SSS pensioners told to tap online facility

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The Social Security System (SSS) is reminding qualified retiree-pensioners who wish to renew their loans under the Pension Loan Program (PLP) to submit their applications online.

Aurora Ignacio, SSS president and chief executive officer, said in a statement yesterday the online facility for the PLP was added in the My.SSS Member Portal since September last year to provide an easier and safer channel for SSS pensioners to benefit from the loan program.

The state pension fund said community quarantine lockdowns imposed by the government to stem the increasing infections due to the coronavirus limited the mobility of pensioner-members and affected transactions with SSS branches, including PLP applications.

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SSS said it disbursed P787.27 million in pension loans to 17,585 retiree-pensioners from January to March 2021, representing a 43.8 percent and 44.1 percent decline, respectively.

During the same period in 2020, PLP releases amounted to P1.4 billion for 31,467 retiree-pensioner borrowers.

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