Tag: interest

HR TALK: Top 10 Questions Answered on SSS Loan Restructuring Program 2021

November 4, 2021.Reading time 21 minutes.

FINALLY! The SSS has released Circular No. 2021-014: Pandemic Relief and Restructuring Program 5 – Short-Term Member Loan Penalty Condonation Program just last October 29 with much abated breath. SSS_CI_2021-014 (1). Over the last few months, employees has been waiting for some sort of loan condonation/ restructuring/ forgiveness from the SSS in vain, especially when […]

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HR TALK: What to Do with Employees’ Long Overdue SSS Loans?

November 14, 2020.Reading time 22 minutes.

Did you get SSS’ love letter earlier this month? SSS has upgraded its systems to inform Employers the current status of their employees’ outstanding loans as of October 2020. Most employers got a bill similar to the below last week:The email was NOT a hoax. It is a legitimate email from SSS informing employers to […]

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