The Land Bank of the Philippines (LANDBANK) will ensure the timely and efficient
disbursement of payroll to over 6,300 employees of the Social Security System (SSS)
nationwide starting 01 September 2023.
Through the signing of the Service Level Agreement (SLA) between SSS and
LANDBANK, the state-run Bank’s ATM payroll facility will service the direct crediting
of salary, allowances, bonuses, and provident fund and loan proceeds to the
LANDBANK accounts of SSS employees.
SSS President and CEO Rolando L. Macasaet and LANDBANK President and CEO
Lynette V. Ortiz sealed the partnership on 23 August 2023 at the SSS Main Office in
Quezon City. They were joined by SSS Executive Vice President Elvira G. Alcantara-
Resare and Vice President Nympha M. Ragel, alongside LANDBANK officials
Executive Vice President Liduvino S. Geron, Executive Vice President Alex A. Lorayes,
and Senior Vice President Leila C. Martin.
“LANDBANK is privileged to service the payroll requirements of SSS and make
banking more convenient for their employees through our extensive network
nationwide. We bring to the table our expertise in facilitating payroll disbursements
for over 2 million government employees,” said LANDBANK President Ortiz.
SSS employees can transact and withdraw cash from LANDBANK’s 606 branches and
branch-lite units and 2,941 ATMs, as well as 2,699 ATMs of 7-Eleven convenience
stores in selected areas in the country.
They can likewise conveniently complete fund transfers and bills payment
transactions online using the LANDBANK Mobile Banking App and Link.BizPortal, the
Bank’s web-based payment channel.
During the same event, LANDBANK and SSS also signed a Memorandum of
Understanding (MOU) for the efficient collection of voluntary SSS contributions from
the Bank’s employees.
Under the MOU, LANDBANK will automatically deduct monthly SSS payments from
the payroll of Bank personnel who opted for voluntary contribution, and directly
remit to SSS.
LANDBANK is celebrating its 60th anniversary, representing six decades of uplifting
lives, empowering communities, and serving the nation — all in pursuit of an
inclusive and sustainable economy.
