February 01, 2021 THE Social Security System (SSS) has expanded the use of electronic disbursement channels to release benefits to its members.
SSS said from January to November 2020, about P168.55 billion in social security and employees compensation benefits were disbursed using banks, e-wallets, and remittance transfer companies/cash payout outlets (RTCs/CPOs). It accounts for 98.6 percent of the total disbursements worth P170.97 billion to 3.68 million members and beneficiaries during the period.
Retirement, Disability, Unemployment, Sickness and Maternity Benefits of individual members, as well as Funeral and Death Benefits of beneficiaries who are SSS members themselves, are now coursed through Unified Multi-Purpose Identification card enrolled as an ATM card (UMID-ATM), UnionBank of the Philippines (UBP) Quick Card, Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating banks, e-wallets, and RTCs/CPOs. Non-member claimants o
January 29, 2021 | 3:44 pm Advertisement
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The Social Security System (SSS) has expanded the use of electronic disbursement channels to release benefits to its members.
SSS said from January to November 2020, about P168.55 billion in social security and employees’ compensation benefits were disbursed using banks, e-wallets, and remittance transfer companies/cash payout outlets (RTCs/CPOs). It accounts for 98.6% of the total disbursements worth P170.97 billion to 3.68 million members and beneficiaries during the period.
Retirement, Disability, Unemployment, Sickness and Maternity Benefits of individual members, as well as Funeral and Death Benefits of beneficiaries who are SSS members themselves, are now coursed through Unified Multi-Purpose Identification card enrolled as an ATM card (UMID-ATM), UnionBank of the Philippines (UBP) Quick Card, Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating banks, e-wallets, and RT
SSS releases P5B pensions for January visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.
QUEZON CITY, Jan. 16 — he Social Security System (SSS) released the second batch of January 2021 pensions since yesterday, January 15, 2021, through the Philippine Electronic Fund Transfer System and Operations Network (PESONet) and other checkless disbursement channels.Pensioners covered by.
Pensioners whose date of contingency is from the first to the 15th day of the month and are receiving their pensions through PESONet participating banks, e-wallets such as PayMaya, or M Lhuillier, can expect that their January 2021 pensions will be credited to their accounts and may be withdrawn starting today.
The first batch of January 2021 pension releases covers 1.5 million pensioners with combined pensions for the month, amounting to 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.