The Social Security System (SSS) has allocated roughly P31 billion worth of 13th month pensions and Christmas gifts for the beneficiaries this week.
Aurora Ignacio, SSS president and CEO said that the 13th month pension and Christmas gifts will be given to 3.14 million members.
“We 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,” Ignacio said.
Every December, since 1988, SSS has been giving pensions to its beneficiaries every December.
Who can receive the cash privilege?
• Members who are receiving retirement
• Survivor and total disability pension
Note: Partial disability pensioners may receive their 13th month bonus if their pension duration had run for at least 12 months.
On December 6, the Government Service Insurance System (GSIS) will release their P3.2 billion worth of Christmas bonus to old age and disability pensioners.
The pensioners who have received more than P10,000 in cash last 2020 will be receiving a cash gift amounting to one month of pension, given that they don’t exceed P12,600.
Furthermore, those who were able to receive less than P10,000 in 2020 will be receiving a cash gift amounting to their one-month pension or a maximum of P10,000.
Those who are retired pensioners or disabled living as of November 30, 2021 will still be eligible for the cash gift. However, pensioners who are suspended due to failure to do their annual pensioners’ information revalidation may qualify for the cash bonus provided that they reactivate their status on or before April 30, 2022.
Who cannot receive the cash bonus?
• Survivor pensioners
• Dependent Pensioners
• Pensioners covered by the Portability Law