LRP with condonation

The state-run Social Security System (SSS) an nounced that the Loan Restructuring Pro gram (LRP) with penalty condonation was extended for another six months or until April 1, 2019.

“We are glad to announce that the second Loan Restructuring Program with penalty condonation will be extended for another six months to accommodate more members who have outstanding short-term obligations with the SSS,” SSS President and Chief Executive Officer Emmanuel F. Dooc said. SSS launched the LRP with condonation program last April 2 and has since collected more than P2 billion income from nearly 300,000 members for the first five months of implementation.