THE GOVERNMENT Service Insurance System (GSIS) will be releasing P3.47 billion in Christmas cash gifts to its more than 300,000 elderly and disability pensioners starting Dec. 6.
The GSIS said the cash gift, which will be credited to pensioners’ GSIS e-card, is equivalent to their one-month pension up to a maximum of P10,000.
“We are announcing this news early because we know that our pensioners are eagerly awaiting it, so they can plan when to withdraw and decide what to purchase with their benefits,” GSIS President and General Manager Jose Arnulfo “Wick” Veloso said in a statement in Filipino.
Mr. Veloso said that GSIS old-age and disability pensioners who are receiving their regular monthly pensions and are living as of Nov. 30 are qualified for the holiday gift.
He added that those who have their pensions suspended as of Dec. 31 because of failure to comply with Annual Pensioners Information Revalidation (APIR) will receive their cash gift after they finish the revalidation process. — Jomel R. Paguian