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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.
The Government Service Insurance System (Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a Filipino government-owned and controlled corporation (GOCC) in the Philippines aimed at government employees. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance ...
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 ...
Unemployment benefits of former government employees are sourced from the Government Service Insurance System (GSIS). Payments are equal to 50 percent of the claimant's average monthly compensation and are dispensed monthly for two to six months, depending on the claimant's length of service.
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 ...
The Sandiganbayan releases a June 10 decision convicting former Mamburao, Occidental Mindoro mayor Voltaire Anthony Villarosa of failing to remit ₱4.81 million in contributions and loans by municipal employees to the Government Service Insurance System (GSIS) from 2015 to 2016 and sentences him to four years' imprisonment. [156]
The Government Service Insurance System prepared emergency loan programs for calamity-hit individuals. [101] Floodwaters in Bulacan after Typhoon Doksuri. Two organizations from the private sector began facilitating the sale of produce which were harvested in advance to evade damage from the typhoon's strong winds. [102]
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