Retired policemen to receive pension through ATM-A A +A
Sunday, May 4, 2014
MANILA -- Retired members of the Philippine National Police (PNP) will receive directly their monthly pension through PNP Automatic Teller Machine (ATM) pension accounts starting in June.
PNP Director for Comptrollership Rolando Purugganan said retired policemen will have to apply and secure an Advice Debit Account (ADA) at a Landbank of the Philippines branch six months prior to the effectivity of their retirement.
Purugganan said retiring PNP personnel must have a minimum deposit of P100 to avoid closure of the pension account.
He added that at least two months before the lapse of the lump sum period, retired policemen must report to the PNP Pension and Retirement Benefit Service (PRBS) office for accounting purposes and to show proof of life to start the crediting of their monthly pension in their PNP ATM Pension System.
Purugganan said the new process is in line with the PNP's goal to enhance the quality of financial services for retired servants of the country.
“The way we give the financial benefits of the retired policemen will be less hassle as compared to the previous long-practice of Modified Disbursement Scheme (MDS) checks,” he said.
He urged retirees to coordinate closely with their PRBS and PNP regional offices. (Third Anne Peralta/Sunnex)