Job loss benefits for SSS members eyed under law

ABS-CBN News

Posted at Nov 21 2017 10:00 AM

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MANILA – A law is being crafted to provide financial aid to Social Security System members who lose their jobs, the head of the pension fund said Tuesday.

Those who are “involuntarily” separated from work may get up to 80 percent of their monthly salary for up to 6 months, said SSS President Emmanuel Dooc.

“What we want is during their separation from work, they should also be encouraged to actively look for work,” Dooc told ANC’s Early Edition.

“That will require retraining, making them fit to seek other employment different from their previous job,” he said.

Starting next year, SSS members can also access the posting of their contributions and loan payments in real time, Dooc said.

“This will truly facilitate the transactions, the granting of loans, the approval of loans, the payment of benefits,” he said.