th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

Pension perks

SSS pensioners can now remember their annual schedule for confirming their eligibility to pension.
By |

Social Security System (SSS) pensioners can now easily remember their annual schedule for confirming their eligibility to pension, with the yearly visit to banks or SSS now based on the members’ birth month, instead of the month of contingency such as retirement, death or disability.

 

SSS President and Chief Executive Officer Emilio de Quiros, Jr. said pensioners for retirement and total disability can present themselves for the Annual Confirmation of Pensioners (ACOP) program on their birth month, while SSS death pensioners must comply with the ACOP on the deceased member’s birth month.

 

Under previous ACOP compliance guidelines, retired or disabled pensioners must visit their depository bank or any SSS branch on the month of their disability or retirement, while the schedule for surviving spouses receiving SSS death pensions falls on the month of the member’s death anniversary.

 

"Birthdays are memorable occasions for anyone. And with the ACOP visit now pegged on the member’s birth month instead of the month of contingency, SSS pensioners can better remember their ACOP schedule, and thus, avoid suspension of their pensions," he said. "Pensioners also have the option to comply as early as six months before their birth month, which shall be treated as early ACOP compliance."

 

De Quiros added that SSS pensioners who find it difficult to make that once-a-year visit for ACOP compliance, such as those based overseas, aged 80 years old and above, with poor health or under confinement, can still comply by submitting the required documents to SSS through mail, via email or through a representative within their birth month.

 

Under the law, SSS pensions must cease upon the pensioner’s death, or if the SSS retirement pensioner below age 65 returns to work. Disability pensions are cancelled if the member recovers from the disability, while spouses who remarry or cohabit become ineligible for SSS death pensions.

Latest Articles

Pinoy Kids Need Not Worry: It's Business as Usual for Toys "R" Us

Local franchise holder assures all 34 standalone branches and 44 toy box outlets are open ahead of...

byElyssa Christine Lopez | September 20, 2017 18:00:00

How Much is the Typical Filipino’s Budget for Buying a House?

Real estate portal Property24 profiles the typical Filipino property buyer

byLorenzo Kyle Subido | September 20, 2017 10:00:00

(Video) Meet the Business Owner Who Caused a Z Movie-Like Stampede for the Php8 Zark’s Burgers

Why thousands of customers risked hurting themselves for a burger sandwich

byEntrepreneur Staff | September 20, 2017 10:00:00

What Has JAZA Got To Do With the UN’s Sustainable Development Goals?

Ayala Corp. chairman recognized as pioneer in crafting business strategy and operations around 17...

byElyssa Christine Lopez | September 20, 2017 09:00:00

The Luxuries People Can't Live Without (Infographic)

A recent study found that more people would give up Spotify for Netflix.

byRose Leadem | September 20, 2017 08:00:00

The 3-Step Approach for Testing Out Your Business Idea

Here's how to learn the most from your potential customers and get honest feedback

byVanessa Van Edwards | September 20, 2017 04:00:00

How 6 Business Titans Created a Thriving Team

As the host of podcast Masters of Scale, Reid Hoffman asks everyone from Mark Zuckerberg to Sara...

byEntrepreneur US Staff | September 20, 2017 02:00:00

Financial Adviser: 5 Ways to Make Money from Freelance Consulting Without Losing Your Day Job

Long experience and deep knowledge in a field are key ingredients of a consulting career

byHenry Ong | September 19, 2017 12:00:00

Ex-BlackBerry PH Manager Raises Php32-M for Online Store Selling Electronic Gadgets

Poundit wants to be the top-of-mind for consumer tech products in the country

byLorenzo Kyle Subido | September 19, 2017 11:00:00

Franchise Talk: Wholesale Franchising With the Area Development Franchise

Area development franchises allow accelerated expansion for both franchisor and franchisee

byManuel Siggaoat | September 19, 2017 09:00:00

20 Outstanding Filipino Businessmen and Entrepreneurs You Should Know

Taken from Town and Country's 2017 list of 101 People You Must Meet Right Now, here are exceptional...

byPierre A. Calasanz for TownandCountry.ph | September 19, 2017 08:00:00

Why Achieving Your Goal Should Not Be the Most Important Thing

Everyone has the will to win. It's having the will to prepare to win and enjoying it that is much...

byDavid Meltzer | September 19, 2017 08:00:00