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Disbursement of GSIS 10k Christmas cash gift start by December 1

Disbursement of GSIS 10k Christmas cash gift start by December 1

Pensioners will start receiving their Christmas cash gift from the Government Service Insurance System (GSIS) beginning December 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 in a press release on Sunday.

In a board resolution published by GSIS, pensioners who received a cash gift of above P10,000 last year will receive this year one month’s worth of current pension not exceeding P12,600.

Meanwhile, pensioners who secured ₱10,000 and below a year ago will receive next month an amount equal to one-month pension, not exceeding ₱10,000.

Eligible to receive the Christmas cash gift are old-age and disability pensioners under Republic Act 8291, Presidential Decree 1146, and RA 660 who are receiving their regular monthly pensions and who are still living as of 30 November 2020.

Pensioners whose pensions were suspended before the Annual Pensioners Information Revalidation (APIR) requirement was temporarily lifted in March 2020 and are still on suspended status as of Dec. 1, 2020 will also receive the cash gift, provided they activate their status with GSIS on or before June 30, 2021

The disbursement of the cash gift should start by December 1.