SSS releases 2nd batch of February pensions

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THE Social Security System (SSS) released the second batch of February 2021 pensions on Feb. 16.

The pensions, amounting to P5.2 billion, were released through the Philippine Electronic Fund Transfer System and Operations Network (PESONet) and other checkless disbursement channels.

The pension fund, which benefits 1.1 million pensioners whose dates of contingency are from the 16th to the last day of the month, was released through PESONet participating banks, e-wallets and M Lhuillier branches.

The first batch for the February 2021 pensions — with a total amount of P6.5 billion — was released on Feb. 1, through the same disbursement method. Covered in the first batch were some 1.5 million pensioners whose dates of contingency are from the 1st to the 15th day of every month.

Meanwhile, pensioners who are still receiving their pensions through checks or non-PESONet participating banks will receive their February 2021 pensions following the old disbursement schedule, which is based on their date of contingency.

More information on the SSS new disbursement method and schedule that was implemented starting October 2020 is contained in SSS Circular 2020-024 and 024-b that can be read at https://bit.ly/2GiGRs6 and https://bit.ly/2I2GW3I.

SSS members can follow the SSS on Facebook at “Philippine Social Security System,” Instagram at “mysssph” and Twitter at “PHLSSS.”

SSS members can also join the SSS Viber community at “MYSSSPH Updates.”