Date Posted: December 10, 2014
State pension fund Government Service Insurance System (GSIS) is set to release the Christmas cash gift to pensioners through their eCard accounts starting December 10, 2014.
GSIS President and General Manager Robert G. Vergara said a total of Php2.42 billion will be disbursed for this benefit, 15 percent higher than last year’s allocation of Php2.10 billion.
Old-age (retirement) and disability pensioners who have been receiving regularly their monthly pension and whose 2013 cash gift is above Php10,000 shall be granted an amount equivalent to their one-month pension but not to exceed Php12,600.
Those whose 2013 cash gift is Php10,000 and below are entitled to receive one-month pension but not to exceed Php10,000.
Retirees who availed of five-year lump-sum retirement benefit and had resumed their regular monthly pension after December 31, 2013 will receive their cash gift for the first time this year in an amount equivalent to a month’s pension up to a maximum of Php10,000.
Pensioners living abroad and those in the Autonomous Region of Muslim Mindanao who are on suspended status as of December 31, 2014 are also eligible to receive the cash gift provided they activate their status not later than April 30, 2015.
Survivorship and dependent pensioners, however, are not entitled to receive the benefit. Also ineligible are retirees who will be receiving their regular monthly pension after December 31, 2014.
Similarly, new retirees from 2010 to 2014 (they will only be entitled to the cash gift five years after their retirement date), members who were separated from the service from 2006 to 2014 before reaching age 60 (they will be entitled to the cash gift five years after being regular pensioners), pensioners under Republic Act 7699 (Portability Law), and those receiving pro-rata pension are not qualified as well.
Questions on the grant of cash gift may be directed to the GSIS contact center at 847-4747.