MANILA – State pension fund Government Service Insurance System (GSIS) will release the 2021 Christmas cash gift amounting to PHP3.2 billion to its old-age and disability pensioners starting December 6.
The benefit is also known to pensioners as their “Christmas bonus.”
"Sa kabila ng hinaharap nating pagsubok dahil sa pandemya, hangad naming makatulong pa rin sa pagbibigay ng masaya at maginhawang Pasko sa aming mga pensiyonado. Kaya naman siniguro ng GSIS Board na maaga ang ecrediting ng Christmas cash gift sa kanilang mga UMID card o eCard (Despite the challenges we are facing because of the pandemic, we want to still help in providing a merry and comfortable Christmas to our pensioners. That is why the GSIS Board has ensured the early ecrediting of Christmas cash gift in their UMID card o eCard)," GSIS president and general manager Rolando Ledesma Macasaet said in a statement Thursday.
For pensioners who received more than PHP10,000 in cash gift in 2020, they will be granted an amount equivalent to one-month current pension but not exceeding PHP12,600.
For those who received PHP10,000 and below in 2020, they will receive a cash gift equivalent to one-month current pension up to a maximum of PHP10,000.
Those who resumed their regular monthly pensions after Dec. 31, 2020 (after the five-year guaranteed period) will be given an amount equivalent to one-month current pension up to PHP10,000.
Qualified to receive the cash gift are old-age or disability pensioners who are living as of Nov. 30, 2021 and retired under Republic Act (RA) No. 8291 (GSIS Act of 1997), Presidential Decree No. 1146, and RA 660 (Magic 87).
Those who are on suspended status due to non-compliance with the Annual Pensioners Information Revalidation (APIR) will be eligible for the cash gift provided they activate their status on or before 30 April 2022.
Survivorship pensioners, dependent pensioners, pensioners under RA 7699 (Portability Law), and those receiving pro-rata pension are not eligible for the Christmas cash gift.
New retirees from 2017 up to 2021 who availed of immediate pension under RA 8291 will receive their first annual Christmas cash gift five years after their retirement date.
For retirees who availed of the five-year lump sum, they will be entitled to the benefit after the five-year guaranteed period or once they start receiving their monthly pension.
Similarly, members who were separated from service from 2006 to 2021 before reaching the age of 60 and who started receiving their regular monthly pension between 2017 and 2021 will be entitled to the cash gift once they have been regular pensioners for at least five years. (PR)