SSS approves P15.6-B in virus calamity assistance loans

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MANILA - The Department of Finance said Tuesday the Social Security System has so far approved P15.63 billion in COVID-19 calamity assistance loans as of July 28.

The state-run pension fund has also approved P190.02 million in unemployment insurance benefits from July 1 to 27 this year, to tide over workers hit hard by the pandemic's economic fallout, according to the DOF.

The pension fund started accepting applications for COVID-19 calamity loans in June, and will halt the program on Sept. 14. Online applications for the loans are now mandatory, it said.

 

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