Published March 10, 2021, 5:30 AM
State-run Social Security System (SSS) asked its members and covered employers to ensure the correctness and validity of their disbursement accounts when enrolling in the Disbursement Account Enrollment Module (DAEM) through the My.SSS portal.
In a statement, Aurora C. Ignacio, SSS president and chief executive said on Tuesday, March 9, that incorrect input of account number or uploaded proof of account will result in the rejection of disbursement account enrollment application.
“We urge our members and covered employers to triple-check the information they have entered before submission to the SSS to avoid inconveniences in their disbursement account enrollment,” Ignacio said.
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Published January 22, 2021, 5:00 AM
State-run Social Security System (SSS) warned that the suspension of the scheduled increase in member-contribution will considerably strain the already dire financial position of the pension fund.
During the House Committee on Government Enterprises and Privatization hearing, SSS President and Chief Executive Officer Aurora C. Ignacio strongly opposed all pending bills seeking to defer or altogether stop the implementation of the contribution hike.
Aurora C. Ignacio, SSS president and chief executive
Ignacio said these House measures, which aim to overrule the Republic Act No. 11199 otherwise known as the Social Security Act of 2018, “tend to weaken, rather than strengthen” the SSS.
Social Security System (MANILA BULLETIN FILE PHOTO)
In a statement, SSS said that pensioners whose date of contingency is from the first to the 15th day of the month and are receiving their pensions through PESONet banks, e-wallets, or MLhuillier, already had their January 2021 pensions credited to their accounts last Tuesday, Dec. 29.
According to SSS, the first batch of January 2021 pension releases covers 1.5 million pensioners with combined pensions for the month amounting to around P6.3 billion.
“The SSS understands that pensioners rely on their SSS pensions for their financial needs. Thus, it made sure that the said pensions were credited as early as the said date to avoid delays in considering the coming non-working and regular holidays and weekend,” the state-run pension fund said.
Published December 29, 2020, 2:09 PM
State-run Social Security System (SSS) is set to implement a one-percent hike on its members’ monthly contribution starting January 2021 in a bid to ensure an increase in benefits and pension fund viability.
In a statement on Tuesday, SSS President and CEO Aurora Ignacio said the monthly contribution rate will increase to 13 percent from the current 12 percent of their respective salaries, but not to exceed the prescribed maximum monthly salary credit (MSC).
This was after Ignacio recently signed SSS Circulars No. 2020-033-b, 034-b, 035-b, 036, and 039 which stated the new contribution schedule.
“We understand the plight of our covered employers and members, but it is our duty to ensure the longevity of the SSS fund entrusted to us, to allow the continuous delivery of meaningful social security protection to our current and future members, as well as their beneficiaries,” she said.