The Social Security System (SSS) through Development Bank of the Philippines (DBP) will electronically release the December pension and 13th month bonus amounting to P23.1 billion through Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating banks and other checkless disbursements channels to be credited to pensioners’ bank accounts.
This will be done starting December 1 but not later than December 4, 2020.
Also, SSS will release around P2 billion for NON-PESONet participating banks, which is expected to be disbursed to pensioners on December 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 C. Ignacio said.
Pensioners with PESONet participating bank accounts, e-wallets such as PayMaya or cash pick-up arrangement via DBP Cash Padala thru MLhuiller will receive their pensions in two batches.
“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. SOVEREIGNPH