COMPUTER-generated payment reference numbers (PRNs) will be required for short-term loan payments starting April 1, state fund Social Security System (SSS) said.
Billing months to be covered by this system will be from March and onwards.
The PRN – a system-generated number corresponding to an individual member’s loan billing statement (self-employed, voluntary, Overseas Filipino Worker) or employer – helps facilitate the immediate and correct posting of loan payments on their matching loan accounts.
SSS President and Chief Executive Officer Aurora Ignacio said SSS started to implement the use of PRNs for short-term member loan payments last year as part of the fund’s Real-Time Processing of Loans (RTPL) program. Transactions covered by the system include salary, calamity, emergency, and restructured loans.
“Since November 2020, we have been sending loan billing notices to member-borrowers and employers. This loan billing statement or notice contains a corresponding PRN, which individual members and employers must present when paying at SSS branches with Automated Tellering System (ATS) or any RTPL-compliant collecting partner,” Ignacio said.
From the first to sixth day of every month, SSS generates loan billing statements and notices with PRNs sent to individual members and employers via email and registered mobile numbers.
When paying, individual members or employers can either print out a copy or capture a screenshot of the PRN Loans Statement of Account with the corresponding barcode, accessed through the “RTPL PRN” module of their My.SSS accounts that are found on the SSS website (www.sss.gov.ph). They may also present the SMS of loans PRN received from the SSS.
Aside from SSS branches with ATS, loan payments with PRN of individual members and employers are also accepted through RTPL-compliant partners, Security Bank, and Union Bank of the Philippines.
Non-PRN loan payments—including those from employers via the Electronic Data Interchange Net facility—will be accepted only until March 31, through SSS collecting partners (bank or non-bank) that are not yet compliant with the RTPL system requirements and SSS branches with ATS.(SSS)
