The Social Security System (SSS), through the Development Bank of the Philippines, has already released the December pension and 13th month bonus of pensioners, amounting to P25.2 billion, that will be credited to their bank accounts starting Dec. 1 but not later than Dec. 4.
“We are happy to inform our pensioners that they will be receiving their 13th month bonus earlier than our usual schedule, which is usually released every 7th of December. We have allocated P25.2 billion for their bonus, including their December pensions,” SSS President and Chief Executive Officer, Aurora Ignacio, said in a press statement Friday, Nov. 27.
Pensioners with PESONet, or Philippine Electronic Fund Transfer System and Operations Network participating bank accounts, e-wallets such as PayMaya or cash pick-up arrangement via DBP Cash Padala through MLhuiller, will receive their pensions in two batches.
Pensioners with contingency dates from 1st to 15th day of the month would receive their regular pensions and 13th-month pensions on Dec. 1, while those with contingency dates from the 16th to the last day of the month will receive their regular and bonus pensions on Dec. 4, the SSS said.
However, those with advance 18-month pensions and accrued ACOP-suspended pensions will receive their 13th-month pensions on Dec. 4 and Dec. 16, respectively.
ACOP stands for Annual Confirmation of Pensioners Program that was suspended by SSS earlier due to the rising cases of coronavirus disease 2019.
Ignacio also said that SSS earlier requested the non-PESONet participating banks to credit the December and 13th-month pensions to pensioners’ accounts, including those who availed of the advance 18-month pension, not later than Dec. 4, while pensioners with accrued ACOP-suspended pensions will receive their 13th month pension on their contingency dates, which will be credited starting Dec. 3.
SSS has also coordinated with the Philippine Postal Corporation (PhilPost) to prioritize the delivery of checks to the pensioners so they could enjoy their pension benefits before the holiday season.
“The early crediting of December pensions, especially the second batch of PESONet account holders, allows our pensioners to have additional budget for them to spend on during the holidays and for their other personal needs,” Ignacio added.
Pension crediting for PESONet accounts and other checkless disbursement methods for the succeeding months will still follow the new pension disbursement schedules, which are released every 1st and 16th day of the month, while non-PESONet participating banks will still be credited according to contingency dates.
For more information and updates, follow SSS on Facebook at “Philippine Social Security System”, Instagram at “mysssph”, Twitter at “PHLSSS”, or join its Viber community at “MYSSSPH Updates”.
