The Social Security System (SSS) said Thursday pensioners will receive an additional P1,000 pension today, Friday, March 3.
The March 3 payout represents the adjustment that should have been given last January. The P1,000 increase in monthly pension was formalized only last week.
“Malugod naming ibinabalita sa aming mga pensyonado na ang karagdagang P1,000 benepisyo para sa buwan ng Enero 2017 ay maaari nang i-withdraw sa kanilang bank accounts,” SSS President and Chief Executive Officer Emmanuel Dooc said in press statement on Thursday.
President Rodrigo Duterte last February 22 approved the release of additional P1,000 monthly pension for retirees, survivors, and permanent and partial disability pensioners of the SSS.
An estimated P6.9 billion will be allotted for the first quarter release. Meanwhile, 2.2 million SSS pensioners are expected to receive the P1,000 benefit.
Starting April 2017, the additional P1,000 will be incorporated in the regular pension.