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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]
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.
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 ...
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."
Here's what to know about the recently signed Social Security Fairness Act, including who it will benefit.
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.
On March 16, the president signed Proclamation No. 929 declaring a state of calamity throughout the country for six months, bringing into effect the following: [5] price control of basic needs and commodities, granting interest-free loans, distribution of calamity funds, authorization of importation and receipt of donations, and
Van Dyke shared Johnson's post to his own Instagram page. He also confirmed Bobo’s safe return in a Facebook post on Thursday, Dec. 12, writing that he and Silver “found Bobo” at their home ...