To ease the burden on members of the Social Security System (SSS) amid the ongoing oil crisis, SSS officials are now studying the possibility of offering loan moratorium and condonation programs for its members.
In a press statement, SSS President and Chief Executive Officer Robert Joseph De Claro said it is also looking into extending contribution payment deadlines for employers and individual paying members.
De Claro noted that these suggested measures aim to provide immediate relief to SSS members and employers struggling with financial difficulties, ensuring they can continue to access vital benefits without an added burden.
"We recognize the hardships many Filipinos are enduring. SSS remains committed to protecting the welfare of our over 40 million members. We are expediting internal reviews and consultations with stakeholders to roll out these support initiatives as swiftly as possible, while safeguarding the long-term sustainability of the SSS fund," the official added.
De Claro said that SSS is also actively pursuing digital initiatives to simplify administrative and implementation processes to reduce compliance burden and ensure the timely delivery of relief measures and services.
Updates on these programs will be announced through its official channels once finalized.
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