The Government Service Insurance System (GSIS) has advanced the release of its members’ pension for the month of April amid the enhanced community quarantine.
GSIS President and General Manager Rolando Ledesma Macasaet said the pension will be released before April 8.
“Para naman po sa mga pensyonado, maaga po nilang matatanggap ang mga pensyon nila ngayong Abril. Karaniwan po sa April 8 dumadating ang pensyon, (For our pensioners, they will receive their April pension early. Usually it is released on April 8)” Macasaet said in a statement.
The GSIS already waived penalties for delayed remittances and provided an extension for all premium remittances and loan payments for the month of March.
Macasaet said these payments can be paid in May without any added penalties.
Meanwhile, the GSIS also granted emergency loans for their members and pensioners. However, Macasaet said they would need a bit of time for them to activate its nationwide implementation.
“GSIS offers a Php20,000 emergency loan to active members and pensioners with an interest rate of 6%, payable in three years,” their statement reads.-AAC