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Saturday, April 20, 2024

Delayed payouts for SSS pensioners

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CLARK FREEPORT, Pampanga—The Social Security System said about 240,000 pensioners nationwide are not included in the additional benefit of P1,000 as scheduled, the last installment of which should have been given last March 17.

Instead, these pensioners will receive their additional benefit on May 12 as approved by President Rodrigo Duterte in a memo last Feb. 22, SSS vice president Ma. Luisa “Louie” Sebastian said here.

Sebastian said that’s because the 240,000 pensioners just received their advance retirement pension of 18 months, a payout that started last August 2015.

Those who will receive the additional P1,000 benefit on March 31 are those under the Special Pension System, which includes death claim with more than one payee and one of them is overpaid; SSS payees with withheld shares; and those covered by a Bilateral Social Security Agreement between the Philippines and other country, and the Portability Law.

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