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G-W@PS Location MapClick HERE to view an interactive map showing the updated locations and G-W@PS desktops and kiosks all over the country.
GSIS President and General Manager Robert G. Vergara receives from President Benigno Simeon Aquino III the Exemplar Award in Corporate Governance at the Bulong Pulungan's annual get-together on December 3, 2013, in Sofitel in Pasay City. Bulong Pulungan, which conferred the award to the year's best performers in the public ... Read More
State pension fund Government Service Insurance System (GSIS) is granting an automatic six-month deferment of loan repayment, without interest and penalties, for its members and pensioners in areas worst-hit by super typhoon Yolanda.
The moratorium is being implemented side-by-side with the GSIS emergency loan program for active members of up to Php40,000 for those with outstanding ... Read More
GSIS to pay claims through eCard starting October 14, 2013
The Government Service Insurance System (GSIS) will start releasing benefits through e-crediting starting October 14, 2013. The proceeds will be electronically credited to the eCard or Unified Multi-Purpose Identification Card (UMID) accounts of members.
The proceeds of the following claims will be paid through the eCard starting October 14, 2013: retirement, cash surrender value, maturity, pre-need, survivorship, death claim, funeral claim, disability claim, and accidental death benefits.
In line with this, we are advising all Agency Authorized Officers (AAOs), Liaison Officers (LOs) and concerned officials of all government agencies to instruct all members who have no GSIS eCard or UMID yet to enrol in the eCard system. The applicant should bring two valid government identification cards and personally visit the nearest GSIS office.
Please disseminate this information to all GSIS members in your respective agencies.
Average Monthly Compensation as basis in computing retirement and pension benefits
Please be advised that the Average Monthly Compensation (AMC) that is used as a basis in computing the amount of GSIS retirement and pension benefit is the average of the member's basic salary in the last three years or 36 months of his or her service in government. There is no truth to speculations that AMC will soon be based on the member's salary for the last ten years of service.
The GSIS has no intention of revising the definition of the AMC under Republic Act 8291.
The AMC is one of the factors in the computation of the Basic Monthly Pension (BMP) of a GSIS member. Below is the formula for computing the BMP.
BMP = (.025) x (AMC + P700) x Periods with Premium Payments
We would appreciate it if you could help us disseminate this information to your co-workers.
Thank you for your cooperation.