Things That Make My Day

Things That Make My Day
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Monday, December 14, 2015

on ACOP

Forgot to do your annual ACOP?

Well, once your pension gets suspended - you have to go visit the nearest SS branch.  Why? 
The nearest SSS branch is a better choice than the bank because you would not have to contend with the bank's schedule (whenever that would be) of informing SSS.

Now, if you finally get to do your ACOP, it will take a minimum of 2 months to reinstate this.  

The reason for the apparent length of time is SSS processes pensions a month ahead of time.  Thus, March pensions are generated and deposited to the banks by February.  So, if you do your ACOP say in January, the earliest your pension will be reinstated is March, and that is - if you are lucky enough to make the cut-off for encoding transactions prior to the processing.

Nothing will make this faster, not even if you complain.  It is a matter of batch processing and cut-offs.  Not even if you call SSS every hour. 

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