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Resigning? SSS Will Deduct Your Loan Balance from Your Last Pay

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The purpose of this article is to inform the public about this policy of the Social Security System (SSS), the government-owned insurance company for those employed in the private sector.

I just learned about this a few months ago when my company announced a workforce reduction program. Among the sad discussions is about this policy of SSS regarding loans in cases of resignation or retrenchment. Section G-2 of the SSS Loan Terms and Conditions (at the back of the loan application form) explicitly says the following:
"The employer shall deduct the total balance of the loan from any benefit/s due to the employee and shall remit the same in full to SSS, in case the member-borrower is separated voluntarily (e.g., retirement or resignation) or involuntarily (e.g., termination of employment or cessation of operations of the company)."


In other words, you will be required to pay the rest of your loan (including the interest) when you change employer or employment status. If your las…

Taiwan is Visa-Free to Filipinos Starting November 1, 2017

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Good news to all! Taiwan will now be visa free to Filipinos visiting the island state for the purpose of tourism, visiting friends, attending conferences, or business and the like. This visa-free policy will start November 1, 2017 and will be on trial until July 31, 2018. Filipino travellers under this policy can stay up to 14 days.



PROMO: 40% Off on PAL Flights

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Citibank and Philippine Airlines (PAL) teamed up to give Citibank Philippines card holders a massive discount on their flight fares early next year. The discount is up to 40% of the round trip fare to some of PAL's international destinations including Japan, London, Los Angeles and New York.

Finally, Sun Cellular Has LTE; Upgrade for FREE!

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After five long years after SMART and Globe launched the country's first LTE networks, PLDT-owned Sun Cellar was able to finally catch up. Yes, starting this month of October, Sun prepaid subscribers may now be able to access PLDTs LTE network promising up to 42Mbps of mobile internet speed.


SUSPENDED: Classes and Government Work Tomorrow, Tuesday, October 17, 2017

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[Updated: Oct. 17, 2017, 12:50AM] Reversing its earlier announcement that classes and work will resume tomorrow, Malacanang Palace just announced that school classes on all levels as well as all government offices under the executive branch of the government are still suspended tomorrow, October 17, 2017. The reason for the cancellation is the continued nationwide protest lead by transport groups opposing the government's plan of "Jeepney modernisation"