MANILA - The Social Security System said members with "special cases" can start withdrawing on Friday up to P3,000 in retroactive pension increases.
The state-run pension fund said it released P71.84 million to banks for an estimated 41,000 fall under the following: death claim with more than one payee and one of them is overpaid; payees with withheld share; and those covered by a Bilateral Social Security Agreement between the Philippines and other countries and the Portability Law.
The maximum P3,000 payout represents three months worth of increases at P1,000 per month that was approved by President Rodrigo Duterte.
Pensioners who availed for the advance 18 months pension from August 2015 will receive the P1,000 additional benefit on May 12 to cover the remaining months from January 2017, the SSS said in a statement.
About 13,000 pensioners with unpaid loans will not receive the P1,000 increase to offset outstanding obligations, it said.