SSS: LandBank checks validity extended to 180 days

The Social Security System (SSS) has extended the validity of Land Bank of the Philippines checks to up to 180 days from the issue date, in efforts to give members and beneficiaries more time to encash.

The SSS on Wednesday said the LandBank approved the request to extend the validity of the checks, previously only at 90 days, given the restrictions put in place amid the COVID-19 pandemic.

"[T]he initiative aims to provide its members with more time to encash their benefit and loan checks that they might have received later than the usual delivery time due to the COVID-19 situation," it said.

The LandBank earlier this year also granted the appeal of the SSS to extend the validity of SSS-issued LandBank checks generated from February to June 2020 to 180 days.

The SSS is mandated to promote social justice and provide protection to members and families against the hazards of disability, sickness, maternity, old age, death, and other contingencies resulting in loss of income or financial burden.

Meanwhile, the LandBank is mandated to promote countryside development while remaining financially viable. -MDM, GMA News