The Social Security System (SSS) has announced a moratorium on housing and member loan payments and lower interest rates for borrowers in areas devastated by Super Typhoon Yolanda, while calamity-stricken employers are given an extended payment deadline for their monthly contributions.

“Employers are required to remit contributions only for the months that their business has been actively operating. Because of the destruction wrought by Yolanda, we understand that employers in the typhoon-stricken areas have had to stop operations,” the SSS explained in a statement.

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