SSS And GSIS Pensioners To Receive 13th Month Pension And Cash Gift
The Social Security System (SSS) will begin its distribution of the 13th-month pensions and Christmas gifts to their recipients this week, valued at almost ₱31 billion.
Aurora Ignacio, President and CEO of the SSS said that the agency would distribute Christmas gifts and the 13th-month pension to 3.14 million members in time for the holidays. She further added that they have coordinated with partner banks to credit the pensions on given dates during the first week of December so that pensioners can receive and use them in time for the holiday season.
The SSS has been providing 13th-month pensions to its beneficiaries since December since1988. The cash privilege is available to members who are receiving retirement, survivor, or complete disability pensions.
Partial disability pensioners, on the other hand, are only eligible for the 13th-month pension if their pension has been in place for at least 12 months. SSS pensioners would follow their regular crediting schedule after receiving the financial incentive.
Meanwhile, on December 6, the Government Service Insurance System (GSIS) will distribute a ₱3.2 billion Christmas gift to old age and disability pensioners.
According to the GSIS, retirees who got a cash gift of more than ₱10,000 last year will receive a cash gift equal to one month’s pension, but not more than ₱12,600. Meanwhile, pensioners who received less than ₱10,000 cash gifts in 2020 will get a cash gift of one month’s pension up to a maximum of ₱10,000.
The cash gift is available to pensioners who have retired or were disabled on or November 30, 2021. Pensioners who have been suspended because they have not completed their yearly pensioner information revalidation may be eligible for the cash gift if they reactivate their status by April 30, 2022.
Survivor pensioners and pensioners with dependents are not eligible for the cash gift. Pensioners covered by the Portability Law are also ineligible for the Christmas gift.