National News

Php 3B To Be Released to Pensioners as Christmas Cash Gift

Just recently, the Government Service Insurance System, GSIS, is set to release Php 3 billion to old age and disability pensioners as Christmas Cash Gift starting December 15. Those entitled to receive the benefit include ‘active old age and disability pensioners under Republic Act No 8291, Presidential Decree No 1146, and Republic Act 660 who are receiving regular monthly pension and are still living as of November 30.

“We know that our 324,348 pensioners are looking forward to the GSIS Christmas Cash Gift which they fondly call their Christmas bonus. Thus, we made sure that it will be credited to their e-card a few days before Christmas day so they can spend it in celebrating this joyous occasion with their families,” states Rolando Ledesma Macasaet, GSIS Chairman and Acting President as well as General Manager.

Moreover, suspended pensioners as of November 30 are also eligible to receive the cash gift, if they activate their status prior April 30, 2020.

“Pensioners whose 2018 Christmas Cash Gift was above PHP10,000 will receive an amount equivalent to a one-month current pension up to a maximum of PHP12,600. On the other hand, those whose 2018 Christmas Cash Gift was PHP10,000 and below will be granted a one-month current pension up to a maximum of PHP10,000. Pensioners who resumed their regular monthly pension after December 31, 2018 (after the five-year guaranteed period) will be granted a one-month current pension up to a maximum of PHP10,000,” in an article by the Philippine News Agency.

Those who are not qualified to receive the cash gift are ‘basic survivorship pensioners, dependent pensioners; pensioners under RA 7699 (Portability Law); and those receiving pro-rata pension. Retirees who received in advance their guaranteed pensions in the form of lump sums, who are still within the guaranteed period, and who will be resuming their regular monthly pensions after December 31, 2019, are also not entitled to the benefit’.

Those interested to know more are encouraged to visit the GSIS website, www.gsis.gov.ph, or Facebook account, @gsis.ph; email gsiscares@gsis.gov.ph; or call the GSIS Contact Center at 8847-4747 if in Metro Manila or 1-800-8-847-4747 (for Globe and TM subscribers) or 1-800-10-847-4747 (for Smart, Sun, and Talk ’N Text subscribers).

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