Benefit and loan disbursement channels

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

SSS members and covered employers are advised that benefits and loans have varying disbursement channels.

At present, 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 disbursed through UMID-ATMs, Union Bank of the Philippines (UBP) Quick Cards, PESONet participating banks, e-wallets, and RTCs/CPOs.

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

Pension Loans and short-term member loans such as Salary, Calamity, and Emergency are released through UMID-ATMs and UBP Quick Cards. Short-term member loans may also be released through PESONet participating banks.

“Currently, we are receiving a high volume of applications in the DAEM. In response to this, we have assigned more employees to verify applications,” Ignacio said.

“We advise our members to refrain from going to our branches to follow-up on their disbursement account applications. Rest assured that we are continuously looking for ways to improve and expedite the DAEM verification process,” she added.

Last year, the SSS implemented the mandatory enrollment of disbursement accounts with PESONet-participating banks, e-wallets, or RTCs/CPOs in the DAEM for a faster, more secure, and checkless means of benefit and loan disbursements.

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.”

Comments