100 4Ps beneficiaries enroll for unique SSS savings program

POSTED: Monday, May 12th, 2014

 

CALAPAN CITY – A local government unit in Oriental Mindoro has initiated and launched recently a micro-savings program in a joint undertaking with the Social Security System (SSS) and Department of Social Welfare and Development (DSWD) which is designed for informal workers seeking social protection.

 

In a simple launching ceremony held at Pola, Oriental Mindoro, Mayor Leandro Panganiban Jr. led SSS and DSWD officials in the said province in launching “AlkanSSSya” with 100 Pantawid Pamilya or 4Ps beneficiaries who are new members of the said savings program.

The project, a collaboration project between the LGU of Pola, DSWD Region IV – MiMaRoPa office and SSS, is a saving scheme that helps informal workers saves up for their SSS contribution through the use of “piggy bank” cabinets.  Beneficiaries are encouraged to deposit an amount on a daily basis until they come up with the P320 monthly contribution.

Isa po itong malaking tulong, at isang maluwag na pamamaraan upang magkaroon ng access sa insurance ang ating mga kababayaran dito sa Pola,” said Mayor Panganiban, who signed the memorandum of agreement (MOA) with DSWD and SSS in taking accountability for the safekeeping of the aluminum cabinets in Pola municipal office there.

Roberto Marcelo, branch manager of SSS in Oriental Mindoro, said the project will be able to give easy access to all informal workers in gaining insurance protection without the burden of having to give out P320 contribution at once.  He added SSS team will take full responsibility of assuring the amount is deposited monthly.  Members can also avail of salary and housing loans, as well as funeral, maternity, disability, death and retirement benefits.

The event was also attended by SWAD team leader Miramelinda Leuterio, DSWD IV MIMAROPA External Relations Officer Maritess Pones and Municipal Social Welfare Officer Remedios Fegalan.

Pola is the first municipality in Oriental Mindoro that adopted the unique project and is expected to soon be replicated in other municipalities of the province.(By JUANCHO R. MAHUSAY)

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