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Over 99% of SSS benefit disbursements coursed through e-channels

The Social Security System (SSS) has expanded the use of electronic disbursement channels to release benefits to its members.

SSS said from January to November 2020, about P168.55 billion were disbursed electronically to 3.68 million members using banks, e-wallets, and remittance transfer companies/cash payout outlets (RTCs/CPOs). This accounts for 98.6% of the total disbursements worth P170.97 billion during the period.

Retirement, Disability, Unemployment, Sickness and Maternity Benefits of individual members, as well as Funeral and Death Benefits of beneficiaries who are SSS members themselves, are now coursed through Unified Multi-Purpose Identification card enrolled as an ATM card (UMID-ATM), UnionBank of the Philippines (UBP) Quick Card, Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating banks, e-wallets, and RTCs/CPOs.  Non-member claimants of Funeral and Death Benefits can opt to receive the benefits through PESONet participating banks, e-wallets, and RTCs/CPOs.    

Pension loans and short-term member loans for Salary, Calamity, and Emergency advances are released through UMID-ATMs and UBP Quick Cards. Member loans may also be released through PESONet participating banks.  

Employer’s Sickness and Maternity Benefit Reimbursements are also paid through PESONet participating banks.    

SSS issued circulars last year to implement the mandatory checkless disbursements of benefits and loans. This includes pensioners who are receiving their monthly pensions through checks and non-PESONet participating banks who are given until 31 March 2021 to change their disbursement accounts into PESONet participating banks, e-wallets, or RTCs/CPOs.  

From January to November 2020, the number of benefit disbursements through checks decreased by 39.7 percent to 264,208 from 437,947 in the same period in 2019.    

While SSS transitions to these new disbursement methods, there are still benefit releases such as pensions paid to a confined member or claimant in an institution such as penitentiary/correctional/rehabilitation that use the conventional mode.

“Our goal in this initiative is to provide our members, pensioners, beneficiaries, and covered employers with safer, faster, and more convenient means of receiving benefits and loans, as we comply with the Ease of Doing Business Act,” SSS President and CEO Aurora C. Ignacio said.    

Formally known as the Ease of Doing Business and Efficient Government Service Delivery Act of 2018 (Republic Act 11032), the Ease of Doing Business law seeks to increase efficiency by reducing processing time, eliminating red tape, and curbing corrupt bureaucratic practices.

Upon the issuance of the said circulars, the SSS advised members, pensioners, beneficiaries, and covered employers to register their PESONet participating bank or e-wallet account, or mobile number for disbursements through RTCs/CPOs, with the SSS if they still have not.    

Disbursement account registration and uploading of proof of account can be made through the Disbursement Account Enrollment Module (DAEM), previously known as Bank Enrollment Module listed under the E-Services tab of the My.SSS web portal in the SSS website (  

“With the social distancing and health protocols issued to stem the spread of Covid-19, the importance of digital technologies has been redefined. We appreciate our covered employers, and members, pensioners, and their beneficiaries’ who supported out ongoing digital transformation. We stay committed to continuously look for ways to bring our services closer to you,” Ignacio said.    

For more information, follow the SSS on Facebook at “Philippine Social Security System,” Instagram at “mysssph,” Twitter at “PHLSSS,” or join the SSS Viber Community at “MYSSSPH Updates.”

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