A public insurer offered compensation funds for its members who were seriously affected by Severe Tropical Storm Paeng » (International name: Nalgae).
“Paeng” ravaged most parts of the country during the last week of October. He also crossed the country during the “Undas” or All Saints’ Day weekend when Filipinos took time to visit their departed loved ones.
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To mitigate these losses, the Social Security System (SSS) informed on Thursday, November 3 that it was offering a Disaster Assistance Package (CAP) to its members.
This can also be used by those residing in areas declared to be in a ‘state of calamity’ due to ‘Paeng’.
“Advisory! The Social Security System is to offer a Calamity Assistance Package (CAP) to the victims of the severe tropical storm “Paeng” for SSS members residing in areas declared “in a state of calamity” by the National Disaster Risk Reduction and Management Council (NDRRMC) or by the Sangguniang Bayan/Panlunsod/Panlalawigan,” the notice read.
In its latest inventory, the National Council for Disaster Risk Reduction and Management (NDRRMC) said 160 cities/municipalities have been declared in a “state of calamity” by their respective local government units.
In the infographic that accompanied the post, SSS said the CAP includes the following elements:
- Calamity Loan Assistance Program (CLAP) – a maximum loanable amount worth P20,000 with a payment term of 24 months
- Three-month early pension for SS (Social Security) and EC (Compensation of Employees) retirees
However, the guidelines for this financial support initiative have not yet been released.
The Facebook admin of SSS pointed this out in response to several users who asked about CAP.
“Please await further guidance and eligibility requirements to be released by the SSS for the Calamity Assistance Package,” the public insurer said in one of the responses.
“In case of any update on this, we will immediately notify our members through our official website and social media accounts,” he added.
The SSS covers all Filipino workers who are registered in its system and their beneficiaries.
GSIS prepares its own emergency funds
The Government Service Assurance System (GSIS), the public insurer of civil servants, informed its members that it is currently preparing an emergency loan for the victims of “Paeng”.
The loan dedicated to GSIS members who were affected by the severe tropical storm is not yet open.
What can be used, meanwhile, are emergency loans that cover past natural calamities.
GSIS President and CEO Wick Veloso said in a statement.
” Of the [October 23] this year, GSIS has already released a total of 4.5 billion pesos which has provided financial assistance to nearly 145,000 active and retired GSIS members,” Veloso said.
These disasters are the onslaught of Typhoon Karding, a strong earthquake last July and the ongoing dengue epidemic.
The executive also noted that the GSIS has so far allocated 1.5 billion pesos in emergency loans to its members and retirees in 15 areas of northern Luzon that have been affected by these events.
“We hope to alleviate the plight of more than 69,000 GSIS members and retirees working or residing in areas declared northern calamities due to the 7.3 magnitude earthquake in July, Typhoon Karding in September, flash floods and of the dengue epidemic,” he said.
Areas eligible for this emergency loan can be viewed at this link: Areas Eligible for Emergency Loan – Government Services Assurance System (gsis.gov.ph).
Here are the requirements for members applying for a GSIS emergency loan:
- Are on active duty and not on unpaid leave
- Have at least three months of premiums paid in the last six months
- Have no pending administrative or criminal case
- Have a net salary of at least P5,000