‘AlkanSSSya’ program launched in Baguio market-A A +A
Wednesday, September 4, 2013
THE Social Security System (SSS) recently launched the AlkanSSSya program in Baguio City for its public market vendors.
The program is a micro savings program designed for the self-employed and informal sector workers who wish to enroll with the government-run insurance system.
Mayor Mauricio Domogan, Councilor Elaine Sembrano and SSS AVP Josie Magana, OIC-Luzon Operations Group, AVP Luis Olais, Head, Luzon North Division and SSS Baguio Branch head Benjamin Lopez spearheaded the soft launching of the program to three market vendors associations.
The market vendors were represented by FABVAI president Nenita Querido, Block 3 vendors president Ada Alvarado and BASSVEMPCO president Feliciano Agaton. They were the first to enroll with the program.
The number of enrollees for the program is yet to be determined.
Cabinet-like piggy banks will be used to help its members save-up on premiums and eventually reach P312 needed as monthly due.
The program offers a convenient remittance for market vendors who could drop as low as P10 to P20 per day in designated coin slots in a secured metal cabinet "alkansssya."
The individual savings inside the coin slot will then be counted at the end of every month and credited to each member’s personal SSS account.
According to SSS, the P10 or P15 savings a day will already be sufficient to cover for their monthly dues.
AlkanSSSya members will be issued a unified identification card which they can use when transacting business.
The scheme allows members under this program to enjoy the same benefits of a regular SSS contributor.
Members who complete at least three months in contributions can enjoy a sickness and maternity benefit, 36 months contributions can avail of disability and salary loan benefits and 120 months contributions entitles the member to retirement benefits.
A member who has paid only for a month and dies is still entitled to a burial benefit.
"Market vendors should already grab this opportunity to ensure savings for themselves and their loved-ones," Domogan said. "The alkansssya program of the SSS demonstrates a 'self help' program suited to help people help themselves through savings."
"It shows the importance of saving for our future and this program is a big help for the informal sector by giving them a system that works," he said. (Paul Rillorta)
Published in the Sun.Star Baguio newspaper on September 05, 2013.