Sss Stock Investment Loan Program
SSS offers members option to sell shares for delinquent stock investment and privatization fund loans 10 February 2015 The Social Security System (SSS) is calling on members with outstanding loans under the Stock Investment Loan Program (SILP) and the Privatization Fund Loan Program (PFLP) to avail themselves of the option to sell their shares of stocks under the two programs. “Despite loan condonation programs that we have offered in the past, there are still quite a number of SSS members who have let their unpaid SILP and PFLP loans balloon into staggering amounts due to penalties and interest,” said SSS Senior Vice President and concurrent Officer-In-Charge for Lending and Asset Management May Catherine Ciriaco. As of 31 December 2014, there are 3,037 delinquent SILP loan accounts, amounting to P304.44 million, inclusive of penalties and interest. There are also 5,755 delinquent PFLP loan accounts, totaling P304.19 million, with penalties and interest. The Social Security Commission in September 2014 approved the Option to Sell Shares of Stocks, as a way to lessen these delinquent accounts that total over P608.63 million. In the late 1980s, SSS offered the SILP to give its members an opportunity to invest in the stock market.
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Stock Investment Online
How to Invest in SSS Flexi Fund (for OFWs) Being an OFW is hard. You are away from your family, unaware of how your children are growing. Listed below are some of the different benefits that you get once you enroll for the SSS Flexi Fund program. SSS Salary Loan Application, Requirements, Payment, Interest Rates and FAQs June 18, 2018. The Social Security System (SSS) has launched the Loan Restructuring Program (LRP) for members with past due calamity loans and other short-term member loans who reside or work in calamity areas as declared by the National Disaster Risk Reduction and Management Council (NDRRMC) or the national government. Loan Program. Stock Investment.