The Government Service Insurance System (GSIS) has assured their 330,496 elderly pensioners will get their Christmas cash gifts in their e-Cards starting December 1.
announced it will start to release a total of PHP3.3 billion in Christmas cash gift to a total of 330,496 old-age and disability pensioners starting Dec. 1.
“Every year, our pensioners look forward to receiving the cash gift which they call their Christmas bonus. Thus, we made sure that the cash gift will be credited to their electronic card (eCard) before Christmas this year to somehow relieve them of the additional financial expenses during the Christmas season,”
GSIS president and general manager Rolando Ledesma Macasaet said qualified pensioners who received P10,000 in Christmas cash gift in 2019 will get the equivalent of one-month pension, while those who received more than P10,000 last year will a maximum of P12,000.
The GSIS Christmas cash gift for living senior pensioners is mandated under RA 8291, Presidential Decree 1146, and RA 660.
Not eligible for the Christmas cash gift are survivorship pensioners, dependent pensioners, pensioners under RA 7699 (Portability Law), those receiving pro-rata pension, and new pensioners from 2016 to 2020 who availed of immediate pension under RA 8291. The latter will start receiving their Christmas cash gift five years after their retirement date.