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.
