GSIS releases monthly pension earlier

Pensioners set to receive monthly pension on April 2, 2020

By: Irene R. Sino Cruz - CDN Digital | April 02,2020 - 08:45 AM

CEBU CITY, Philippines—Pensioners of the Government Service Insurance System (GSIS) will receive their monthly pension on Thursday, April 2, 2020,  instead of the usual crediting date of every 8th of the month.

GSIS president and general manager Rolando Ledesma Macasaet made the announcement in a statement posted today on the GSIS website.

 “We already deposited their pension yesterday (Wednesday). So by today, April 2, all our pensioners should be able to receive it,” Macasaet said.

He disclosed that the state pension fund has allotted P5.7 billion for the monthly pension of some 511,000 pensioners nationwide.

“We know that most of our retirees rely on their pension for their daily upkeep and maintenance medicines. We hope that this will somehow help ease the burden of our senior citizens during the crisis,” Macasaet added.

GSIS releases the monthly pension electronically through the pensioners’ eCard or UMID card issued by either the Union Bank of the Philippines or Land Bank of the Philippines. 

Pensioners can withdraw the cash from the nearest automated teller machine (ATM).

“The early release of pension is one of the several pro-active measures we are taking to help our pensioners cope with the COVID-19 crisis” he added.

GSIS had also extended the deadline for the Annual Pensioners Information Revalidation (APIR) to May 15, 2020. 

This means that all old-age and survivorship pensioners born in March and April do not need to personally report to GSIS during their birth months. Instead, they could renew their active status starting May 15, 2020.

“We do not want to expose our pensioners to any unnecessary risk, especially in light of reports that elderly people are the ones highly vulnerable to the COVID-19 virus. We want them to stay home for the time being,” Macasaet said.

Under normal circumstances, all old-age and survivorship pensioners are required to personally report to any GSIS office or through the GSIS kiosk during their birth month to continue receiving their pension. Pensioners residing abroad can revalidate their status via Skype. /bmjo

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TAGS: COVID-19, early release, GSIS, release pension, schedule

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