The Social Security System is informing its pensioners that starting this month, the release of monthly pensions through its latest disbursement method will be every 4 p.m. onwards of their crediting date.
Under the latest disbursement method that uses Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating banks and e-wallets, and remittance transfer companies/cash payout outlets (RTCs/CPOs) as disbursement channels, there are two batches of monthly pension releases.
The first batch is released every first day of the pension month, covering pensioners whose date of contingency is from the first to the 15th day of the month, while the second batch is released every 16th day of the pension month for pensioners whose date of contingency is from the 16th to the last day of the month.
If the credit date falls on a Saturday, Sunday, or holiday, the pension will be credited on the last working day before it.
The time of release of every crediting date is in accordance with the memorandum of agreement between SSS and Development Bank of the Philippines, the government partner bank. – Press release
April 24, 2024
