PSBank recognized by private pension fund SSS

Philippine Savings Bank (PSBank), the thrift bank arm of the Metrobank Group, was recognized by Social Security System (SSS) among other banks that have incurred significant contributions to the private pension fund’s mandate to provide social protection to Filipino employees.

PSBank was awarded by SSS as this year’s “SSS Balikat ng Bayan Best Paying Partner Thrift Bank.”

“The award is a testament of PSBank’s strong commitment for being the pension fund’s partner in providing universal, equitable, and viable social security protection to its members,” PSBank said in a statement.

Balikat ng Bayan Award honors individuals, employers, or organizations that significantly contributed to the SSS’ pursuit of its mandate.

The mandate of the SSS is to provide “meaningful protection to private sector workers and their families against the real life contingencies of old age, disability, death, sickness, maternity and employment injury.”

Awardees are recognized for their compliance to the provisions of the social security law in terms of coverage, collection and giving out of benefits, accuracy, and timeliness of their submission of reports to SSS, and participation in SSS programs.

PSBank is a key player in the Philippine consumer banking industry with 247 branches across the country and 605 automated teller machine units nationwide as of July 2015.

Aside from PSBank, SSS also recognized other 15 organizations as this year’s recipients of SSS Balikat ng Bayan Awards for their significant contributions in providing social protection.