outbrain
Close  

GSIS, SSS move members’ payment deadlines to June 1 as COVID-19 relief

By: - Reporter / @bendeveraINQ
/ 07:35 PM April 07, 2020

The country’s two state-run pension funds on Tuesday (April 7) announced relief for members with loans and those in the private sector worrying about meeting the deadline of their regular contributions.

In a statement, Government Service Insurance System (GSIS) president and general manager Rolando L. Macasaet said the GSIS board of trustees approved a three-month moratorium on loan payments that fall due in March, April and May.

ADVERTISEMENT

Loan payment collections would resume on June 1 without penalties or added interest, the GSIS said.

GSIS pensioners will also benefit from the loan payment moratorium, Macasaet said. There would be no deductions for loans from their pensions in May.

FEATURED STORIES

GSIS members with housing loans would also be given reprieve from payments.

Macasaet said only those with loans which had been on default as of Feb. 29 are required to pay.

Social Security System (SSS) president and chief executive Aurora C. Ignacio said the deadline to pay monthly contributions was extended until June 1.

“We recognize the difficulty encountered by our members and employers in paying SSS contributions,” Ignacio said.

Over the counter services in SSS branches had been suspended and some banks are operating in limited capacity, she said.

Ignacio urged members and household and regular employers to pay SSS contributions online.

Edited by TSB
ADVERTISEMENT

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link .

Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: #COVID19PH, contributions, coronavirus, coronavirus Philippines, Loans, payments, pension
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.