training workshop on accounts management

AMENDEDAMENDED SALARY LOANSSALARY LOANSGRANTING GUIDELINESGRANTING GUIDELINES

SSC Resolution No.SSC Resolution No. 316-S.2012 316-S.2012, dated , dated 18 April 201218 April 2012

((Circular No. Circular No. 2012-018 2012-018 dated dated 14 November 201214 November 2012))

MEMBER LOANS DEPARTMENT MEMBER LOANS DEPARTMENT AMENDED SALARY LOAN AMENDED SALARY LOAN

GUIDELINESGUIDELINES

A. A. ELIGIBILITY REQUIREMENTSELIGIBILITY REQUIREMENTS

1.11.1

An employed, currently paying self-An employed, currently paying self-employed or voluntary member(SE/VM) employed or voluntary member(SE/VM) who has who has 6 posted monthly contributions 6 posted monthly contributions for the last 12 monthsfor the last 12 months prior to the month prior to the month of filing of application.of filing of application.

1.21.2

For a For a one-month loanone-month loan, the member-, the member-borrower must have borrower must have 3636 posted monthly posted monthly contributions, prior to the month of filing contributions, prior to the month of filing of application.of application.For a For a two-month loantwo-month loan, the member-, the member-borrower must have borrower must have 7272 posted monthly posted monthly contributions, prior to the month of filing contributions, prior to the month of filing of application.of application.

1.31.3

03 / 02 / 2004 MLPMD

0LU9112F V2.00 Mark Jayson V. Ferrer

SSS Number : 03 - 7353160 - 4 Name : FERRER, MARK JAYSON V.Date of Birth : 05 - 07 - 1980 Date of Coverage : 07 - 2000

*** ***

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2014 9000 9000 9500 95002013 8000 7500 8000 0 0 0 8000 8000 8500 8000 8500 85002011 5000 5000 5000 0 5000 0 0 0 7000 7500 7500 65002010 2500 2500 2500 0 2500 2500 2500 0 0 4000 4500 45002009 0 0 0 0 2500 2500 2500 2500 2500 2500 2500 2500

= 38= 0= 38

Press [DOWN/UP ARROW] to navigate ; [ENTER] for ER history ; F3 to exitCount : *5 <OSC> <DBG> < Replace >

T O T A L

Total Number of Contributions

MONTHLY SALARY CREDIT

SSS ONLINE INQUIRY SYSTEM

EMPLOYEE CONTRIBUTIONS

[2000 - 2004]

[ LUMP ]

MEMBER LOANS DEPARTMENT AMENDED SALARY LOAN GUIDELINES

03 / 02 / 2004 MLPMD



*** ***

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2014 9000 95002013 8000 8000 8500 8500 0 0 0 0 0 8500 0 90002012 5000 5000 5000 0 5000 0 5500 6000 6000 0 7500 02011 2500 2500 2500 3000 2500 2500 5000 5500 5000 4000 4500 45002010 2500 2500 2500 0 0 0 2500 2500 2500 2500 2500 2500

= 91= 0= 91


T O T A L





[2000 - 2004]

[ LUMP ]


MEMBER LOANS DEPARTMENT MEMBER LOANS DEPARTMENT AMENDEDAMENDED SALARY LOAN SALARY LOAN

GUIDELINESGUIDELINES

If the member-borrower is employed, his If the member-borrower is employed, his employer must be updated in employer must be updated in contributions and loan remittances.contributions and loan remittances.

1.41.4

1.51.5 The member-borrower has not been The member-borrower has not been granted final benefit (granted final benefit (total permanent total permanent disability, retirement & death disability, retirement & death ).).

The member-borrower must be under The member-borrower must be under sixty five sixty five (65) years of age (65) years of age at the time of at the time of application. application. (effective (effective 12 January 2006 12 January 2006 per SSC per SSC Resolution No. 434 dated 09 November 2005)Resolution No. 434 dated 09 November 2005)

The member-borrower has not been The member-borrower has not been disqualified due to fraud committed disqualified due to fraud committed against the SSS.against the SSS.

1.61.6

1.71.7

B. B. LOAN AMOUNTLOAN AMOUNT

FROM TOOne-month Salary Loan

Average of the member’s latest posted 12 Monthly Salary Credits (MSCs).

Average of member’s latest posted 12 Monthly Salary Credits (MSCs), or amount applied for, amount applied for, whichever is lower.whichever is lower.

Two-month Salary Loan

Twice the average of the member’s latest posted 12 Monthly Salary Credits (MSCs), rounded to the next higher monthly salary credit, but not to exceed P 24,000.

Twice the average of the member’s latest posted 12 Monthly Salary Credits (MSCs), rounded to the next higher monthly salary credit, or amount applied for, amount applied for, whichever is lower.whichever is lower.

03 / 02 / 2004 MLPMD



*** ***

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2014 9000 9000 9500 95002013 8000 7500 8000 0 0 0 8000 8000 8500 8000 8500 85002011 5000 5000 5000 0 5000 0 0 0 7000 7500 7500 65002010 2500 2500 2500 0 2500 2500 2500 0 0 4000 4500 45002009 0 0 0 0 2500 2500 2500 2500 2500 2500 2500 2500

= 38= 0= 38


T O T A L





[2000 - 2004]

[ LUMP ]


C. C. REPAYMENT TERM & SCHEDULE OFREPAYMENT TERM & SCHEDULE OF PAYMENT PAYMENT

FROMFROM TOTO

24 equal monthly installments

24 equal monthly installments to start on the 2nd month following the date of the loan.

All subsequent remittances shall be made on or before the payment deadlines for loans following the applicable month.

D. D. SCHEDULE OF PAYMENT SCHEDULE OF PAYMENT

For EMPLOYERS (ERs)For SELF-EMPLOYED (SE) and

VOLUNTARY MEMBERS (VM) (except OFW-members)

If 10th digit of the 13-digit

ER number ends in:

Payment Deadline (following the

applicable month)

If 10th (last) digit of theSS number ends in:

Payment Deadline (following the applicable

month or quarter)

1 or 2

10th day of the month

1 or 2 10th day of the month

3 or 4



5 or 6



7 or 825th day of the

month7 or 8 25th day of the month

9 or 0Last day of the

month9 or 0 Last day of the month

E. E. INTEREST AND PENALTY INTEREST AND PENALTY FROMFROM TOTO

• Nominal interest of 10% per annum;

• First year’s interest shall be deducted in advance from the proceeds of the loan;

• Second year’s interest shall be included in the monthly amortization.

• The loan shall be charged an interest rate of 10% per annum until fully paid, based on based on diminishing principal balancediminishing principal balance, and shall be amortized over a period of 24 months.o Any excess in the amortization

payment shall be applied to the outstanding principal balance.

o Loan amortization not remitted on due date shall bear a penalty of 1% per month until fully paid.

To compute the MONTHLY AMORTIZATION

•Get the loan amount

•Determine the Loan Term and find the equivalent in the Amortization Factor Table

Monthly Amortization (MA) = Loan Amount x Amortization Factor= P 30,000 x 0.0461449263 (24 months)= P 1,384.35

F. F. DIMINISHING BALANCE SAMPLE DIMINISHING BALANCE SAMPLE COMPUTATION COMPUTATION

LOAN AMOUNT (LA) = P30,000.00INTEREST RATE (INT) = 10%MONTHLY AMORTIZATION (M.A.) = P1,384.35

Computation of Interest And Principal:

INTEREST DUE = LA x INT / 12= 30,000 x 10% / 12= 250.00

PRINCIPAL DUE = MA – Interest Due= 1,384.35 – 250= 1,134.50

SCHEDULED BALANCE = LA – Principal Due= 30,000 – 1,134.50 = 28,865.50

F. F. DIMINISHING BALANCE SAMPLEDIMINISHING BALANCE SAMPLE COMPUTATION COMPUTATION

G. G. SERVICE FEESERVICE FEEA service fee of A service fee of 1%1% of the loan amount shall be of the loan amount shall be charged and deducted from the proceeds of charged and deducted from the proceeds of the loan.the loan.

H. H. LOAN RENEWALLOAN RENEWAL

FROM TO

The loan may be renewed after the prescribed amortization period of two (2) years.oBalance of P 500 or less deducted from proceeds of new loan.

The loan may be renewed after payment of at least 50% of the original principal amount and at least 50% of the term has lapsed, whichever comes later.

I. I. RESPONSIBILITIES OF EMPLOYERRESPONSIBILITIES OF EMPLOYER1.1. The employer shall be responsible for the The employer shall be responsible for the

collection and remittance to the SSS of the collection and remittance to the SSS of the amortization(s) due on the member-borrower’s amortization(s) due on the member-borrower’s salary loan through payroll deduction.salary loan through payroll deduction.

2.2. The employer shall The employer shall deduct the total balance deduct the total balance of of the loan from any benefit/s due to the employee the loan from any benefit/s due to the employee and shall remit the same in full to SSS, in case the and shall remit the same in full to SSS, in case the member-borrower is member-borrower is separated voluntarilyseparated voluntarily ((e.g., e.g., retirement or resignationretirement or resignation) or ) or involuntarily involuntarily (e.g., (e.g., termination of employment or cessation of operations termination of employment or cessation of operations of the company).of the company).

3.3. The employer shall report to the SSS the effective The employer shall report to the SSS the effective date of separation from the company and the date of separation from the company and the unpaid loan balance of the employee, through the unpaid loan balance of the employee, through the collection list, if the benefit(s) due the employee collection list, if the benefit(s) due the employee is insufficient to fully repay his loan.is insufficient to fully repay his loan.

J. J. RESPONSIBILITIES OF EMPLOYERRESPONSIBILITIES OF EMPLOYER4.4. The employer shall require a new employee The employer shall require a new employee

to secure from the SSS an updated statement to secure from the SSS an updated statement of his account.of his account.

5.5. The employer shall deduct and remit to SSS The employer shall deduct and remit to SSS any outstanding loan balance of new any outstanding loan balance of new employees.employees.

K.K. RESPONSIBILITY OF MEMBER-RESPONSIBILITY OF MEMBER- BORROWER BORROWER The member-borrower who transfers The member-borrower who transfers

employment is obliged to report to the new employment is obliged to report to the new employer any outstanding loan balance with employer any outstanding loan balance with SSS and shall allow the new employer to SSS and shall allow the new employer to deduct from his salary the corresponding deduct from his salary the corresponding amortization due, plus any interest/penalty amortization due, plus any interest/penalty for late remittance of amortization.for late remittance of amortization.

1. Resigned

2. Terminated

3. With Final Claim- Death, Total Disability and Retirement

4. Retrenched

REMINDER TO EMPLOYERS:REMINDER TO EMPLOYERS:

Indicate in the “remarks column” of the collection lists member-borrowers' employment status and to indicate “date” after the status:

In case of default, the arrearages / unpaid In case of default, the arrearages / unpaid loan shall be deducted from the benefits loan shall be deducted from the benefits claimed by the member, whichever comes claimed by the member, whichever comes first, as follows:first, as follows:

For self-employed / voluntary member, For self-employed / voluntary member, deduction shall be from short-term benefits deduction shall be from short-term benefits (Sickness/Maternity/Partial Disability).(Sickness/Maternity/Partial Disability).

Automatic deduction of outstanding loan Automatic deduction of outstanding loan balance from final benefits (Total Disability / balance from final benefits (Total Disability / Retirement / Death).Retirement / Death).

L.L. DEDUCTION OF ARREARAGES /DEDUCTION OF ARREARAGES / UNPAID LOAN FROM BENEFITS UNPAID LOAN FROM BENEFITS

M. M. OTHER CONDITIONSOTHER CONDITIONS

1.1. Any overpayment on a previous loan shall be Any overpayment on a previous loan shall be applied to the subsequent loan, if any. applied to the subsequent loan, if any. Otherwise, the overpayment shall be Otherwise, the overpayment shall be refunded upon request of the member-refunded upon request of the member-borrower.borrower.

2.2. The member-borrower shall notify the SSS in The member-borrower shall notify the SSS in case of change of address/employer thru case of change of address/employer thru mail/e-mail/over-the-counter (OTC). mail/e-mail/over-the-counter (OTC).

3.3. A disclosure statement on loan transaction A disclosure statement on loan transaction shall be issued by SSS to the member-shall be issued by SSS to the member-borrower upon approval of his loan.borrower upon approval of his loan.

REPUBLIC OF THE PHILIPPINESREPUBLIC OF THE PHILIPPINESSOCIAL SECURITY SYSTEMSOCIAL SECURITY SYSTEM

DISCLOSURE STATEMENT ON LOAN/CREDIT TRANSACTION DISCLOSURE STATEMENT ON LOAN/CREDIT TRANSACTION ((As required under R.A. 3765 Truth in Lending ActAs required under R.A. 3765 Truth in Lending Act))

NAME OF BORROWER : EDUARDO S. MEDINA

SSS NUMBER : 33-0707004-4

ADDRESS : CALBAYOG CITY, SAMAR

1.LOAN AMOUNT PHP 8,000.00

2.OTHER CHARGE(S) / DEDUCTION(S)

a) Service Fee (1% of loan amount) PHP 80.00

b) Balance of previous loan, if any PHP 0.00

3.NEW PROCEEDS OF LOAN (Items 1 less item 2) PHP 7,920.00

4.SCHEDULE OF PAYMENTS

20

Month

Amortization

Interest

Principal

Outstanding Principal Balance

PhP 8,000.00

1 369.16 66.67 302.49 7,697.51

2 369.19 64.15 305.01 7,392.49

3 369.16 61.60 307.56 7,084.94

4 369.16 59.04 310.12 6,774.82

21

Month

Amortization

Interest

Principal


5 369.16 56.46 310.12 PhP 6,462.12

6 369.19 53.85 315.31 6,146.81

7 369.16 51.22 317.94 5,828.87

8 369.16 48.57 320.59 5,508.29

9 369.16 45.90 323.26 5,185.03

10 369.16 43.21 325.95 4,859.08

11 369.16 40.49 328.67 4,530.41

12 369.16 37.75 331.41 4,199.01

13 369.16 34.99 334.17 3,864.84

14 369.16 32.21 336.95 3,527.89

15 369.16 29.40 339.76 3,188.13

16 369.16 26.57 342.59 2,845.53

17 369.16 23.71 345.45 2,500.09

18 369.16 20.83 348.33 2,151.76

19 369.16 17.93 351.23 1,800.53

22

Month

Amortization

Interest

Principal


20 369.16 15.00 354.15 PhP 1,446.38

21 369.19 12.05 357.11 1,089.27

22 369.16 9.08 360.08 729.19

23 369.16 6.08 363.08 366.11

24 369.16 3.05 366.11 0.00

TOTAL

8,859.83 859.83 8,000.00

5. EFFECTIVE INTEREST RATELoan shall be charged an interest rate of 10% per annum until fully paid, based on diminishing principal balance, and shall be amortized over a period of 24 months.

6. LOAN WILL BE CANCELLED IF CHECK IS NOT ENCASHED WITHIN THREE (3) MONTHS

CONFORME : ________________________

23

LLoansoansMManagementanagementSSystemystem

INPUT SOURCE• Collection List• LMS Diskette• Auto Debit Arrangement (ADA)

(Self-Employed / Voluntary Member / OFWSelf-Employed / Voluntary Member / OFW)) • Electronic Data Interchange (EDI)

• Received.• Encoded• Balanced / Unbalanced• For Posting• Posted

STATUS

EMPLOYER

ML-2 (Pre-printed/Improvised Collection List) ML-1 (Payment Return Form) Official Receipt (OR)/Special Bank Receipt

SELF-EMPLOYED/VOLUNTARY MEMBER/ SEPARATED MEMBER

ML-1 (Payment Return Form) Official Receipt/Special Bank Receipt

DOCUMENTATION REQUIREMENT:

LMS COLLECTION LIST (ML-2)

Employer Name: HONDA CARS SAN PABLO INC.Employer ID No.: 04-0932411-7

Current Overdue

02-1351024-8 Guanlao, Virgilio B. S 06-13-1995 10,000.0 - 12,716.60 12,716.60 04-0129419-8 Desamero, Wiflred C 03-03-1988 6,000.0 - 5,306.54 5,306.54 04-0228466-0 Bunye, Cesar D 09-29-1993 3,000.0 - 2.18 2.18 04-0228466-0 Bunye, Cesar S 02-17-1998 10,000.0 466.67 1,448.77 1,915.44 04-0583856-3 Cuenca, Reynaldo S 03-13-1998 1,500.0 70.00 435.07 505.07 04-0656160-6 Reyes Lilibeth S 03-26-1996 4,000.0 - 4,693.34 4,693.34 04-0734684-6 Villegas, Lilibeth C 11-01-1995 5,000.0 - 6,723.06 6,723.06 04-0434684-6 Villegas, Lilibeth S 02-14-1994 8,000.0 - 12,640.71 12,640.71

536.67 43,966.27 44,502.94

CERTIFIED CORRECT: __________________________ Signature Over Printed Name

Amount of Loan

Re marksSS NumberName of

BorrowerL T

Date Granted

PAGE TOTAL

TOTAL AMOUNT DUE:

SALARY/CALAMITY/EDUCT'L./EMERGENCY LOAN

Republic of the PhilippinesSOCIAL SECURITY SYSTEM

SAN PABLO

COLLECTION LISTAs of 01-31-1999

Total Amount

Due

Amount Due

LMS DISKETTE PROJECT CAN BE ACCESSED AT SSS WEB SITE: www.sss.gov.ph

LMS DISKETTE PROJECT

OPERATING SYSTEMS

- WINDOWS 98/2000 - WINDOWS XP

Participants:

Bank of P.I. MBTC PNB UCPB DBP PS Bank

AUTO DEBIT ARRANGEMENT (ADA)(Self employed and Voluntary Members)

Participants:

Union Bank of the Philippines (UBP) TR# UBP02345

Bank of the Philippine Islands (BPI) TR#BPI00011

BANCNET (BNI) TR# BNI00013

SECURITY Bank & Trust Co. (SBTC) TR# SBC00001

ELECTRONIC DATA INTERCHANGE (EDI)(Employer)

Bayad Center, Inc (BCI) TR# 0000Z123SM Payment Centers TR# 8351S123

SELF EMPLOYED / VOLUNTARY MEMBER

OVERSEAS FILIPINO WORKERS (OFW)

PNB (Foreign) Iremit, Inc.Bayad Center ForeignWorldwide Delivery Services

ELECTRONIC DATA INTERCHANGE (EDI)

Employer (ER) enrolls directly at the accredited Value Added Network (VAN) service Providers.

Bank provides the SSS thru BANCNET list of enrolled E-Payment ERs.

SSS provides the billing to the VAN providers.

ER prepares Loan Collection List (LCL) based on the billing provided by SSS.

ER uploads the monthly LCL at the Bancnet LR System.

VAN providers submit LCL together with the Debit Advice (DA) to SSS.

SSS extracts and validates the LCL with DA.

SSS sends Loan Collection Acknowledgement (LCA) to the VAN providers.

ELECTRONIC DATA INTERCHANGE (EDI)

• No manual encoding of payments. Transfer of the upload file from the Van Provider to SSS is through file transfer protocol (FTP) which is based on the Branch owner/code of the employer/participant

• The unpostable payments are corrected at the Membership & Loans Operations Accounting Section (MLOAS) of Processing Center concerned

LIST OF UNPOSTABLE BY ER ID NO.

Employer ID no. 03-8716847-4 SBR/TR No. 225917ER Branch BACOOR (CC) Date 07-21-1997Billing Month Repayment SBR

Seq. No. SS No. Employee Name Loan Date Amount Reason(For SSS use Only) Type Granted

S 01-01-1940 700.00 Invalid SS No.

Employer ID no. 03-8716847-4 SBR/TR No. SSC06752ER Branch BACOOR (CC) Date 10-31-1998Billing Month Repayment

Seq. No. SS No. Employee Name Loan Date Amount Reason(For SSS use Only) Type Granted

C 03/09/95 2,511.2 Invalid SS No.C 10/11/90 8,502.5 Loan not found809977 03-5476568-0 ARCILLA, WILSON

Code

23294 03-3175512-8 MENDOZA, FERNANDO

Code

1021707 03-0303030-3 NAVA, ROMEO

List of Unpostables by ER ID No.

Apr. 10, 2002LMU9088R v.01

10-1998


MLAD

Page 1 of 1 MOLMD02

06-1997

MONITORING OF COLLECTION LIST - BY ER ID NO.

LMU9048R v.01 Branch MLAD (MO)

User : MOLMD02

EMPLOYER ID NO.: 03-0036100-9 GRACE CHRISTIAN HIGH SCH

ER BRANCH: QUEZON CITY (C6)

Billing Month

SBR/ TR NO.

SBR/ TR DATE

Amt. PaidBch No. User ID

Trans. Date

Encode Date

Post Date

StatusInput

Source

03-2002 448298BZ 04-02-02 99,424.69 1790 CXLMU01 04-04-02 04-09-02 Balanced Col. List02-2002 130035 03-05-02 103,725 1793 CXLMU01 04-04-02 04-05-02 04-09-02 Posted Col. List01-2002 090067 02-04-02 97,974.69 1793 CXLMU01 04-04-02 04-05-02 01-31-02 Posted Col. List12-2001 810551BX 10-30-02 373.34 1550 CXLMU01 01-17-02 01-30-02 01-30-02 Posted Col. List12-2001 810552BX 01-03-02 96,128.15 1550 CXLMU01 01-17-02 01-29-02 01-23-02 Posted Col. List11-2001 080063 12-04-01 97,201.49 1547 CXLMU01 01-17-02 01-22-02 02-18-02 Posted Col. List10-2001 080056 11-05-01 97,201.49 1547 CXLMU01 01-17-02 01-18-02 10-11-01 Posted Col. List09-2001 080022 10-03-01 97,099.09 1216 CXLMU01 10-04-01 10-08-01 10-11-01 Posted Col. List08-2001 040024 09-04-01 98,016.18 1220 CXLMU01 10-04-01 10-08-01 10-11-01 Posted Col. List07-2001 120073 08-03-01 94,215.18 1220 C6LMD05 10-04-01 10-09-01 07-18-01 Posted Col. List06-2001 160077 07-04-01 94,115.64 5552 C6LMD05 07-12-01 07-17-01 07-17-01 Posted Col. List05-2001 170017 06-04-01 94,871.86 5552 C6LMD05 07-12-01 07-13-01 07-17-01 Posted Col. List04-2001 010024 05-04-01 96,506.86 5552 C6LMD05 04-21-01 07-13-01 05-28-01 Posted Col. List03-2001 170086 04-02-01 95,563.51 4602 C6LMD03 04-03-01 04-21-01 04-17-01 Posted Col. List02-2001 896131BQ03-01-02 92,763.51 4602 C6LMD04 04-03-01 04-21-01 04-17-01 Posted Col. List

LIST OF PAYMENTS BY EMPLOYER ID NUMBER

Mar. 22, 2002LMU9178R v.01

BORROWER INFORMATIONSS Number 33-1429737-3 Employer ID No. 77-777777-7Borrower Name GATAPIA JOANNE CHRISTIN S Employer Name Borrower Address c/o PCI Bank Employer Addrees

Postal Code Postal Code

LOAN INFORMATIONLoan Amount 10,000.00 PAST DUELoan Type salary Principal : 13.161,404.02

Interest : 0.00200.00Date Granted 03-28-2001 Penalty : 5.1828.35Loan Term 24 months CURRENT DUE

Principal : 0.00416.67Monthly Amort. 466.67 Interest : 0.0050.00First Amort. Month 07-01-2001 TOTAL AMOUNT DUE…….…P 2,099.04

AMOUNT NOT YET DUE….…P 6,249.97 TOTAL AMOUNT OBLIGATION ………P8,349.01

STATEMENT OF ACCOUNTAS OF MARCH 22, 2002

Page 1 of 1 MOLMI09


MLAD

STATEMENT OF ACCOUNT - EE

CREDITED PAYMENTS

POST DATE SBR/TR NO. SBR/TR DATE FORM ER ID NO. AMOUNT Remarks

07-16-2001 140197 06-29-01 77-7777777-9 262.66

02-04-2002 497256BS 07-24-01 SBR 466.67

02-04-2002 872023BO 08-31-01 SBR 466.67

02-04-2002 060208 10-05-01 466.67 02-04-2002 060209 10-05-01 466.67

TOTAL 2,129.34

CERTIFIED CORRECT: ____________________________ SIGNATURE OVER PRINTED NAME

(NOTE: If there are payments made, please submit proof of payment to update your record)

STATEMENT OF ACCOUNT - EE

To determine if loan payment is up-to-date:

Total amount due Monthly amortization

2,099.04

466.67

= < 6.10% = 4.50%

SUBSIDIARY LEDGER -EEJan. 17, 2000LMU9158R v.01

BORROWER INFORMATION

SS Number 03-3338328-7 Employer ID No. 04-0962854-6

Borrower Name LARIOS, MINERVA E. Employer Name COLEGIO DE SAN JUAN

Borrower Address 94 C QUIRINO AVE BAESA Employer Addrees CALAMBA, BULACAN

QUEZON CITY LAGUNA

Postal Code 1105 Postal Code 1105

LOAN INFORMATION

Loan Amount 9,000.00 Interest Rate 8%

Loan Type salary Monthly Amort. 420.00

Date Granted 10/20/1997 First Amort. Month 01-01-1998

Loan Term 24

months Last Amort. Month 12-01-1999

EMPLOYEE SUBSIDIARY LEDGER

Page 1 of 1 MOLMI09


MLAD

CREDITED PAYMENTS

POST DATE

SBR/ TR DATE

SBR/ TR NO.

ER ID NO.Amt. Paid

Pen. Int. Prin.Actual Bal./ Sch.

Exp. Mos.

10-28-99 04-17-98 162210 04-0962854-6 1,260 0.00 135.00 1,125.0 7,875.0 3

7,875.0

10-28-99 04-30-98 174614 04-0962854-6 420.00 0.00 45.00 375.00 7,500.0 3

7,875.0

10-28-99 05-28-98 174777 04-0962854-6 420.00 0.00 45.00 375.00 7,125.0 4

7,500.0

10-28-99 06-29-98 174975 04-0962854-6 420.00 0.00 45.00 375.00 6,750.0 5

7,125.0

10-28-99 07-31-98 174992 04-0962854-6 420.00 0.00 45.00 375.00 6,375.0 6

6,750.0

10-28-99 08-01-98 040194 04-0962854-6 420.00 0.00 45.00 375.00 6,000.0 7

6,375.0

10-28-99 09-30-98 680528 04-0962854-6 420.00 0.00 45.00 375.00 5,625.0 8

5,000.0

10-28-99 10-29-98 687690 04-0962854-6 420.00 0.00 0.00 75.00 7,050.0 9

5,583.0

10-28-99 11-27-98 976355 04-0962854-6 420.00 0.00 45.00 375.00 7,875.0 105,250.0

SUBSIDIARY LEDGER -EE

Priority in the application of payment will be as follows:

1st Priority - Penalty

2nd Priority - Interest

3rd Priority - Principal

1) Resigned

2) Terminated

3) With Final Claim- Death, Total Disability and Retirement

4) Retrenched

REMINDER TO EMPLOYERS:

Indicate in the “remarks column” of the collection lists member-borrowers' employment status and to indicate “date” after the status:

DELINQUENCY

Monitors Employer and Employee Delinquency

Employer Should Notify SSS On Their Employees’ Employment Status Supported With Any Of The Following Documents:

- R3’s duly received by SSS

- Quit Claims

- Resignation Letters

- Affidavit of separated EEs duly notarized• Indicate the SSS number, names of employees

and date of separation, termination, etc.

U P D A T E SU P D A T E S

Salary Loan Early Renewal Salary Loan Early Renewal ((SLERPSLERP) )

1

Guidelines on the Assistance for SSS Guidelines on the Assistance for SSS Members/Pensioners affected by Members/Pensioners affected by

Typhoon “GLENDA”Typhoon “GLENDA”

SSC Resolution Nos. 647-s.2014

dated 24 July 2014under

CIRCULAR No. 2014-012CIRCULAR No. 2014-012

Office Order No. 2014-040Office Order No. 2014-040dated

28 July 2014

SSALARY ALARY LLOAN OAN EEARLY ARLY RRENEWAL ENEWAL PPROGRAM ROGRAM ((SLERPSLERP))

Program will allow member-borrowers Program will allow member-borrowers to renew their salary loan earlier than to renew their salary loan earlier than the prescribed date.the prescribed date.

Granting of new salary loans with Granting of new salary loans with waived service fee.waived service fee.


ELIGIBLE APPLICANTS:Members who have at least 3636 monthly contributions (one-month loan) or 7272 monthly contributions (two-month loan), six (66) of which should be posted within the last 12 months prior last 12 months prior to the month of filing of application.

Borrowers who availed of the penalty condonation program. The sanctions for loan renewal sanctions for loan renewal under the condonation program shall be liftedlifted.


TERMS & CONDITIONS:

Availment period is up to 31 October 201431 October 2014.Service fee Service fee of one percent one percent (1%) shall be waivedwaived.Interest rate Interest rate of ten percent ten percent (10%) per annum until fully paid, basedbased on diminishing principal balancediminishing principal balance, and shall be amortized over a period of 24 months.

o If the loan is not fully paid at the If the loan is not fully paid at the end of the term, interest shall end of the term, interest shall continue to be charged on the continue to be charged on the outstanding principal balance until outstanding principal balance until fully paid.fully paid.


TERMS & CONDITIONS:

The net amount net amount of the loan shall be the differencedifference between the approved loan amount approved loan amount and the previous previous loan balanceloan balance.PenaltyPenalty of one percent one percent (1%) per month on loan remittance not remitted on due date shall be imposed.Repayment term Repayment term shall be two (2) years.

Declared Calamity Areas by the Declared Calamity Areas by the NNational ational DDisaster isaster RRisk isk RReduction & eduction & MManagement anagement CCouncil ouncil ((NDRRMCNDRRMC))

REGION PROVINCE / CITY / MUNICIPALITY

III OBANDO, BULACAN

IV –A

CAVITELAGUNARIZALTAAL, BATANGASCUENCA, BATANGASSTA. TERESITA, BATANGASLAUREL, BATANGASLEMERY, BATANGASSAN NICOLAS, BATANGASPADRE GARCIA, BATANGASIBAAN, BATANGASMALVAR, BATANGASBATANGAS CITYQUEZON

Declared Calamity Areas by the Declared Calamity Areas by the NNational ational DDisaster isaster RRisk isk RReduction & eduction & MManagement anagement CCouncil ouncil ((NDRRMCNDRRMC))

REGION PROVINCE / CITY / MUNICIPALITY

V

ALBAYCAMARINES SURTIGAON, CAMARINES SURBULA, CAMARINES SURNAGA, CITY

VIII SAMAR

NCR MUNTINLUPA

Declared Calamity Areas by the Declared Calamity Areas by the NNational ational DDisaaster isaaster RRisk isk RReduction & eduction & MManagement anagement CCouncil (ouncil (NDRRMCNDRRMC))

All other areas which may be declared under a state All other areas which may be declared under a state of calamity by the NDRRMC.of calamity by the NDRRMC.

Checks shall be sent to the SSS branch where the Checks shall be sent to the SSS branch where the member filed their application.member filed their application.o The SSS branch shall allow The SSS branch shall allow

personal release of the checks, personal release of the checks, subject to usual presentation of subject to usual presentation of required documents, within ten required documents, within ten (10) working days from receipt (10) working days from receipt otherwise the same shall be otherwise the same shall be mailed.mailed.

SALARY LOAN RELEASES SALARY LOAN RELEASES THRU THE BANK THRU THE BANK

((SSS Citi - Prepaid CardSSS Citi - Prepaid Card))

2

SL Thru-the-Bank SL Thru-the-Bank ((SSS Citi Prepaid SSS Citi Prepaid CardCard))

55

SSC Resolution No. 208-s.2012 dated 08 March 2012

MOA was signed and entered into between SSS and CITIBANK last 31 August 2012

Pilot implementation in two (2) branches: SSS Diliman SSS Makati Gil Puyat

March 7 – July 2014

56

The SSS Citi Prepaid Card is a stored value card that gives you the ability to pay for your purchases in different merchant establishments and access your money from Automated Teller Machines (ATM) using a pre-funded account from a partner or an affiliated organization.


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Provide convenience and flexibility to the members.

The salary loan proceeds shall be credited to Prepaid Cards issued to member-borrowers instead of checks.

No need to open a bank account or visit check-cashing location.

Provide a safer, faster and more efficient scheme for loan releases.

SL Thru-the-SL Thru-the-Bank Bank ((SSS Citi Prepaid SSS Citi Prepaid CardCard))Benefits of the card:Benefits of the card:

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Funds available immediately (2-3 days from 2-3 days from loan approvalloan approval).

It can be used in any ATM or establishment in the Visa network around the world.

Provides option to SSS member-borrower to receive salary loan thru Citibank Prepaid Card.

• Instant issuance of active Prepaid Card to member who will avail of the Prepaid Card option.

Prepaid Card cancellation or termination and reporting of lost card is thru Citi Customer Service.


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Over-the-counter cash withdrawals in Citi branches are not allowed (electronic–only service).

SSS Citi Prepaid Card is free.• Php60 for the plastics issuance and Php30 for the

loading fee. A total of Php90 per SSS member.

The validity of Prepaid Card is three (3) years.


OTHER ISSUES OTHER ISSUES & &

CONCERNSCONCERNS

3

OTHER ISSUES & CONCERNSOTHER ISSUES & CONCERNS

SALARY LOAN EARLY RENEWAL (SALARY LOAN EARLY RENEWAL (SLERPSLERP))o Cancelled checko Prior loan deduction

FLAG CLEARINGFLAG CLEARINGo Non-filing / non-receipt

TRANSFER OF LOAN FROM CANCELLED TO RETAINED TRANSFER OF LOAN FROM CANCELLED TO RETAINED SSS NUMBERSSS NUMBER


TRANSFER OF LOAN FROM CANCELLED TO RETAINED TRANSFER OF LOAN FROM CANCELLED TO RETAINED SSS NUMBERSSS NUMBER

INVALID LMS / LG TRANSACTIONINVALID LMS / LG TRANSACTION

NOT EMPLOYEE OF CERTIFYIMG EMPLOYERNOT EMPLOYEE OF CERTIFYIMG EMPLOYER


CONDONATION PROGRAMCONDONATION PROGRAM

• EMPLOYER ((January 2011 to June 2011January 2011 to June 2011))

Employer Delinquency Report under the Penalty Condonation Program

Notice of Approval Promissory Note


CONDONATION PROGRAMCONDONATION PROGRAM

• INDIVIDUAL (02 April 2012 to 30 September 2012)

Employer Delinquency Report under the Penalty Condonation Program

Notice of Approval Promissory Note

END OF END OF PRESENTATIONPRESENTATION

training workshop on accounts management

Government & Nonprofit

monthly contributions

month loanonemonth loan

month loantwomonth loan

grantedthe memberborrower

lump member loans department

month of filing ofprior

loan remittances

ferrer sss number