SSS to release pensions via PESONet, checkless disbursement channels

CITY OF SAN FERNANDO---The Social Security System (SSS) partnered with the Development Bank of the Philippines (DBP) to expedite the crediting of monthly pensions to pensioners' accounts and eliminate disbursements through checks.

Starting October 2020, regular pensions will be released through the DBP’s disbursement facility via the Philippine Electronic Fund Transfer System and Operations Network (PESONet) and DBP-accredited Remittance Transfer Companies (RTCs)/ Cash Payout Outlets (CPOs).

Through the said disbursement method, pensioners may opt to receive their monthly pensions through their accounts in any PESONet participating bank and ewallet such as PayMaya or cash pick-up arrangement via DBP Cash Padala thru M Lhuillier.

Those who are already receiving their monthly pensions through PESONet participating banks will no longer need to enroll their bank accounts to the SSS.

However, 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.

They will be notified of the need to change their disbursement accounts through their registered e-mail or mailing addresses per SSS records. Pensioners are also advised to check if their bank account is a PESONet participating bank or not. They can view the complete list of PESONet participants on the Bangko Sentral ng Pilipinas website at https:/ / bit.ly/ 33ZLWO2.

To receive pensions through PESONet participating banks, pensioners must enroll their respective single savings accounts to the SSS. For ewallets, 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 do so through the SSS’ Disbursement Account Enrollment Module (DAEM), which they may access under the E-Services tab of their My.SSS account on the SSSwebsite (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 can access the email addresses and contact details of SSS branches and foreign offices through the SSS