(SPOT.ph) State-run insurers SSS and GSIS will be offering calamity assistance to members and pensioners affected by Severe Tropical Storm Paeng to help them recover from one of the strongest storms to hit the country this year.
The SSS today, November 3, said that members affected by Paeng may avail of a calamity loan up to P20,000, while pensioners may apply for a three-month advance pension.
GSIS members are also given the option to apply for a calamity loan up to P40,000.
Who are qualified for SSS, GSIS calamity assistance?
SSS members and pensioners in areas placed under a state of calamity by the National Disaster Risk Reduction and Management Council or by their respective Sangguniang Bayan/Panlungsod/Panlalawigan are qualified to avail of the assistance programs.
President Ferdinand "Bongbong" Marcos Jr. has declared Calabarzon, Bicol Region, Western Visayas, and BARMM under state of calamity following the onslaught of Paeng. The local government of Muntinlupa also placed the city under a state of calamity due to the storm.
For GSIS, active members, and old-age and disability pensioners residing in Masantol, Pampanga who were affected by massive flooding may avail of the assistance.
The GSIS loan program is also open to members and pensioners who were affected by Typhoon Karding in the province of Nueva Ecija and municipalities of Polillo, Patnanungan, Panukulan, Jomalig, Burdeos, and General Nakar in Quezon; La Paz in Tarlac; Macabebe in Pampanga, and Dingalan, Aurora.
To avail of the GSIS calamity loan, members should also meet the following qualifications:
- In active service and not on leave of absence without pay
- Have at least three months of paid premiums within the last six months
- Have no pending administrative or criminal case
- Have a net take-home pay of not lower than P5,000 after all required monthly obligations have been deducted
Old-age and disability GSIS pensioners can also apply for the calamity loan if their resulting net monthly take-home pension after loan availment is at least 25% of their basic monthly pension.
How much can SSS, GSIS members avail?
The SSS said members qualified for the assistance program can avail of up to P20,000 calamity loan, payable for up to 24 months.
GSIS members with existing emergency loan balance may borrow up to P40,000 to pay off their previous emergency loan balance and still receive a maximum net amount of P20,000.
GSIS pensioners and those without an existing emergency loan may apply for a P20,000.
The SSS and GSIS have yet to release the full guidelines for the availment of their calamity assistance programs. Qualified members and pensioners are advised to wait for the full details through the SSS website or Facebook page, or through the GSIS website or Facebook page.