Otherwise known as the Government Service Insurance Act of 1997 which amended the 20-year old revised charter of the GSIS, known as Presidential Decree No. 1146.
Implementing Rules and Regulations of Republic Act No. 8291
Instituted reforms to increase coverage and expand benefits given by the GSIS to all government employees.
Further amended the Employee’s Compensation Program and State Insurance Fund of the Labor Code of the Philippines and upgraded the benefits structure for all covered employees.
Revised the Philippine Medical Care Act to provide total medical services to the people of the Philippines through a comprehensive and coordinated medical care plan.
Amended the Book Four of the Labor Code of the Philippines, in particular, defined the coverage of the Employee’s Compensation Program.
Expanded, increased and integrated the social security and insurance benefits of all government employees.
Amended the Presidential Decree No. 442 or the Labor Code of the Philippines to effect adjustments needed to coordinate grant of social security benefits.
Also known as the Portability Law which allows the addition of all creditable services or periods of contributions made continuously or in the aggregate of a worker under either the GSIS or SSS for eligibility and computation of benefits.
Established the Philippine Medical Care Plan and created the Philippine Medical Care Commission.
Amended again Commonwealth Act No. 186 to further define life insurance, retirement insurance, compulsory membership and rates of premium contributions.
Amended Commonwealth Act No. 186 to provide immediate life insurance coverage and compulsory membership as well as increase additional life insurance coverage to all government employees.
A retirement option of the GSIS popularly known as “The Take All” Option.
A retirement option of the GSIS which is also known as the “Magic 87”.
The GSIS is created as a social insurance fund for all employees of the Philippine government.