SSS starts release of 13th month, December pension
THE Social Security System (SSS) said more than 2.2 million pensioners will start to receive their 13th month and December pension until December 8.
SSS president and chief executive Emmanuel Dooc said the pension fund has already released the amount to the respective partner-banks starting November 15 to give the banks ample time to release the 13th month and December pension to SSS pensioners. Some disbursing banks have released the 13th month and December pension as early as November 15. “We have already asked the banks to release the 13th month pension not later than December 8 while we leave to the discretion of the disbursing banks if they will release the regular monthly pension for December along with the 13th month pension or to release it based on the bank’s usual schedule of the release of monthly pension,” Dooc said. SSS also reminded the pensioners that the basis of the 13th month pension is the basic monthly pension of a pensioner excluding the dependent’s pension, if any. (PR)