SSS Pension Release Schedule for December and 13th month 2020

Starting this 3rd quarter of 2020, SSS changed is pension releasing schedule, What used to be a few days advance to the expected crediting date, SSS pension releasing is now schedulinto two parts.

NEW MONTHLY SSS Pension Releasing Schedule (This is not the December and 13th month schedule)

DATE OF CONTIGENCY	CREDITING DATE or WITHDRAWAL DATE
1st – 15th day of the month	1st day of the month
16th – end of the month	16th day of the month

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

BUT for this December 2020 alone, SSS made the disbursement of the pensions early.

DECEMBER 2020 and 13th Month Pension Releasing Schedule for PESONet Banks

DATE OF CONTINGENCY	CREDITING / WITHDRAWAL DATE
For December 2020 and 13th month pay
1st – 15th day of the month	December 1, 2020
16th – end of the month	December 4, 2020
* 13th month Pension for
Advance 18 month	December 4, 2020
Naipon o accrued pension dahil sa pagbabalik ng ACOP-Suspended pension	December 16, 2020

PESONet banks starts crediting the pension amount at 1:00pm of the withdrawal date. Better yet go to your bank in the afternoon of the declared withdrawal date.

For your guidance, list of PESONet banks are in the list below.

DECEMBER 2020 and 13th Month Pension Releasing Schedule for NON-PESONet Banks

DATE OF CONTINGENCY	CREDITING / WITHDRAWAL DATE
* For December 2020 and 13th month * 13th month pay pension for Advance 18 month	SSS is coordinating with non-PESONet banks if the said pensions be accredited on or before December 4, 2020. Subject to bank’s approval.
16th – end of the month	December 4, 2020
* 13th month Pension for
Advance 18 month	December 4, 2020
Naipon o accrued pension dahil sa pagbabalik ng ACOP-Suspended pension	December 16, 2020

DECEMBER 2020 and 13th Month Pension Releasing Schedule for pensions being received thru CHECK

DATE OF CONTINGENCY	CREDITING / WITHDRAWAL DATE
* For December 2020 and 13th month For Regular and advance 18 month pension	SSS is coordinating with the Postmaster General of Philippine Postal Corporation to make fast delivery of checks to its recipient pensioners.

LIST OF PESONet Participating Banks as of November 2020

Universal and Commercial Banks

1. Al-Amanah Islamic Investment Bank of the Philippines
2. Asia United Bank Corporation
3. Australia and New Zealand Banking Group Limited
4. Bangkok Bank Public Co. Ltd.
5. Bank of America, N.A
6. Bank of China Ltd. – Manila Branch
7. Bank of Commerce
8. Bank of the Philippine Islands
9. BDO Unibank, Inc.
10. China Banking Corporation
11. CIMB Bank Philippines, Inc.
12. Citibank, N.A
13. CTBC Bank (Philippines) Corporation
14. Deutsche Bank AG
15. Development Bank of the Philippines
16. East West Banking Corporation
17. Industrial Bank of Korea Manila Branch
18. ING Bank, N.V
19. JP Morgan Chase Bank, NA.
20. KEB Hana Bank – Manila Branch
21. Land Bank of the Philippines
22. Maybank Philippines, Inc.
23. Mega International Commercial Bank Co, Ltd.
24. Metropolitan Bank and Trust Company
25. Mizuho Bank, Ltd. – Manila Branch
26. MUFG Bank, Ltd.
27. Philippine Bank of Communications
28. Philippine National Bank
29. Philippine Trust Company
30. Philippine Veterans Bank
31. Rizal Commercial Banking Corporation
32. Robinsons Bank Corporation
33. Security Bank Corporation
34. Shinhan Bank-Manila Branch
35. Standard Chartered Bank
36. Sumitomo Mitsui Banking Corporation – Manila Branch
37. The Hongkong & Shanghai Banking Corporation
38. Union Bank of the Philippines
39. United Coconut Planters Bank
40. United Overseas Bank Limited, Manila Branch

Thrift Banks

1. AllBank, Inc.
2. Bank of Makati, Inc.*
3. China Bank Savings, Inc.
4. Equicom Savings Bank, Inc.
5. First Consolidated Bank, Inc.
6. HSBC Savings Bank, Inc.
7. Malayan Bank Savings and Mortgage Bank, Inc.
8. Philippine Business Bank, Inc.
9. Philippine Savings Bank
10. Producers Savings BankCorporation
11. Sterling Bank of Asia, Inc.
12. Wealth Development Bank Corporation
13. Yuanta Savings Bank Philippines Inc.

Rural Banks

1. Bangko Mabuhay, Inc.
2. Bank of Florida, Inc.
3. BDO Network Bank, Inc.
4. Camalig Bank, Inc.
5. Cebuana Lhuillier Rural Bank, Inc.
6. Country Builders Bank, Inc.
7. Dungganon Bank, Inc.
8. East West Rural Bank, Inc.
9. Innovative Rural Bank, Inc.
10. Rang-Ay Bank, Inc.
11. Rural Bank of Guinobatan, Inc.

Source: Philippine Clearing House Corporation