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SSS Short-Term Member Loan Penalty Condonation Program to end on May 14, 2022 |
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Social Security System (SSS) President and Chief Executive Officer Michael G. Regino urges members with past-due loans to avail of the Short-Term Member Loan Penalty Condonation Program (STMLPCP) or Pandemic Relief and Restructuring Program 5 (PRRP 5) before it ends on May 14, 2022. As part of the Pandemic Relief and Restructuring Programs, PRRP 5 is being offered by SSS since November 15, 2021 to provide financial relief to its pandemic-hit members. Outstanding loan principal and interest may be settled either through one-time full payment or installment term while the accumulated penalties will be waived upon full payment of the restructured loan. 13 May 2022 |