The Social Security System (SSS) has implemented the mandatory use of payment reference number (PRN) for salary, calamity, emergency and restructured loan payment transactions beginning yesterday, July 1.
The PRN for loans is a system-generated number corresponding to a loan billing statement of an individual member or employer.
Aurora Ignacio, SSS president and chief executive officer, said in a statement yesterday the use of PRNs for loans was introduced last year as part of the state pension fund’s real-time processing of loans program. It facilitates the immediate and correct posting of loan payments to their matching loan accounts.
“It also allows them to update their email addresses and mobile numbers through their My.SSS account for them to receive their PRN for loans notification on time,” she added.
Non-PRN loan payments will no longer be accepted beyond June 30, 2021, including loan payments made through electronic data interchange facility.
