MERGED: SSS queries (application, requirement, loans, ID)

[Eddie.Garcia]

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OT: just wanna express my appreciation, I love my SSS unified ID...

[antonette.zapanta]

i had my ss number almost 3 yrs na but due to curiosity and my co.employees registering online checking their contributions so i tried mine but then i couldn't register online it says discrepancy in first,middle and last name. So i went to sss to check, turns out the number they gave me wasn't mine but sombody else's. To make the story short i discovered that it was the fault of the sss employee who typed number they said that he/she mistakenly forgot to erase the number of the person falling in line ahead of me. Interchanging my number with the other person. How very unprofessional!!! Also, my original account, somebody else is also using it somebody working from all fresh foods inc is remitting in my account. Lesson learned jd ni grabe almost 3 yrs nko ss member og wa ko nagpakabana og log.in online i wouldn't have known that my sss account is a MESS!!! Not to mention that almost all of us in our company only have one posting for last year only for the month of january. How can we improve when the simplest things like encoding a f*****g number is just so hard to do it correctly.

[franzziss]

Maayo gyud mo register naka sa online para makabalo ka kung naa problema imong SSS noh? Same as mine, naa daw discrepancy akong first name. Gi pa check nako sa among messenger sa SSS, naka register didto kay FRANCISL, nadungagan ug L ang first name... Tsk tsk tsk, dili man tarungon pag encode gud...

i had my ss number almost 3 yrs na but due to curiosity and my co.employees registering online checking their contributions so i tried mine but then i couldn't register online it says discrepancy in first,middle and last name. So i went to sss to check, turns out the number they gave me wasn't mine but sombody else's. To make the story short i discovered that it was the fault of the sss employee who typed number they said that he/she mistakenly forgot to erase the number of the person falling in line ahead of me. Interchanging my number with the other person. How very unprofessional!!! Also, my original account, somebody else is also using it somebody working from all fresh foods inc is remitting in my account. Lesson learned jd ni grabe almost 3 yrs nko ss member og wa ko nagpakabana og log.in online i wouldn't have known that my sss account is a MESS!!! Not to mention that almost all of us in our company only have one posting for last year only for the month of january. How can we improve when the simplest things like encoding a f*****g number is just so hard to do it correctly.

[antonette.zapanta]

mao jd grabe na sila oi bsag pag.encode dli kabalo.

[jpit]

Ask lng ko guys, if pwde raba mahitabo na ako existing na contribution, as employed kay 900+ for almost 1 year na, nya gusto nako unta dungagan, para maka-abot ko sa maximum contribution monthly para atleast pud puhon taas2x ako pension.. Pwde raba ni?

[KSWISS369]

share lang ko gamay be...unsa ka palpak or typo error or intentional error ning taga SSS.....nag loan ko sa una feb. 2006 worth php 24,000.00. so august 2006 ning abroad ko so wala nako ma tiwas ug bayad ang balance sa sss. ning sugod ko ug bayad pag august 2007 till june 2010......mao ni sa online query nako pag May 2012.


so na bantayan nako nga naa pay balance nga 7.32 mao to akong gi pabayran same month ra May 30, 2012 diara ang recibo...sobra gani akong gi bayad 20pesos....


sus ganiha akong gi check sa online pastilan UTANGAN NA NOON KO UG PHP 54,608.82 sus ulbo akong kaspa oe....pagka bogo ning taga sss.....sumada total wa diay ko kabayad since 2006 till 2013....ahak nalay kuwang.....dili ko ka follow up naa pako sa gawas....hayyyyyy maka hi-blood....

tanawa ang check number 14102959 pariha gyud kaau......
sunod buwan inig uli nako ako ning sulngon ang sss....

[KSWISS369]

mao ning balita last 2012....overcharged gyud...

COA: SSS Overcharged Members By P788.8-M | The Manila Bulletin Newspaper Online

COA: SSS Overcharged Members By P788.8-M

By BEN ROSARIO

November 4, 2012, 9:29pm


MANILA, Philippines --- The Commission on Audit (COA) revealed that the Social Security System (SSS) has overcharged its members by some P788.842 million in advance interest on salary loans in 2011. COA urged the state insurance firm to refund the amount to borrowers.

State auditors claimed that the failure of the SSS to adopt the accepted rule in computing interest for installment payment of loans triggered the excessive imposition. The rule has been set forth under Section X307.2 of the Bangko Sentral ng Pilipinas (BSP) Manual of Regulations.

“We recommend that management calculate interest using the method for normal installment type of credit prescribed by the BSP, and refund the excessive interest collected from borrowers,” COA said in its 2011 Annual Audit report submitted to the SSS.

In the audit report that COA sent to the SSS Commission, State Auditor V Delia D. Agatep noted that a total of P43.23 billion membership loan granted as of December 31, 2011 by the SSS exceeded the “10 percent limit of the Investment Reserve Fund (IRF)” by 38.05 percent or P11.915 billion.

According to the report, 87.15 percent of these receivables “are delinquent, 39.38 percent of which or P18.135 billion are already past due for five years or more, limiting the use of funds to more viable investments.”

State audit examiners said that salary loans granted members are subjected to a nominal 10 percent per annum interest with the first year interest deducted in advance from the proceeds of the loan.

Loans should be paid within two years in 24 equal monthly installments and will carry a one percent per month interest for delayed amortization. A 1 percent service fee will also be deducted from the loan proceeds.

“Management continued to calculate the interest for the first year that is deducted in advance from the proceeds of the loan by simply applying the nominal interest of 10 percent per annum on the loan amount. For the second year the interest on the loan is pre-computed by multiplying the interest rate of 10 percent on one-half of the original loan amount based on the presumption that half of the loan would be paid thru monthly principal amortization for the first 12 months, and the resulting amount is divided into 24 months and added to the monthly amortization,” COA explained.

Auditors said this “practice is not in accordance” with the method of computer interest under the BSP manual.

“The manner of computing was already raised in the previous year for which Management commented that the member Loans Department was in the process of revising the computation of interest on salary loans to be consistent with the method for normal type of credit prescribed by the BSP regulation,” COA stated.

The audit agency lamented that the promised revision has yet to be completed.

“In maintaining the current way of computing interest, the borrower is charged excessive interest by P982.61 for a P20,000 salary loan, if compared with the computing required under the BSP regulation. The rate applied was actually 18.45 and not 10 percent per annum,” the audit report added.

State audit examiners also revealed that another setback in the pre-computed interest for the second year of the loan is “no longer applicable once the monthly loan amortization is not paid on due date and when there are partial payments anytime during and beyond the term of the loan, which already necessitates recalculation of the interest based on the outstanding loan balance at the end of the first year and every month thereafter until fully paid.”

“Since the pre computed interest forms part of the monthly loan amortization, such interest, which is actually due and payable on the second year, is incorrectly recognized as interest income if paid, instead of unearned income, and treated as past due if unpaid and inappropriately charged penalty fee in the first 12 months of the loan,” COA explained.

The audit agency also chided the SSS for imposing a requirement that would force the claimant to present document that would show “he is in dire need of the money.”

“Such requirement is unnecessary and it does not promote a customer service-oriented attitude,” COA said.

With regards to the member loans that have exceeded the 10 percent of the IRF, COA said this rule is provided under Republic Act 8282, yet has been “continuously breached.”

According to COA, as of December 31, 2011, IRF has reached P313.149 billion, of which P31.3 billion should be the limit for investment in membership loans.

“As of the same period, the outstanding loans receivables from members amounted to P43.230 billion, thus exceeding the limit by P11.915 or 38.05 percent,” COA stated.

Auditors said SSS should take a “comprehensive approach in addressing the problem on delinquent accounts to limit member loans at reasonable levels.”

[zeith]

OT: just wanna express my appreciation, I love my SSS unified ID...

unsaun pagkuha sss id?

[tambay_pait]

unsaun pagkuha sss id?

naa ray muhatod tagapost office ana sa inyuha..=)

[derick10]

Hi Storyans,

Nag salary loan q pag april 2008 worth 5k until now wala pako nabayri kay self employed man q den after pag inquire nako sa online ni 9k na dalas penalty. Unsa diay nang condonation program sa sss?

Thanks..