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SSS members can make 'salary' or 'calamity' loans. Salary loans are calculated based on a member's particular monthly salary credit. Calamity loans are for instances when the government has declared a state of calamity in the area where an SSS member lives, following disasters such as flooding and earthquakes. [16]
The State of Calamity was initially declared for six months (from March 16, 2020) but was extended through September 12, 2021 with Proclamation No. 1021. [2] Proclamation No. 1218 subsequently extended the State of Calamity to September 12, 2022, "unless earlier lifted or extended as circumstances may warrant." [3] African swine fever outbreak
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG (Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, [a] is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable shelter financing for Filipinos.
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SSS also allows its members to apply for salary loans, based on their monthly salary and calamity loan, if their place is declared as "state of calamity" by the government. SSS also have two voluntary saving programs, PESO Fund and Flexi Fund to help prepare their members with a stable income for retirement. Government servants are protected ...
The family of Avery Borkovec, a 22-year-old inmate who died of an untreated staph infection in 2022, filed suit in federal district court Friday. Colorado family sues after man dies from infection ...