The Social Security System (SSS) on Sunday said it is studying the feasibility of implementing a loan moratorium for members and a condonation program for contribution penalties for employers as part of its relief measures amid ongoing economic challenges.
SSS President and Chief Executive Officer Robert Joseph M. de Claro said the proposed initiatives aim to provide immediate financial relief to members and employers facing economic difficulties, allowing them to continue accessing essential benefits without additional burden.
The agency is also evaluating options to extend contribution payment deadlines for both employers and individual-paying members to provide greater flexibility under the current situation.
“We recognize the hardships many Filipinos are enduring,” de Claro said.
“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.”
De Claro added that SSS is pursuing digital initiatives to streamline administrative processes, reduce compliance requirements, and ensure the timely delivery of relief measures and services.
The SSS assured the public that updates on these proposed programs will be announced through its official channels once finalized.