SSS Pension Date 2024: Complete Month Wise Schedule, Payment Dates and Amount
Hey there! This article covers the 2024 SSS Pension dates, giving you a detailed monthly schedule, payment dates, and amounts. The Social Security System provides crucial financial assistance to Filipino pensioners, aiding with living costs. The Federal Philippines Government has implemented specific changes in the pension for 2024 to tackle rising living expenses and inflation. Pensioners can expect their monthly payout in the last week of each month. Keep reading to stay informed about the SSS Pension Date 2024, including the payout amounts and more details.
SSS Pension Date 2024
The Philippines’ Federal Government extends monthly and lump-sum pension benefits to elderly citizens, offering crucial support to retirees. This pension plan ensures financial security, acting as life insurance and providing assistance based on individuals’ contributions.
In 2024, January’s SSS pension aid was delivered on the 31st. Beneficiaries receive assistance based on factors like age, income, and total contributions. The Social Security System will disburse February’s aid on the 29th. Eligible beneficiaries receive their pension benefits directly, with financial assistance deposited directly into their bank accounts.
Complete Month Wise Schedule
In the Philippines, the Social Security System ensures all eligible private sector workers receive mandatory defined benefits. This social welfare program offers financial aid to low-income households on the federal SSS Pension Date. In 2024, retirement benefits will follow the monthly schedule outlined below.
The SSS amount is paid on behalf of the member, providing a lump sum to retirees or disabled individuals qualifying for monthly pension benefits. Retirement compensation depends on contributions, with benefits tied to total earnings for the month. Here 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 |
On these dates, SSS pensioners will get their monthly federal assistance through direct deposit. If you need to update your direct deposit information, here’s how:
Step 1: Go to the main portal and log in to your account.
Step 2: On the homepage, find the My Account option, click on it, and access your information table.
Step 3: Select Direct and click on view/edit. Enter your bank account details.
Step 4: Fill in the new routing number, input your new account number, and other required details. Click the accept button.
By following these steps, you can change your direct deposit account. After the update, expect a confirmation email from federal authorities. Starting the next month, pensioners will receive their SSS Pension on the federal date.
How to Receive Your SSS Pension?
When claiming SSS pension, eligible recipients must open a savings account. The Social Security System will then deposit the pension into the designated bank, and retirees have two options to receive their retirement benefits:
- Lifetime Monthly Pension: This starts after applying for SSS pension benefits. The applicant needs to reach the age of 60 and can decide to work again. However, the monthly pension will be paused until they turn 65.
- Lump Sum Payment: Members choose the first 18 months of pension, which is then discounted based on SSS rates. From the 19th month onwards, the monthly pension continues. The lump sum amount equals the total assistance from both employer and employee. Monthly pensioners will receive their SSS Pension Date.