Manila, Philippines – The Government Service Insurance System (GSIS) will release P3.7 billion worth of Christmas cash gifts to qualified pensioners starting December 5, 2024.
GSIS said 358,310 pensioners are qualified to receive the Christmas cash gift which is equivalent to one-month’s pension, but capped at P10,000.
It is directly credited to the GSIS eCards of qualified old-age and disabled pensioners.
Furthermore, the pension fund said it will also credit December pensions two days earlier on December 6, instead of the regular schedule on the 8th of the month “to help pensioners prepare for on holidays.
According to GSIS president and general manager Wick Veloso, this Christmas cash gift is their way to show their gratitude to our pensioners who dedicated their lives to serving the Filipino people.
Eligible to receive the cash gift are aged and disabled pensioners under RA 8291, RA 660, and PD 1146 who are in active status and have been receiving their monthly pension for at least five years since November 30, 2024.