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SSS members can make 'salary' or 'calamity' loans. Salary loans are calculated based on a member's particular monthly salary credit. Calamity loans are for instances when the government has declared a state of calamity in the area where an SSS member lives, following disasters such as flooding and earthquakes. [19]
The decentralization move had also allowed members to remit payments through authorized banks. Before the decentralization, members sent payments and membership applications through mail, or appear in person at the SSS head office in Diliman, Quezon City, a costly and time-consuming process especially for members from the provinces.
It is not possible for non-government employees, self-employed or non-working persons to become members of the GSIS. Instead, they are covered by the Social Security System (SSS). Meanwhile government employees in addition to GSIS, can also become members of the SSS at their own cost.
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The Board of Trustees of the Trust Funds is composed of six members: [1] [2] [11] Secretary of the Treasury (the Managing Trustee), Secretary of Labor, Secretary of Health and Human Services, Commissioner of Social Security, and; Two members appointed by the President and confirmed by the Senate for a term of four years. These may not be ...
The first wave of Social Security claims resulting from the Social Security Fairness Act signed into law on Jan. 5 has been processed and checks are being sent, the Social Security Administration ...
The payments are sourced from the country's Social Security System (SSS). [1] The benefits are not dispensed as a loan and thus does not incur additional fees to the claimant. [3] Until 2018, there was no unemployment benefit scheme for private employees.
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