Question & AnswerQ&A (GSIS Resolution NO. 239)
The resolution approves and confirms the grant of a Christmas Cash Gift equivalent to one-month pension up to a maximum of P12,600.00 to all Regular Pensioners under specific conditions.
The entitled pensioners are those under R.A. 8291, P.D. 1146, and R.A. 660 who receive regular monthly pensions, including old-age/retirement pensioners, disability pensioners, joint-life beneficiaries, and pensioners under R.A. 7699 receiving pro-rata pensions and living as of December 15, 2004.
Basic Survivorship Pensioners, Dependent Pensioners, deferred annuitants receiving guaranteed pensions in lump sums within the guaranteed period, and separated members who separated before reaching age 60 and will start pensions after December 15, 2004, are not entitled.
The Christmas Cash Gift is equivalent to one month of pension, but it is capped at a maximum of P12,600.00.
Old-age/retirement pensions including joint-life retirees, disability pensions, and joint-life beneficiaries are mentioned.
Pensioners under Republic Act 8291, Presidential Decree 1146, Republic Act 660, and Republic Act 7699 (Portability Law) are covered.
Pensioners must be living and qualified to receive their regular pensions as of December 15, 2004, to be entitled to the Christmas Cash Gift.
The total projected number of old-age/retirement/disability pensioners entitled was 130,684.
The total amount required is Php 623 million.
Pensioners under Republic Act 7699, known as the Portability Law, receiving pro-rata pensions and still qualified as of December 15, 2004, are entitled to the Christmas Cash Gift.