GSIS releases pension early for Holy Week
MANILA, Philippines–The Government Services Insurance System (GSIS) announced Tuesday that it will release the pension of its 562,000 pensioners on Wednesday, three days ahead of the regular schedule.
“Our pensioners will receive their pension on April 5 instead of the usual e-crediting on the eighth of every month,” said GSIS President and General Manager Wick Veloso.
Veloso said the state pension fund understands the urgency of releasing the pension early as most commercial establishments will be closed during the Holy Week.
“Semana Santa is one of the most important religious occasions in our country and we want our pensioners to prepare for it without having to worry about their necessities,” he said.
Veloso also said that all government agencies, including GSIS, will be closed from the afternoon of April 5 until April 10. He said that this is why the agency decided to release the pension three days early.
The pension is sent electronically through the Unified Multi-Purpose ID (UMID) card or temporary electronic card (eCard), which is issued by either the Land Bank of the Philippines or the Union Bank of the Philippines. Pensioners may withdraw the money from the nearest automated teller machine (ATM).
The GSIS pensioners and members can still use the GSIS Touch Mobile app during the holiday period, the state pension fund added. By using their smartphones with the internet, they may check their records and apply for loans and claims anytime and anywhere. Pensioners may also schedule their Annual Pensioners Information Revalidation.
2022 GSIS non-life insurance premiums reached P6.8B