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SSS asks members to ensure validity of account info upon online enrollment

Social Security System (MANILA BULLETIN FILE PHOTO) SSS President and CEO Aurora C. Iganacio, on Tuesday, March 9, warned 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. Members and employers are urged to comply with the following measures for a successful online registration. Upon registration, members and employers must ensure that their bank account is with a Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating bank

SSS issues reminder on disbursement accounts

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.  

SSS releases second batch of February pensions

The Social Security System (SSS) said it released the second batch of February 2021 pension amounting to P5.2 billion through the Philippine Electronic Fund Transfer System and Operations Network (PESONet) and other checkless disbursement channels.

Compulsory use of payment reference numbers for short-term SSS loan payments starts April 1

February 06, 2021 COMPUTER-GENERATED payment reference numbers (PRNs) will be required for short-term loan payments starting April 1, 2021, state fund Social Security System (SSS) said. Billing months to be covered by this system will be from March 2021 and onwards. The PRN, a system-generated number corresponding to an individual member’s loan billing statement (self-employed, voluntary, Overseas Filipino Worker) or employer, helps facilitate the immediate and correct posting of loan payments to their matching loan accounts. SSS President and Chief Executive Officer Aurora C. Ignacio said the SSS started to implement the use of PRNs for short-term member loan payments last year as part of the fund’s Real-Time Processing of Loans (RTPL) program. Transactions covered by the system include salary, calamity, emergency, and restructured loans.

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