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Paying SSS benefits through banks
FOR some time now, the Social Security System (SSS) has required applicants for retirement, disability and death pensions to open a pension savings account in the bank of their choice, where their social-security benefits will be deposited. What used to be payments made in checks are now done through the banks. It is safer, faster and more convenient. Today only 15,796 of the nearly 1.8 million pensioners continue to receive their pensions in checks mailed to them…Read More
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