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Thursday, November 20, 2008

SSS Collects P1.77B in Southern Tagalog

SAN PABLO CITY, Laguna - The Social Security System (SSS) branches in the Southern Tagalog region collected a total of P1.77 billion during the first three quarters of 2008, which was 55 percent more compared with the same period last year, a top official said.
Secretary Romulo Neri, SSS President and Chief Executive Officer, said payments for contributions made up 65 percent of the total collections in the area and the rest are loan amortizations and other fees.
“More members are now paying through SSS branch tellers, which offer quicker processing and posting of payments in our database,” he said.
The SSS verifies members’ eligibility for loans and benefits through the agency’s electronic database, where payments for contributions and loans are posted.
The state-run institution launched its branch teller program in 2002 to make payment convenient for members, especially those from the provinces. A total of 89 SSS branches nationwide accept payments at present.
SSS branches with teller facilities in the area are Bacoor and Rosario-Economic Processing Zone Authority (EPZA) in Cavite; Batangas City and Lipa in Batangas; BiƱan, Calamba and San Pablo in Laguna; Boac in Marinduque; Calapan in Oriental Mindoro; Lucena in Quezon; and Puerto Princesa in Palawan.
“Aside from SSS branches, members can also remit payments through accredited banks, Bayad Centers, participating SM malls and authorized third-party agents,” he said.
The pension fund has over 1.6 million registered members in the Southern Tagalog region, about 1.2 million of which are regular employees.

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