Finance

SSS Announces P1,000 Second Tranche – Eligibility, Payment Dates & How to Claim!

The Social Security System (SSS) has announced the release of the second tranche of the ₱1,000 additional monthly benefit for pensioners, helping them cope with rising living costs. This guide explains who is eligible, when payments will be made, and how pensioners can claim the benefit automatically. Pensioners do not need to apply—the additional amount will be credited directly to their bank accounts. Read on for payment schedules, eligibility details, and FAQs.

By Anthony Lane
Published on

SSS Announces P1,000 Second Tranche: The Social Security System (SSS) in the Philippines has officially announced the release of the second tranche of the additional ₱1,000 monthly benefit for pensioners. This initiative aims to provide much-needed financial relief to retirees and other pensioners, helping them cope with the increasing cost of living. This article provides a detailed guide on eligibility, payment dates, how to claim, and other essential details pensioners need to know.

SSS Announces P1,000 Second Tranche

The ₱1,000 additional SSS benefit is a welcome financial relief for retirees, survivors, and disability pensioners. With rising costs of living, this second tranche of pension increase will provide pensioners with extra support to cover their daily expenses, medical needs, and other necessities. Since the SSS automatically deposits the additional amount, pensioners do not need to worry about filing applications or submitting documents. If you are eligible, simply check your bank account on the payment dates to confirm the credit.

SSS Announces P1,000 Second Tranche
SSS Announces P1,000 Second Tranche
DetailsInformation
Benefit AmountAdditional ₱1,000 per month
Who is Eligible?All regular SSS pensioners, including retirees, survivors, and disability pensioners
Payment ScheduleMarch 10, 2024: February 2017 differential – March 17, 2024: March 2017 additional benefit – Starting April 2025: Regular pensioners receive updated amounts
How to ClaimAutomatic credit to pensioners’ bank accounts; no action required
Special CasesSpecial pensioners may receive their benefits on March 31, May 12, and May 26, 2024
Contact InformationSSS hotline: 920-6446 to 55 Email: [email protected]

What is the ₱1,000 Additional Benefit?

The ₱1,000 additional monthly pension was promised by the Philippine government as part of the SSS pension increase approved in 2017. The first tranche was released earlier, and this second tranche completes the increase, giving pensioners additional financial assistance.

This benefit is part of the government’s efforts to ease the economic burden of retirees who rely on their SSS pensions for daily expenses, medical needs, and other necessities.

Who is Eligible for the Additional ₱1,000?

The second tranche of the additional pension benefit is available to all SSS pensioners who are currently receiving monthly pensions. This includes:

  • Retirement Pensioners – Individuals who retired under the SSS program and are receiving monthly pensions.
  • Survivor Pensioners – Beneficiaries of deceased SSS members who are receiving survivor pensions.
  • Disability Pensioners – Individuals receiving disability pensions, including those with partial disabilities for less than 12 months.

If you are currently receiving a pension from the SSS, you do not need to apply—the benefit will be automatically credited to your registered bank account.

Payment Dates: When Will Pensioners Receive the ₱1,000?

The SSS has provided a structured payment schedule for the release of the additional ₱1,000 benefit:

  1. March 10, 2024 – The February 2017 differential of the additional ₱1,000 will be credited to pensioners’ bank accounts.
  2. March 17, 2024 – The March 2017 additional benefit will be released.
  3. Starting April 2025 – All regular pensioners will receive the updated pension amount, which includes the additional ₱1,000, in their monthly pension disbursements.

How to Claim the SSS Announces P1,000 Second Tranche?

The best part? Pensioners do not need to apply for this benefit—it will be automatically credited to their designated bank accounts.

For pensioners receiving their pensions via check, the SSS has coordinated with the Philippine Postal Corporation to ensure faster delivery of the additional benefit.

If you have not received your pension on the scheduled dates, you can:

  • Check your bank account for automatic deposits.
  • Contact the SSS hotline at 920-6446 to 55.
  • Email [email protected].

Special Cases: Different Payment Dates

Some pensioners under special conditions will receive their ₱1,000 benefit increase on different dates:

March 31, 2024

  • Pensioners under the Special Pension System, including:
    • Death claims with multiple payees.
    • Pensions with payees under different guardians.
    • Those covered by international bilateral social security agreements.
  • Pensioners on suspended status due to non-compliance with the Annual Confirmation of Pensioners (ACOP) but have resumed their pensions from January to March.

May 12, 2024

  • Retiree-pensioners who availed of the advance 18-month retirement pension from August 2015 onwards.
  • Pensioners with settled initial disability, death, and retirement (DDR) claims from November 2016 to April 2017.
  • Partial disability pensioners with a pension duration of less than 12 months.

May 26, 2024

  • Pensioners who availed of the three-month advance pension due to typhoons Lawin and Nina in previous years.

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Frequently Asked Questions (FAQs)

1. Do I need to apply for the additional ₱1,000 pension?

No. The SSS will automatically credit the additional pension to your bank account.

2. How do I check if I received my additional ₱1,000 benefit?

You can check your bank account statement or online banking on the scheduled payment dates.

3. What should I do if I do not receive my ₱1,000 benefit?

If the money does not appear in your bank account, you should:

  • Wait for one to two banking days (in case of processing delays).
  • Contact the SSS hotline at 920-6446 to 55.
  • Visit your nearest SSS branch.

4. Will I receive the additional ₱1,000 every month moving forward?

Yes! Starting April 2025, the additional ₱1,000 will be permanently included in your monthly pension.

5. What if I am receiving my pension through a check?

SSS has coordinated with the Philippine Postal Corporation to ensure that check payments are delivered on time. However, direct deposit is recommended for faster and more secure transactions.

Author
Anthony Lane
I’m a finance news writer for UPExcisePortal.in, passionate about simplifying complex economic trends, market updates, and investment strategies for readers. My goal is to provide clear and actionable insights that help you stay informed and make smarter financial decisions. Thank you for reading, and I hope you find my articles valuable!

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