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Thursday, May 2, 2024

GSIS releases P8b worth of pension on April 6 ahead of schedule, holidays

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Government Service Insurance System (GSIS) said over the weekend it released the pension payments for old-age, disability and survivorship pensioners April 6 ahead of schedule.

The GSIS said it regularly releases social security payments every eighth of the month. The country has two upcoming regular holidays, including Araw ng Kagitingan (Day of Valor) on April 9 and Eid’l Fitr (Feast of Ramadhan) on April 10 per Malacañang Proclamation No. 514.

“We are prioritizing the release of the pension payments this April as we join the nation in the observance of Araw ng Kagitingan and celebrate the advent of Eid al-Fitr,” GSIS president and general manager Jose Arnuflo Veloso said.

Almost P8 billion was allotted for the monthly pension of more than 580,000 GSIS old-age, pensioners nationwide.

GSIS electronically credits the pension through the unified multipurpose identification (UMID) card or electronic card (eCard) issued by the Land Bank of the Philippines or the UnionBank of the Philippines. Pensioners may withdraw the cash from the nearest automated teller (ATM) machine.

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GSIS pensioners and members are advised to use the GSIS Touch Mobile app during the holidays to transact online with the pension fund.

Members and pensioners may also access the app to apply for loans and claims and check their GSIS records.

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