SSS eyeing 500-hectare land at Clark for its investment project

CLARK FREEPORT – Social Security System Chairman Dean Amado Valdez said Saturday that the SSS is planning to put-up some investment, perhaps in the manufacturing industry in this Freeport as part of the agency long term program.

“We’re finalizing plans and hoping to meet with the Bases Conversion and Development Authority and Clark Development Corporation to discuss SSS intention in putting up investment at Clark,” said Valdez on the sideline of the Gawad Parangal for SSS partners Central Luzon Division 1 held at the Midori Hotel and Casino.

Valdez said his team is eyeing to build a manufacturing of aircraft spare parts either from the main zone or sub-zone of the Freeport. “We’re looking for 500-hectare lot where we could build a manufacturing plant for aircraft spare parts.”

The project, Valdez said is already in the pipeline and we’re just waiting for the BCDA and CDC for the formal talks.

For our short term program, he added, SSS is working for a major improvement specifically focusing on the posting of contribution in real time. “Kung nagbayad na, doon sa central records namin kaagad magri-reflect na.”

Valdez admitted that SSS is still on the process of fine tuning the system particularly on the posting of member contribution. He said this is the reason why an ordinary employee cannot check his or her contribution or if the contribution is up to date.

“Real time posting of member contribution is advantage for an ordinary employee. Masisita nito ang kanyang employer kapag nakita na hindi pa nagbayad. Particularly those paying quarterly,” Valdez told reporters adding that SSS will initiate changes that will be favorable for employers.

SSS, Valdez said will launch pre-membership registration at the very young age of 15. “Ibig sabihin nito, hindi ka pa employed or wala ka pang trabaho ay naka-register ka na.”

“The plan is still under study if we’re going to register 15 years old.” Valdes said.

Valdez also announced that SSS is planning to adopt a pre-approve loan scheme that would qualify for consistent and on time paying members for another loan without going to file their application to the SSS office.

“For example, ilalagay natin sa policy na those who have paid for three months or members of SSS for the required number of months are entitled for a pre-approved loans for three months,” Valdez explained.

He said this scheme would avoid the long queue for loan applicants as members will just check their loans through their respective bank accounts. Banks that will delay the release of cash loan will be charge with three percent of the amount.

“All these are part of the SSS short term program under our e-service,” said Valdez. –Jess Malaabanan

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