SSS extends until September 30 the compliance deadline for pensioners to shift to PESONet banks

 

The Social Security System (SSS) has extended to September 30, 2021 its deadline for pensioners to shift their disbursement accounts to participating banks or e-wallets under the Philippine Electronic Fund Transfer System and Operations Network (PESONet) or Remittance Transfer Companies/Cash Payout Outlets (RTCs/CPOs).

SSS President and CEO Aurora C. Ignacio said that as of April 2021, about 104,955 pensioners are not yet compliant with this requirement. Of this number, 91,476 are receiving their pensions through non-PESONet participating banks, while the remaining 13,479 get their monthly retirement income through checks.

The six-month extension from the previously announced deadline of March 31, 2021 came after the approval of the Social Security Commission Resolution No. 141-s.2021 dated March 24, 2021.

SSS Mobile App hits 60 million transactions in 2020

 

The Social Security System (SSS) recorded nearly 60 million transactions in the SSS Mobile App from January to December 2020, four times more than the almost 12 million transactions recorded in the same period in 2019.

SSS President and CEO Aurora C. Ignacio said apart from the continuous development of the SSS Mobile App, one of the key drivers of its usage increase is the need for non-contact service channels in light of the coronavirus disease 2019 (COVID-19) pandemic.

“Even before COVID-19, we recognize the importance of digitally transforming our services for the convenience of our stakeholders. When the pandemic struck, we were already equipped with online service channels such as the SSS Mobile App that helped our members, pensioners, covered employers, and the public to reach us in the safety of their homes or offices,” Ignacio said.