Christ Yoder
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The state pension fund, the Government Service Insurance System (GSIS) and the Social Security System (SSS), assured on Wednesday that loan aid would be offered to members and retirees in areas affected by the Typhoon Tisoy (international code name Kammuri).
During a press briefing in Malacañang, GSIS Vice President for Visayan Operations Joseph Philip Andres said that an emergency loan program will soon be available for GSIS members and retirees in the regions. areas affected by the typhoon.
Andres said members and retirees can borrow 20,000 pesos, payable over three years in equal monthly installments with an 8% interest rate.
They can apply for the loan after submitting a declaration of state of calamity by the Sangguniang Panlalawigan / Panglungsod and / or the National Council for Disaster Risk Reduction and Management (NDRRMC), he added.
Currently, he said members and retirees have yet to apply for a loan since the typhoon only made landfall on Tuesday evening.
The right of members and retirees is if the calamity occurs within three months.
“Kunwari if [For example] Tisoy, three months from now puwede siya magis lying [it can
serve as] based n / A [of] declaration of this calamity and as a basis for the granting of this loan, ”said Andres.
Members and retirees who are not in the areas affected by the calamity can benefit from the GSIS Financial Assistance Loan (GFAL).
On the other hand, Boobie Ocay, acting head of the SSS member loans department, said SSS members may soon apply for the Disaster Loan Assistance Program (CLAP).
Ocay said that under CLAP, qualified members can be granted a loan amount equal to their respective average monthly salary credit, which is calculated based on the average of the last 12 MSCs.
The loan amount will be payable over two years in equal monthly installments and at an interest rate of 10 percent per annum.
“Makiki-to coordinate kami herNDRRMC for declaration ng state of calamity kasi
usually sinisigurado namin ‘yungRegion ay talagang nakalamidadso can basehan kamingofficial bago kami mag-offer ng Calamity Package its Region na ‘yun[We
coordinate with the NDRRMC for the declaration of state of calamity because we
have to make sure an area is calamity hit so we have basis before we offer
Calamity Packages in the area]”Ocay said in a media interview.
She said the ongoing Calamity package is available to members affected by a series of earthquakes that hit Mindanao in October.
Besides the CLAP, the SSS also offers two other programs, the three-month early pension and the direct loan for home repair and improvement.
Section 16 of Republic Law 10121 gives the power to declare an area or areas under a state of calamity to the President of the Philippines or units of local government on the recommendation of the NDRRMC, or their local counterparts known as local disaster risk reduction. and Management Board, respectively.
Once in a state of calamity, the citizens of this region have the opportunity to apply for a loan from the government.
According to the Philippine Atmospheric, Geophysical and Astronomical Services Administration, Typhoon Tisoy is expected to leave the Philippines area of responsibility between Wednesday evening and Thursday morning, and is expected to weaken continuously due to the northeast monsoon. ANP
