GSIS to release P3B in Christmas cash gifts to pensioners starting Dec. 15

The Government Service Insurance System (GSIS) will be releasing P3.12 billion worth of Christmas cash gifts to old-age and disability pensioners starting December 15.

In a statement, GSIS Chairman Rolando Ledesma Macasaet said over 324,000 pensioners will receive the cash gift.

“We made sure that it will be credited to their card a few days before Christmas day so they can spend it in celebrating this joyous occasion with their families,” he said.

Active old-age and disability pensioners who are still receiving regular monthly pension and are still living as of November 30, 2019 are entitled to the Christmas cash gift.

Suspended pensioners as of November 30, 2019 are still eligible for the cash gift provided that they activate their status with GSIS on or before April 30, 2020.

Pensioners who received over P100,000 Christmas cash gift in 2018 will receive an amount equivalent to one month of pension up to a maximum of P12,600.

Pensioners who received P10,000 and below last year will be granted one month of current pension up to a maximum of P10,000.

Pensioners who resumed their regular monthly pension after December 31, 2018 will be granted one month of current pension up to a maximum of P10,000.

The following are not qualified to receive the Christmas cash gift: basic survivorship pensioners, dependent pensioners, pensioners under the Portability Law, those receiving pro-rata pension, and retirees who received their guaranteed pensions in advance and who will resume their regular monthly pensions after December 31, 2019.

Additionally, new retirees between 2015 and 2019 who availed of immediate pension under Republic Act 8291 will also not receive the cash gift this year.

GSIS members who resigned or separated from government service between 2006 and 2019 before reaching 60 years old, and who started receiving their regular monthly pension between 2015 and 2019, will receive the Christmas cash gift once they have been regular pensioners for at least five years. —LDF. GMA News