The Government Service Insurance System (GSIS) is shelling out P2.1 billion to all active status pensioners. Pensioners will be receiving this cash gift through their electronic cards.
According to Robert Vergara, GSIS president and general manger, there are 238, 490 active pensioners who are continuously receiving their monthly retirement benefits for five years will be receiving this cash gift.
However, not all pensioners are eligible for the cash gift and these include:
- survivorship and dependent pensioners;
- retirees who got in advance, their guaranteed pensions in lump sum and who will be receiving their regular monthly pensions after December 31, 2013; and
- new retirees from 2009 to 2013 who will be entitled to the Christmas cash gift five years after their retirement date.