The Social Security System (SSS) is fast-tracking plans to roll out relief measures for over 40 million members and employers affected by rising oil prices.

SSS President and CEO Robert Joseph De Claro said the agency is studying the implementation of a loan moratorium for members and a penalty condonation program for employers with unpaid contributions.

The proposed measures aim to provide immediate financial relief to those struggling amid the ongoing crisis.

The SSS is also considering extending contribution payment deadlines for both employers and individual-paying members to help ease financial burdens.

De Claro said the agency recognizes the economic challenges faced by many Filipinos and is working to balance immediate assistance with the long-term sustainability of the SSS fund.