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On April 2 and May 11, 2009, the GSIS Integrated Loans, Membership, Acquired Assets and Accounts Management System (ILMAAAMS) went into a database crash, causing the agency to incur a backlog in its processing of claims and loan applications. The GSIS filed on June 1, 2011, a P100-million damage suit against the IBM Philippines and its parent ...
The unemployment benefit of the SSS also covers the kasambahay (housemaids) as well as Overseas Filipino Workers (OFWs; Filipino migrant workers).Claimants should have made 36 monthly contributions to the SSS, 12 months of which should be in the 18-month period immediately preceding the month of involuntary separation.
Emergency personal loans can be lifesavers in a bind, but can also worsen your financial health if you rely on them without making changes to your spending and savings habits.
Emergency loans are typically small, unsecured loans to cover expenses under $1,000. Common types of emergency loans include personal loans , credit card cash advances and payday loans .
2014 operation subsidies and program funds that GOCCs received from the national government. GOCCs receive from the government "subsidies" and "program funds". [6] Subsidies cover the day-to-day operations of the GOCCs when revenues are insufficient while program funds are given to profitable GOCCs to pay for a specific program or project.
The Social Security System (SSS; Filipino: Paseguruhan ng mga Naglilingkod sa Pribado) [4] is a state-run social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
The Philippine government aided the Cojuangcos in obtaining the loans needed to pay the price. [7] In 1957, José Cojuangco took control of CAT and the hacienda through Manufacturers Trust Company, New York. endorsed by the Central Bank of the Philippines, as well as the Government System Insurance Service (GSIS). [1]
In 2002, a total of 117.7 million Philippine pesos in rebates were distributed to about 195,000 accounts. The rebates were for salary loans and ranged from 500 to 2,000 Philippine pesos each. [9] In 2002, it had nonperforming bad loans of 1.4 billion Philippine pesos, but for 2003 this had increased to 4.18 billion Philippine pesos.
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