MANILA, Philippines — State-run Social Security System (SSS) said it will no longer disburse benefit payouts to members through checks and will instead release all claims through SSS-accredited banks. In a statement, SSS president and chief executive officer Aurora Ignacio said lump sum disability, death and retirement benefits and Employees’ Compensation (EC) disability benefits – previously released through checks – are now mandatorily remitted through banks. “This improvement allows the SSS to efficiently and safely administer the payment of benefits to its members and their rightful beneficiaries,” Ignacio said. With the new system in place, Ignacio said qualified members or claimants for any SSS benefit program will now be required to present to the SSS a bank document with his or her name. On the other hand, Ignacio said the SSS may allow exemptions from the mandatory release of benefits through banks.

Source: Philippine Star October 19, 2019 17:37 UTC