National News
SSS’ PLP releases reach P3.5-B mark; benefits more than 100K pensioners
QUEZON CITY - The state-run Social Security System (SSS) on Thursday said loan releases to pensioners under the enhanced Pension Loan Program (PLP) reached the P3-billion mark, benefitting more than 105,000 pensioner-borrowers. SSS President and Chief Executive Officer Aurora C. Ignacio said the increase in PLP disbursement was due to the enhancement of the program last October 2019 which allowed qualified retiree-pensioners to avail of up to a maximum amount equivalent of 12 times of their pension or about
P200,000. “We are happy to announce that we have already assisted a number of pensioners for their short-term and immediate financial needs preventing them from becoming victims of private loan sharks with steep interest rates and
February 22-28, 2020
Caraga Infocus
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