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SSS members can make 'salary' or 'calamity' loans. Salary loans are calculated based on a member's particular monthly salary credit. Calamity loans are for instances when the government has declared a state of calamity in the area where an SSS member lives, following disasters such as flooding and earthquakes. [19]
State of calamity, in the context of disaster management in the Philippines, refers to a status that could be declared widespread within the country, or certain localities, in response to a destructive, natural, or man-made disaster. This measures allows the release of "calamity funds" allocated to local governments and control the pricing of ...
SSS investment income during Teodoro’s term enabled the fund to increase benefits several times over despite a slow increase in contribution rates. Moreover, SSS fund placements in various government banking institutions had yielded high returns, which helped spur economic growth and fund public infrastructure projects.
June 17, 2024 at 1:52 PM. Key takeaways. Personal loan amounts vary by lender, but some lenders allow consumers to borrow up to $100,000. ... Lenders take the following factors into account when ...
Here’s what you need to know about ARM loan requirements if you’re considering getting this type of mortgage in 2024. Many mortgage lenders rely on the Secured Overnight Financing Rate (SOFR ...
If the federal government shuts down this weekend, work at numerous publicly funded agencies would slow or stop altogether, while millions of government employees would stop receiving paychecks.
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
President Joe Biden's plans to forgive federal student loan debt at a mass level has run into mass resistance from both lawmakers and legal authorities, but that hasn't stopped him from continuing ...