The Authorization Letter to Deduct SSS Loan is a crucial document in Singapore's employment landscape, designed to facilitate the repayment of SSS loans through systematic salary deductions. This document becomes necessary when an employee has taken a loan from the Social Security System and chooses to repay it through regular salary deductions. It provides legal protection for all parties involved and ensures compliance with Singapore's employment and data protection laws. The authorization letter includes specific details about the loan amount, deduction schedule, and terms of repayment, while also incorporating necessary safeguards for both employer and employee.
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1. Employee Information: Full name, ID number, employee number, and contact details of the employee authorizing the deduction
2. Loan Details: Loan reference number, total amount, and repayment terms
3. Deduction Authorization: Explicit consent statement authorizing salary deduction, including specific amount and frequency
4. Payment Details: Account information and payment scheduling information
5. Declaration: Statement of understanding and agreement to terms, including signature block
1. Emergency Contact: Alternative contact person's details for situations when the employee cannot be reached
2. Early Termination Clause: Procedures and terms for early loan repayment or employment termination scenarios
1. Repayment Schedule: Detailed breakdown of payment dates and amounts over the loan period
2. Loan Agreement Reference: Copy or reference details of the original loan agreement
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