Government Service Insurance System (GSIS) and Social Security System (SSS) announced extended deadlines for members amid the continued COVID-19 community quarantine.
For GSIS, president and general manager Rolando L. Macasaet said it will defer payment for loans due March, April and May 2020 until June this year. Furthermore, there will be no interest charged against loan payments during the period of moratorium. This is applicable to all active members’ housing loans, pension loans and inactive GSIS members who availed of the restructuring and repayment of debts.
The complete list of loans eligible for interest-free moratorium is listed in this memorandum:
https://www.facebook.com/notes/government-service-insurance-system/gsis-memorandum-circular-no-015-s-2020-moratorium-on-all-loan-payments-of-gsis-m/2585284041726786/?__tn__=HH-R
Meanwhile, SSS President and CEO Aurora C. Ignacio, in an interview, said it will also extend loan payments for until Jun. 1, along with contribution deadlines for employers and the deadline for Sickness Benefit Application.
Due to limited bank operations amid the lockdown and the suspension of over-the-counter payment at SSS offices, Ignacio also urged its individual members to pay their contributions online.
Earlier today, President Rodrigo Duterte has approved the extension of the Luzon-wise enhanced community quarantine (ECQ) to further stop COVID-19 transmissions. From the original Apr. 13 deadline, the ECQ will last until the end of April.
Header photo courtesy of Inquirer.net
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