GSIS Expands Christmas Cash Gift to Include More Pensioners
Manila: The Government Service Insurance System (GSIS) has announced the release of PHP3.93 billion in Christmas cash gifts to 411,692 eligible pensioners on December 4. This marks the first year that pro-rata and Portability Law (RA 7699) pensioners are included in this annual benefit. According to Philippines News Agency, GSIS will also credit the December monthly pension earlier than usual, moving the date from December 8 to December 5, to provide pensioners with more time to prepare for the holidays. GSIS President and General Manager Wick Veloso explained that the expanded coverage aims to ensure that the institution’s senior members