SSS to release pensions, 13th month pay for pensioners on 1st week of December

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SSS to release pensions, 13th month pay for pensioners on 1st week of December
SSS thumbnail SSS building

The Social Security System (SSS) on Friday said it is set to release the December pension and 13th month pay of pensioners on the first week of December.

SSS president and chief executive officer Aurora Ignacio said the company will release P27.5 billion for the pensions of 3.14 million pensioners.

“We have coordinated with our partner banks to credit the pensions on given dates during the first week of December so that our pensioners can receive and use them in time for the holiday season,” she said.

The SSS said pensioners whose disbursement account is with a Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating bank or e-wallet, or remittance transfer company/cash payout outlet will get their pensions on the following days:

  • December 1: for those with date of contingency from first to 15th day of the month; and
  • December 4: for those with date of contingency from 16th to the last day of the month or availed of the advance 18 months pension.

 

“Meanwhile, for pensioners whose disbursement account is with a non-PESONet participating bank, their 2021 December and 13th month pensions will be credited to their accounts not later than December 4, 2021,” the SSS said.

For pensioners still receiving their pensions by check, the SSS said it asked the Philippine Postal Corporation to expedite the delivery of their December and 13th month pensions.

“For those whose pensions were suspended due to previous non-compliance with the Annual Confirmation of Pensioners Program (ACOP) but whose accrued pensions are now for resumption, they will receive the said pensions on the 16th day of the month (if with PESONet participating bank disbursement account) or on their date of contingency (if with non-PESONet participating bank disbursement account),” SSS said. —KG, GMA News

 

This article SSS to release pensions, 13th month pay for pensioners on 1st week of December was originally published in GMA News Online.

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