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SSS issues reminder on disbursement accounts

Published March 10, 2021, 5:30 AM State-run Social Security System (SSS) asked its members and covered employers to ensure the correctness and validity of their disbursement accounts when enrolling in the Disbursement Account Enrollment Module (DAEM) through the My.SSS portal.   In a statement, Aurora C. Ignacio, SSS president and chief executive said on Tuesday, March 9, that incorrect input of account number or uploaded proof of account will result in the rejection of disbursement account enrollment application.  “We urge our members and covered employers to triple-check the information they have entered before submission to the SSS to avoid inconveniences in their disbursement account enrollment,” Ignacio said.  

Nearly 99% of SSS benefit disbursements coursed thru e-channels

February 01, 2021 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 in social security and employees compensation benefits were disbursed using banks, e-wallets, and remittance transfer companies/cash payout outlets (RTCs/CPOs). It accounts for 98.6 percent of the total disbursements worth P170.97 billion to 3.68 million members and beneficiaries 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 o

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

January 29, 2021 | 3:44 pm Advertisement AAA 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 in social security and employees’ compensation benefits were disbursed using banks, e-wallets, and remittance transfer companies/cash payout outlets (RTCs/CPOs). It accounts for 98.6% of the total disbursements worth P170.97 billion to 3.68 million members and beneficiaries 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 RT

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