The Philippine state-run social insurance program Social Security System (SSS) announced that pensioners can be able to get their 13th-month pay on Friday, December 6, 2019.
"We have already requested our partner banks to credit the 13th-month pension to the respective savings accounts of our pensioners on or before December 6 so that they could enjoy the money in time for the holiday season," SSS President and Chief Executive Officer Aurora Ignacio said.
"The checks were released and mailed as early as November 26 so that our pensioners will receive it on time for the Christmas season," she added.
"We are hoping that we will eventually shift 100 percent of our pensioners to through-the-bank system for faster, convenient and more secure way of receiving their benefits from the SSS,” Ignacio said.
The computation of the 13th-month pension is based on the basic monthly pension excluding the defendant's pension, if any.
More than 2.83 million pensioners would receive their pension after over P12.71 billion worth of funds had been released.
Source: GMA news
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