The Social Security System (SSS) has earmarked a total of P6.34 billion for the 13th month pensions of over two million pensioners for retirement, disability and death which is scheduled for release to the pensioners’ bank accounts and via mail this December.
System Vice President for Benefits Administration Division Agnes San Jose said that with the 13th month pension, pensioners will receive double the amount of their regular monthly pension this month.
“The allotted funds for the 13th month pensions were already disbursed to partner banks in November. As in previous years, pensioners can expect to receive their 13th month pension at the same time as their regular December pensions,” San Jose said.
Over 99 percent of pensioners are enrolled in the Pension Payment thru the Bank Program, formerly known as the Mag-Impok sa Bangko Program, which enables them to receive their monthly pensions directly at their designated savings accounts.
Some 12,500 pensioners opted to receive pension checks sent through the mail due to reasons such as lack of automated teller machines in their area.
“Almost P6.31 billion for 13th month pensions are scheduled for release through pensioners’ bank accounts. The remaining P34.61 million would be in the form of checks mailed to the designated addresses of the other pensioners,” San Jose said.
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