The Social Security System (SSS) announced last Thursday that it will open two lines of financial assistance for members and retirees in areas affected by Super Typhoon Karding (international name: Noru).
SSS President and CEO Michael G. Regino said those programs are the Calamity Loan Assistance Program (Clap) for members and the 3 Month Advance Pension (Tmap) for SS and Employees’ Compensation (EC) retirees.
Under the Clap, members can take out a loan equal to the average of their last 12-month payroll or the amount they applied for, whichever is lower. With Tmap, the proceeds are based on the amount of the pensioner’s monthly pension.
Regino said the programs would be offered to members and retirees in areas to be declared a state of disaster by the National Disaster Risk Reduction and Management Council (NDRRMC).
The SSS chief added that they are finalizing guidelines for these programs, which will be released through the agency’s website and social media channels as they become available. Applications for the CLAP are processed through the My.SSS portal of the SSS website.