SSS New Pension Schedule 2020

The SSS provided a revised monthly pension release schedule through Philippine Electronic fund transfer and System Operations Network (PESONet) and other check less disbursement channels.

Under the said disbursement method, monthly pensions will be released:

• Every 1st day of the month to pensioners whose date of contingency* is from the 1st up to the 15th day of the month.
• Every 16th day of the month to pensioners whose date of contingency* is from the 16th up to the last day of the month.

If the release date falls on a weekend or a holiday, the pension will be released on the last working day.

Meanwhile, the schedule of release of accrued pensions for the resumption of suspended pension due to non-compliance with the Annual Confirmation of Pensioners (ACOP) program will be on the 16th day of the following month after compliance with the ACOP has been received and encoded. The pension run for the resumption is done every 20th day of the month.

Pensioners may opt to receive their monthly pensions through their accounts in any PESONet participating bank and e-wallet such as PayMaya or cash pick-up arrangement via DBP Cash Padala thru M Lhuillier.

Pensioners who will be notified of the need to change their disbursement accounts, will receive through their registered e-mail or mailing addresses per SSS records.

Pensioners receiving their monthly pensions through checks or non-PESONet participating banks are required to change their disbursement accounts accordingly on or before 31 October 2020.

To receive pensions through PESONet participating banks, pensioners must enroll their respective single savings accounts to the SSS. For e-wallets, they must enroll their mobile number linked to their account, while for RTC/CPO, they must also register their mobile number where they prefer to receive the reference number.

The pensioner shall shoulder service fees for the disbursement of monthly pensions through RTCs/CPOs.

Retirement, partial disability, and total disability pensioners who need to change their disbursement accounts may go to the SSS’ Disbursement Account Enrollment Module (DAEM) page under the E-Services tab of their My.SSS account on the SSS website (www.sss.gov.ph).

Survivor pensioners who need to change their disbursement accounts may submit a scanned copy of a duly accomplished Pensioner Data Change Request (PDCR) form along with supporting documents to the corporate e-mail of the SSS branch nearest to them.

They may also submit the PDCR form and supporting documents personally, if possible, or through an authorized representative to the SSS through drop boxes located in its branches.

Documents submitted through drop boxes must be in a sealed envelope with the pensioner’s name, contact information, and transaction details written outside. The SSS branch will schedule his/her appointment, if needed, to process the transaction.

The PDCR form with list of documentary requirements may be downloaded at the SSS downloadable forms here.

Pensioners who are confined in a penitentiary or correctional institution and those receiving pensions through the Special Pension System and Special Voucher are exempted from the payment of pension through PESONet and other checkless disbursement channels.

*Date of contingency – date where the pensioner met all qualifying conditions for retirement, disability, or death benefit.