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GSIS to grant Christmas cash gift to pensioners

Date Posted: December 10, 2013

Pensioners of the Government Service Insurance System (GSIS) will receive their annual Christmas cash gift through their eCard accounts by December 10, 2013.

“The Board of Trustees and Management of GSIS realize that our pensioners look forward to receiving their cash gift every year as part of the Christmas season,” said GSIS President and General Manager Robert G. Vergara.

“That is why, the Board wants to release it as soon as possible.” According to PGM Vergara, the pension fund will disburse a total of Php2.1 billion for the cash gift, an amount that is 16.7% higher than last year’s allocation of Php1.8 billion.

Qualified to receive the cash gift are 238,490 old-age/retirement and disability pensioners who have been receiving their monthly pension for at least five years as of December 15, 2012.

Pensioners living abroad and in the Autonomous Region of Muslim Mindanao (ARMM) who are on suspended status at the time of the grant of the Christmas Cash Gift will be ineligible to receive it, but may still qualify if they activate their status not later than April 30, 2014.

Vergara said that pensioners who will receive their cash gift for the first time will be granted an amount equivalent to a month’s pension but not to exceed Php10,000. While pensioners who have been previously receiving a cash gift of more than Php10,000 will get one month’s pension up to a maximum of Php12,600.

In addition, pensioners who resumed their regular monthly pensions after December 2012 (or the five-year guaranteed period) will receive an amount equivalent to a month’s pension up to a maximum of Php10,000.

However, certain pensioners will be ineligible to receive the cash gift. These include survivorship and dependent pensioners; retirees who received in advance, their guaranteed pensions in the form of lump sum and who will be receiving their regular monthly pensions after December 31, 2013; and new retirees from 2009 to 2013 who will be entitled to the Christmas Cash Gift five years after their retirement date.
Pensioners who will activate their status by April 30, 2014 will receive their cash gift not later than May 31, 2014. For questions on the grant of cash gift, pensioners may call the GSIS contact center at 847.4747.