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By ADRIAN STEWART CO
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Saturday, March 4, 2017
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MANILA – The Social Security System (SSS) announced yesterday that around 2.04 million pensioners will now be able to receive the additional P1, 000 benefit.
According to SSS president and chief executive officer Emmanuel Dooc, the additional benefit for the month of January 2017 is now ready for withdrawal.
Dooc added that the additional pension hike for the month of February and March will also be made available to its pensioners immediately in the next two Fridays of March.
“We are pleased to announce to our pensioners that the P1, 000 additional benefit is now ready for withdrawal in their respective bank accounts while the remaining retroactive amount will be received on March 10 and 17,” Dooc said.
“The SSS will continue to find ways to make our pension fund viable so it can continuously serve its current and future members in perpetuity,” added the SSS official in a press statement.
Based on the program re-run conducted by SSS’ Information and Systems Department, around P2.04 billion were already deposited in the pensioners’ bank accounts.
The benefit for SSS pensioners was approved by President Rodrigo Duterte on Jan. 10 while the order authorizing the release was signed on Feb. 22.
Dooc also said all retirees, survivors and permanent disability SSS pensioners will receive the P1,000 additional benefit, which will also cover all future SSS pensioners.
The SSS has earlier estimated that more than P6.9 billion is allotted for the release of the benefit for the first quarter alone. This is on top of the P7.4 billion released per month since January 2017 for regular benefits./PN
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