SOME 2.83 million pensioners of the Social Security System will receive their 13th month pension starting today.
Aurora Ignacio, SSS president and CEO, said yesterday the pension fund has released at least P12.71 billion for the 13th month pension, through banks and checks.
The amount released this year is 7.6 percent higher than the P11.81 billion released for 2018, following the increase in the number of pensioners from 2.66 million.
Of the pensioners, majority or about 2.82 million will receive the 13th month through their assigned bank accounts while the remaining 14,000 will receive it through check payment.
“The checks were released and mailed as early as November 26 so that our pensioners will receive it on time for the Christmas season,” Ignacio said.