Quezon City, Nov. 28 — Good news for the 1.9 million pensioners of the Social Security System who are bound to receive their 13th month pay this December as part of the tradition which began in 1998. The total amount of SSS fund for release will amount to P6 billion.
The 13th month bonus is equivalent to one month pension of a retiree or survivor pensioner, but carer’s allowance for disability pensioner is excluded.
Even children receiving the equivalent of dependent’s pension will also receive their share.
The Social Security System said that this December the pensioners can withdraw their 13th month pension thru the ATM. The bonus will be released at the same time as the regular monthly pension in December according to the schedule of the date/day of retirement, disability or death.
The average monthly pension amounts to P3,157 according to the SSS record. In the end, this is really good news for all SSS pensioners and beneficiaries to get 13th month bonus.