BAGUIO CITY -- The
Social Security System (SSS) is calling on private sector workers affected by
the Enhanced Community Quarantine due to the COVID pandemic to coordinate with
their employers so they can be applied for financial assistance under the Small
Business Wage Subsidy (SBWS) Program.
SSS – Baguio Information
Officer Christian Rillorta explained during the Cordillera Regional Inter –
agency Task Group COVID – 19 online media briefing that the SBWS is a program
being spearheaded by the Department of Finance in line with the Bayanihan to
Heal as One Act.
This
provides P5,000 – P8,000 cash assistance to affected workers nationwide based
on the minimum wage in the region, which in the Cordillera Region is
P5,500.
Rillorta said
the SSS comes in with its database of private sector member employees and use
of its online portal for employers – My.SSS account for the SBWS application.
The Bureau of Internal Revenue will notify the qualified small businesses based
on their database.
The online
application for the SBWS started last April 16 and the last day of application
will be on May 8.
The
government plans to release the first tranche of cash assistance from May
1 – 15 and second tranche by May 16 – 30, he added.
Meanwhile,
Rillorta said payment for SSS member contribution for the first quarter of 2020
has been moved to June and that there is a 3 – month moratorium for
payment of loans.
Rillorta
calls for understanding of members with the salary loan currently offered
online due to the ECQ and may take longer processing time as the
SSS online services is focused on the SBWS. SSS will also be offering Calamity
Loan Assistance program after the SBWS implementation, he said.
“Hopefully
our branches will open after May 15 and our clients must also expect changes
operations as health and safety precautions will be included in the system”, he
added.
For more
information on the SBWS program and other SSS updates, log on to the facebook
page – Philippine Social Security System. (JDP/CCD-PIA CAR)
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