“Tulad mo’y isang ilog,
na nagbibigay ng buhay.
Patuloy kang dumadaloy
sa panahon, sumasabay…
Kaagapay, kaibigan,
kabalikat sa pagbabago,
kabalikat magpakailanman.”
AS I sing along with the soft melody from the Social Security System hymn, “Kabalikat,” I cannot help but feel proud to know that SSS is like a river that continuously flows and gives life to every working Filipino. We continue to endeavor for our institution to live up to its promise of providing prompt, convenient, reliable, and meaningful social security protection services to its members, pensioners and beneficiaries.
Last year, our 63rd founding anniversary theme “Responding to the Times through expreSSS” encapsulates our goal to give SSS members easier, faster, and simpler transaction experience through digitalization.
We strongly encourage our members, employers, and pensioners to make full use of the mandatory enrollment of disbursement account requirement by using Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating banks, Electronic wallet (E-wallet), or Remittance Transfer Companies (RTCs)/Cash Payout Outlets (CPOs) in the Disbursement Account Enrollment Module (DAEM) of the SSS. This electronic service at the My.SSS portal was developed to facilitate cashless disbursement of benefits and loan proceeds, highlighted now with the Covid-19 pandemic we are facing.
To use this online facility, members, employers, and pensioners must already have a My.SSS account or is registered with the My.SSS portal. However, for those members who are yet to create their My.SSS accounts, they may use this link: https://bit.ly/2NbXTf2.
To proceed with the DAEM, members and employers should visit www.sss.gov.ph and log-in to their My.SSS account. Click the Disbursement Account Enrollment Module (DAEM) located at the E-Services Tab, read the reminders, and tick the box found before the statement “I certify that I have read and understood the foregoing reminders on account enrollment,” then click “Proceed.” Members may select their choice enrollment option—bank or e-wallet/RTC/CPO, encode bank account number or mobile number (for e-wallet/RTC/CPO), and click “Select Document Type” to attach supporting document/proof of account. Members can select only one of the following files to be uploaded: ATM card with account number and name, bank certificate/statement (issued not earlier than 2019), foreign remittance receipt, passbook, screenshot of online/mobile banking account, validated deposit slip or screenshot of mobile app account (for e-wallet).
Photos or scanned documents should be clear and readable to avoid further delays in enrollment. Additional verification process may be conducted by SSS to validate the member’s ownership to prevent any fraudulent claim in the future.
After a successful file download, tick the box before the statement “I agree that the information…” and then click Enroll Disbursement Account. An acknowledgment of the disbursement account enrollment and another e-mail on the status/result of the enrollment will be sent to the member’s e-mail account.
With the disbursement account ready, loan and benefit proceeds of the SSS member will be credited upon application and settlement of their loan or benefit applications.
I would also like to share some important reminders to our members and covered employers who will use the facility to ensure the correctness and validity of their disbursement accounts before enrolling them. This is to avoid denial of application, which usually causes delays in disbursement account enrollment. We understand that time is essential but nevertheless, it is best to double-check the information they have encoded before submitting them.
When enrolling bank accounts, online users must ensure that their disbursement account is a Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating bank. The list of these banks can be viewed through this link: https://bit.ly/3qz4Ll3.
The member’s name or the employer’s business name registered in SSS should be similar with the bank account name being enrolled in DAEM. Do not encode closed, dormant, dollar, incorrect, joint/or/and-or, time deposit, and non-existing bank accounts as well as bank accounts with restrictions and prepaid accounts because these will be considered invalid.
They also must make sure that the account number is entered and not the ATM card number. For those who are using cash cards issued by banks, they must ensure that their bank allows its use for SSS disbursements. Lastly, when encoding bank accounts, it should be entered as a continuous string of numbers, without spaces or any non-numeric characters. For e-wallets and Remittance Transfer Companies/Cash Payout Outlets, mobile numbers must be encoded without any space or non-numeric character.
I hope these reminders will guide you to ensure the successful enrollment of your disbursement account through DAEM. Step-by-step guide and other information may be found on the official Facebook Page of the Philippine Social Security System.
In the spirit of our hymn, we remain positive that our efforts at SSS will be appreciated by our stakeholders as we try our best to serve them using the most practicable and accessible ways possible.
Have a nice week ahead!
Aurora C. Ignacio is SSS president and chief executive officer.
We welcome your questions and insights on the topics that we discuss. E-mail mediaaffairs@sss.gov.ph for topics that you might want us to discuss.
3 comments
I think the reason why most people do not want to increase the premium contribution is that,
besides the fact that most Filipinos do not see the value in saving, they think the SSS is a pyramiding
scam. Pls. do not get me wrong. I think the SSS is one of the best ways to save for the future.
They do not know that what pensioners are getting is the income from the investments made
with their contributions when they were still active paying members. They think that the premiums
being paid today are what the pensioners are getting are pensions.
Good evening po. Ask lang ko lang po kong pano po makapag open account .para maka pag salary loan po .sa sss
SSS officers,
Marami po sa mga members ng sss ay Pilipino at almost slow learner in English. Sana kung magbigay kayo ng mga info ay sana in Tagalog kasi marami po ang nagtatanong kung ano ang mga policy na gusto nyo update sa tao. Na minsan po di nila appreciate kasi nga po di nila masyado naintindihan kung ito po ba ay makatulong o baka po yon mga contribution nila ay gusto itaas pero pagdating sa benefits or pension or loan ay maraming tanong kya jan po dumadami ang mga nananamantala dahil sa kakulangan ng kaalaman ng members. Sana ipaliwanag po ng maayos. Salamat po