When I decided to be a stay at home mom, I did not continued to pay for my SSS Contribution because I heard that once you continued it lesser than the previous contribution then the latest amount will be the basis of your retirement income. I don’t have a fixed income and I can’t commit to the P1,560 per month contribution (which is the amount reflected on my previous premium), this is the reason why I have decided not to continue to pay for my SSS Contributions anymore.
But my mind changed and I decided to continue my contribution again when I found out about SSS Condonation program. When I left my job 4 years ago , I still have unfinished payment for my SSS Salary loan, I prioritized paying my credit card balances since charges are bigger there, and I forgot my salary loan from SSS until now.
Here is a screen shot of my unpaid SSS Salary Loan:
The interest and penalty already reached the total of P4,603.84 since my last payment was March 2008. I know it’s my fault why it skyrocketed to that amount, which is why I will not miss this SSS Condonation opportunity.
I already paid for my 3 months latest contribution. It is not yet posted on the SSS website, so I will just go to the branch tomorrow to file for it personally.
Here is an informative video about this program:
- How to Apply for a Calamity Loan (SSS and Pag-Ibig)
- Achieving and Living in Our Dream Home
- Reverse Mortgage Questions and Answers
- How to Get a Housing Loan in the Philippines
- Proof of Payment: Ask2Link