The Social Security System (SSS) has begun distributing the first batch of the November 2020 pension, through the new disbursement method using the Philippine Electronic Fund Transfer System and Operations Network (PESONet), and other checkless disbursement channels.

According to SSS President and CEO Aurora C. Ignacio, covered by the first batch are pensioners who receive a pension on the 15th of the month and those who receive their monthly pensions through PESONet participating banks, e-wallets such as PayMaya or of the Development Bank of the Philippines (DBP) accredited remittance transfer company, cash payout outlet and current M Lhuillier.

“For November 2020, given that its first day is a weekend and a declared holiday, we have completed the funding of the first batch of pensions for November 2020 yesterday, October 29. Upon receipt of the funds, our government partner bank – DBP will release them to other PESONet participating banks, e-wallets, and M Lhuillier before 12 noon today,” Ignacio said.

“These PESONet participating banks, e-wallets, and RTC/CPO are expected to make the fund available to pensioners starting this afternoon,” she added.

The first batch of November 2020 pension releases started, comprising 1.46 million pensioners with combined pensions amounting to P6.22 billion.

The first batch is on the first day of the pension month, but it was distributed earlier because November 1 is a holiday, and it is up to the 15th of each month and the second batch is on the 16th day of pension month, and will last until the last day of each month.

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