These words will tell you about the SSS Pension Date 2024: Full Month-by-Month Schedule, Payment Dates, and Amount. Everyone who retires in the Philippines gets money every month from the Social Security System. These federal benefits help people who are qualified with their living costs and other needs. The Federal Philippines Government has made careful changes to the pension plan for 2024. These changes are meant to deal with inflation and the rising cost of living. The pensioners get their money every month in the last week of the month. Read on to learn more about the SSS Pension Date 2024, its amount, and other information.
SSS Pension Date 2024
Philippines seniors can get regular and one-time pensions from the Federal Government of the Philippines. These are the government benefits that employees can get as one of the easiest ways to get help. The pension plan gives them financial protection and stability after they retire. It works as life insurance, financial help, and support based on how much they contribute.
The SSS sent its January pension help on January 31, 2024, for the current year. All of the recipients get this help based on their age, income, and overall contributions. The February help from Social Security will be given out on February 29. Participants who are qualified receive their pension benefits directly on the SSS Pension Date, and the money is deposited directly into their bank accounts.
Complete Month Wise Schedule
In the Philippines, all qualified private sector workers are required by the Social Security System to receive certain benefits. The SSS is a social welfare program that helps low-income families by giving them money on the government SSS Pension Date. For the year 2024, the retirement benefits will be given out every month on the plan below.
The person does not have to pay the SSS amount. People who are retired or disabled and qualified for monthly pension benefits are given the lump sum amount. The retirement pay is based on the amount contributed, and the benefits are based on the total amount earned that month. These are the SSS pension dates for 2024:
| Month | Date |
| January 2024 | 31 |
| February 2024 | 29 |
| March 2024 | 29 |
| April 2024 | 30 |
| May 2024 | 31 |
| June 2024 | 28 |
| Jule 2024 | 31 |
| August 2024 | 30 |
| September 2024 | 30 |
| October 2024 | 31 |
| November 2024 | 29 |
| December 2024 | 31 |
The SSS pensioner will get their federal monthly help on these times. The receivers will get their benefits through a direct deposit. If you want to change your direct deposit information, you need to do the following:
Step 1: Go to the main website and sign in to your account.
Step 2: On the home page, there is a choice that says “My Account.” Click on that, and you will see a table with your information.
Step 3: Pick out the Direct and click on “view/edit.” Here, you need to sign up with the information about your bank account that you already gave.
Step 4: Next, fill out the new routing number and your new account number with all the necessary information. Finally, hit the “Accept” button.
If you follow these steps, you can change your direct deposit account. Once the change is made, you will get a proof letter from the federal government. Beginning next month, SSS pensioners will get their money on the government date.
How to Receive Your SSS Pension?
In order to get their SSS pension, people who are qualified must open a savings account. There are two ways for the retiree to get their retirement benefits: The Social Security Administration will send the salary to the chosen bank;
After applying for SSS pension benefits, you will start getting a monthly pension for life. They have to be at least 60 years old and decide they want to work again. The monthly salary will also stop until they turn 65.
To get a lump sum payment, a member must choose their first 18 months of income. After that, the amount will be reduced based on the SSS’s rates. From the 19th month on, the monthly salary will keep coming.
The lump sum amount is equal to the total assistance of the employer and employee. The monthly pensioners will receive their SSS Pension Date.