GSIS pensioners to receive benefits, gifts starting Dec. 1

By: 4 years ago

MANILA, Philippines — Pensioners will receive their cash benefits and gifts from the country’s two state-run pension funds as early as Dec. 1.

On Sunday, the Government Service Insurance System (GSIS) said 330,496 retirees would get P3.3 billion in Christmas cash gifts, while the Social Security System (SSS) earlier said it had released P25.2 billion in benefits to its pensioners for the month of December.

“Qualified pensioners who received a Christmas cash gift of P10,000 in 2019 will be granted an amount equivalent to their one-month pension up to a maximum of P10,000,” the GSIS said.

The SSS said the December pension and 13th-month bonus would be credited to pensioners’ bank accounts beginning Dec. 1.

—Ben O. De Vera