Inside , new Public Security system already been providing the Retirement Loan System to help you offer quick financial help so you’re able to licensed SSS old age pensioners thanks to a beneficial low-value interest loan. We’re conscious in the last age, many needed signature loans off individuals individual financing enterprises one to charge high rates having pawned collaterals like their Automated Teller Machine (ATM) cards. This is when SSS is available in if it ultimately established brand new PLP to all or any its advancing years pensioners.

• 85 yrs old and less than at the conclusion of the final month of financing name;
• zero a great financing harmony and you may work for overpayments payable to help you SSS;
• no established progress pension under the SSS Disaster Assistance Package; and
• should be receiving the typical month-to-month pension for at least you to definitely week that have an enthusiastic active condition. Read more