The Government Service Insurance System (GSIS) will open its solar energy loan to qualified pensioners today, expanding its financing programs for retirees as it observes National Pensioners’ Week.
The Ginhawa Solar Energy Loan (GSEL) program helps active government workers finance the purchase and installation of residential solar energy systems. It became available in March 2026.
Under the program, qualified pensioners may borrow up to P500,000, payable over five years at an annual interest rate of 5 percent. The loan does not carry a service fee or application fee.
Furthermore, the GSEL expansion forms part of several changes GSIS has made to its benefits and services for retirees.
Among these is the expansion of the annual Christmas Cash Gift, which now covers qualified pro-rata pensioners and pensioners covered by the Portability Law.
Consequently, eligible pensioners receive an amount equivalent to one month’s pension or P10,000, whichever is lower.
In addition, GSIS also recently raised its funeral benefit to P50,000 from P30,000 for qualified members and pensioners who died on or after July 13, 2026.
Moreover, it likewise removed the previous cap on survivorship pensions, allowing qualified surviving spouses to receive up to 50 percent of the deceased member or pensioner’s pension.
Furthermore, GSIS has also been providing financial relief through its Balik Ginhawa loan-refund program, which will accept applications until the end of October.
As of Sept. 21, the agency said it had returned nearly P20 billion to more than 700,000 qualified members and pensioners, covering nearly 1.6 million loan contracts.