SSS Set To Release Pensions, 13th Month Pay Of Pensioners On 1st Week Of December 2021

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The SSS was set to release pensions and 13th month pay of pensioners on the first week of December 2021.

SSS — On Friday, the Social Security System said that it was set to release the December pension and 13th month pay of pensioners on the first week of December 2021.

SSS
Photo source: ABS-CBN News

According to SSS president and chief executive officer Aurora Ignacio, the company will release PHP 27.5 billion for the pensions of 3.14 million pensioners.

Ignacio also said that they have coordinated with their partner banks in order to credit the pensions on given dates during the first week of December so that pensioners can receive and use their pensions in time for the holiday season.

In addition, the Social Security System said that pensioners whose disbursement account was with a PESONet (Philippine Electronic Fund Transfer System and Operations Network) participating bank or digital wallet, or remittance transfer company or cash payout outlet, will get their pensions on the following days:

  • December 1, 2021 for pensioners with a date of contingency from first to 15th day of the month
  • December 4, 2021 for pensioners with a date of contingency from 16th to the last day of the month or availed of the advance 18 months pension.

READ ALSO: Workers & Entrepreneurs Urged SSS & PhilHealth to Cancel Contribution Hike

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

The Social Security System also said that for pensioners still receiving their pensions by check, the company asked the Philippine Postal Corporation to expedite the delivery of their December and 13th month pensions.

Moreover, the Social Security System said that for pensioners whose pensions were suspended because of the previous non-compliance with the ACOP (Annual Confirmation of Pensioners Program) but whose accrued pensions were for resumption, they will receive the said pensions on the following dates:

  • on the 16th day of the month if their disbursement account was with a PESONet participating bank
  • on their date of contingency if their disbursement account was with a non-PESONet participating bank

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