SSS pensioners’ protection boosted-A A +A
Saturday, January 14, 2012
PENSIONERS of the Social Security System (SSS) are required to report to their depository bank or any SSS branch starting this year to validate their eligibility to continue to receive pensions.
“We want SSS benefits to go to the right members and beneficiaries,” stressed SSS president and chief executive officer Emilio de Quiros Jr., explaining that the decision aims to protect the agency from undue pension payments and fraudulent claims.
SSS, meanwhile, requires banks to submit an annual list of pension accounts without any withdrawal for the past 12 months, which will be used as basis to determine if a pensioner still lives.
He added that special consideration will be given to those unable to make a personal appearance like pensioners based overseas, those under confinement or those physically unable to travel due to health conditions or old age.
“We will accept requests for home visits and documents such as medical records and official certifications sent via mail or through representatives. Pensioners residing abroad only need to send the required documents.”
The official said that SSS will mail a notification letter two months before a member’s month of retirement, death or disability. “Pensioners have three months to make a one-day personal appearance at their savings bank or any SSS branch.”
As per the agency’s Annual Confirmation of Pensioners (Acop) program, retiree pensioners and beneficiaries of deceased members were required to present their notification letter to their depository bank once a year. Total disability pensioners presented SSS’s letter and reported to any SSS branch for a yearly medical check-up.
When Acop was stopped in 2006, pensioners with ATM pension accounts change their PIN code at their depository bank every year while total disability pensioners go to SSS for an annual physical examination.
SSS provides lifetime pensions for retirement, total disability and death to over 1.6 million members. As per the law, pensions are stopped when the member dies, recovers from disability or becomes re-employed if below age 65 or when the surviving spouse remarries. (CGC)
Published in the Sun.Star Bacolod newspaper on January 14, 2012.