MANILA, Dec. 4 -- The Government Service Insurance System (GSIS) will release PHP3.93 billion in Christmas cash gifts to 411,692 eligible pensioners on Dec. 4, marking the first year that pro-rata and Portability Law (RA 7699) pensioners are included in the annual benefit.

GSIS said the December monthly pension will also be credited earlier than usual, moving from Dec. 8 to Dec. 5 to give pensioners more time to prepare for the holidays.

GSIS President and General Manager Wick Veloso said the expanded coverage aims to ensure that the institution's senior members feel fully supported during the Christmas season.

"We want our pensioners to feel valued and supported, especially during the Christmas season. That is why we expanded the cove...