NextGen Day

Beginning December 6, the state pension fund Government Service Insurance System (GSIS) will distribute the PHP3.2 billion Christmas cash present for 2021 to its old-age and disability pensioners.

Pensioners refer to the reward as their “Christmas bonus.”

“Hangad naming makatulong pa rin sa pagbibigay ng masaya at maginhawang Pasko sa aming mga pensiyonado sa kabila ng hinaharap nating pagsubok dahil sa pandemya. Ang ecrediting ng Christmas cash gift sa kanilang mga UMID card o eCard ay siniguro ng GSIS Board (Despite the hardships we are facing as a result of the epidemic, we nevertheless wish to contribute in giving a pleasant and comfortable Christmas to our retirees.) As a result, the GSIS Board has ensured that Christmas financial gifts are ecredited to their UMID card o eCard as soon as possible “Rolando Ledesma Macasaet, president and general manager of GSIS, stated in a statement on Thursday.

Pensioners who received a monetary present of more than PHP10,000 in 2020 will be given an amount equal to one month’s existing pension, but not more than PHP12,600.

Those who earned less than PHP10,000 in 2020 will get a cash gift equal to one month’s current pension, up to a maximum of PHP10,000.

Those who resumed their normal monthly pensions after December 31, 2020 (the end of the five-year guarantee period) will receive an amount equal to one month’s current pension up to PHP10,000.

Old-age or disability pensioners who are living as of November 30, 2021 and retired under Republic Act (RA) No. 8291 (GSIS Act of 1997), Presidential Decree No. 1146, and RA 660 are eligible to receive the monetary gift (Magic 87).

Those whose status has been suspended owing to non-compliance with the Annual Pensioners Information Revalidation (APIR) will be eligible for the monetary reward if they activate their status by April 30, 2022.

The Christmas monetary present is not available to survivorship pensioners, dependent pensioners, pensioners under RA 7699 (Portability Law), or those getting pro-rata pension.

New retirees who took an instant pension under RA 8291 from 2017 to 2021 will get their first annual Christmas cash present five years after their retirement date.

Retirees who took advantage of the five-year lump sum will be eligible for the benefit when the stipulated five-year term has passed or once they begin collecting their monthly pension.

Members who were separated from service before attaining the age of 60 between 2006 and 2021 and began receiving their regular monthly pension between 2017 and 2021 will be eligible for the monetary gift after five years of regular pension.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---