The state-run Social Security System (SSS) on Monday said it has already released nearly P22 billion to its partner banks for the release of the December and 13th month pensions of its pensioners starting November 29 but not later than December 7 this year.
SSS President and Chief Executive Officer Emmanuel F. Dooc said the pension fund has already released more than P21.9 billion to its disbursing partner-banks on November 15 to give them ample time to release the regular monthly pension for December 2018 and 13th month pensions to pensioners.
Broken down, SSS released P10.95 billion for the 13th month pension and about P10.95 billion for December 2018 pension.
“We have already requested our partner banks to release the 13th month pension on November 29. However, we leave the discretion to our partner banks if they will release the regular monthly pension for December along with the 13th month pension or stick to the regular schedule of release of monthly pension on the contingency date of the pensioner,” Dooc said.
Dooc also added that the pension fund already asked the Philippine Postal Corporation (PhlPost) to prioritize the delivery of the checks for the December and 13th month pensions of SSS pensioners residing in far-flung areas so they can enjoy their cash benefits before Christmas.
