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The Pan-Arabia Enquirer

The Pan-Arabia Enquirer

Sss Salary Loan Agreement

Sss Salary Loan Agreement

SSS confirmed this in response to my article “SSS is a member punished for its mistakes and employers` mistakes” (Gotcha, April 27, 2020). With such a rule, the employee`s loan would be over, wouldn`t it? “To repeat it again, I took the regularity that SSS performed its function, because: (a) As it confirmed, it is the employer`s responsibility to withdraw.” First of all, it is the employer`s responsibility to deduct the outstanding amount from the credit balance of his outgoing employee. The employer must pay the amount and inform SSS of the employee`s departure. If the amount was deducted from the employee`s separation allowance, there is any evidence that the amount transferred was the employee`s outstanding loan balance, that he paid his SSS loan in full. The employer must provide proof of credit transaction (SSS ML2 Payment Forme) and loans Collection List (LCL) with the employee`s name as proof of payment. Otherwise, the credit will continue to be subject to interest and penalties. “(1) SSS stated that it was the `employer`s responsibility to deduct the outstanding amount from the credit balance of the resigning employee`.

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