wasnt able to post this last Friday or the weekend because i had a bit of a to-do last Friday, which carried over my weekend. anyways, here it is.
HTT proposes to retire the sss loan program. The basis being that it is a difficult program to administer, with too many members not paying, thinking they would just wait for the loan to be deducted from their retirement benefits, forgetting that the interest and penalties will continue.
*sigh* if only people will pay. still since the first condonation, people think SSS will keep condoning the loans. I think SSS will NOT. not anymore. so, if people will pay, and pay regularly, then SSS need not retire this option. some people need money quick, and SSS does grant loans quickly - for good payers.
i for one, want SSS to continue giving out loans. sometimes, people need money now, and cant wait for retirement.
Click here to read HTT's column on Retire-the-sss-loan-program
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