SSS releases P5.2 billion for second batch of pensions in February

The Social Security System (SSS) this week released some P5.2-billion worth of benefits, as part of the second batch of pensions for the month of February covering 1.1 million pensioners.

In a statement on Thursday, the SSS said pensioners whose dates of contingency are from the February 16 to the last day of the month can already be withdrawn through the Philippine Electronic Fund Transfer System and Operations Network (PESONet) and other checkless distribution channels.

Pensioners who are still receiving their pensions through checks or non-PESONet participating banks will receive their February 2021 pensions following the old disbursement schedule, based on their date of contingency.

To recall, the state-run agency already released P6.5 billion on February 1 for the first batch of February, covering some 1.5 million pensioners.

The SSS is mandated to promote social justice and provide protection to members and families against the hazards of disability, sickness, maternity, old age, death, and other contingencies resulting in loss of income or financial burden. -NB, GMA News