SSS defends interest rates on salary loans

Posted at Nov 08 2012 05:26 PM | Updated as of Nov 09 2012 01:26 AM

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The Social Security System clarified it is not mandated to set its interest rate for salary loans based on the interest rates that the Bangko Sentral uses for Treasury bills. The Commission on Audit earlier said the SSS over-collected interest on salary loans in 2011. ANC Dateline Philippines, November 8, 2012