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Manila Bulletin devider Philippines devider National devider SSS implements online transactions and check-less disbursements

SSS implements online transactions and check-less disbursements

Published Sep 21, 2020 07:21 pm

Mandatory online transactions and check-less disbursements are now being implemented by state-run Social Security System (SSS) to provide faster and more convenient means for its members to transact with the pension fund.

Aurora C. Ignacio, SSS president and chief executive
Aurora C. Ignacio, SSS president and chief executive

SSS President and CEO Aurora Ignacio said in a statement on Monday that the policy aimed to provide members, employers, pensioners, and beneficiaries or claimants with "faster, safer, more convenient, and economical means to register, submit their loan and benefit applications, and receive their loan proceeds and cash benefits from SSS."

"It is also our way of supporting our healthcare workers in preventing the spread of COVID-19 since face-to-face interactions shall be limited within our branches," Ignacio added.

According to Ignacio, the mandatory online transactions include filing of salary and calamity loans, Sickness Benefit Reimbursement Application (SBRA) for employers, application of Social Security (SS) Number, Employment Report (R1A), submission of sickness and maternity notification, as well as filing of unemployment, retirement, and funeral benefit claims with e-disbursement.

To proceed with online transactions, Ignacio advised members, employers, and pensioners to have their own My.SSS account where they should register their disbursement account through the Disbursement Account Enrollment Module (DAEM) for the disbursement of their loan and benefits. 

For online users who opt to receive their benefits via e-wallet or remittance transfer companies (RTCs)/cash pick-up outlets (CPOs), their mobile numbers should also be enrolled in Bank Enrolment Module (BEM) in their My.SSS accounts, Ignacio added.

"Claimants should have an issued SS number and Unified Multipurpose Identification (UMID) Card or have already applied for a UMID Card to submit their funeral benefit claim online," the SSS president explained.

"While non-SSS member-claimants should provide a copy of their ATM card deposit slip if the disbursement account is a PESONet participating bank, or their mobile number if their preferred disbursement is thru E-wallet via upgraded PayMaya or cash remittance via MLhuiller," she added.

Meanwhile, Ignacio stated that retiree-applicants can also submit their retirement claim applications online if their SS number is not canceled or they are "not an underground/surface mineworker or a racehorse jockey; not a self-employed member below 65 years old; has no outstanding balances in Stock Investment Loan, Privatization Loan, Educational Loan, and Vocational Technology Loan; and with no dependent minor child/ren."

Members who do not meet these qualifying conditions are advised to set an appointment with the nearest SSS branch, Ignacio said.

In line with the mandatory online registration, the pension fund also starts the mandatory check-less disbursement of unemployment benefit, funeral benefit through their UMID Card enrolled as ATM Card/UnionBank Quick Card/PESO-Net participating bank/E-wallet/RTC/CPO. While salary and calamity loans shall be disbursed through PESONet participating banks only.

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