GSIS issues guidelines in processing survivorship benefits of Muslim members, pensioners

Date Posted: Nov. 25, 2019 The Government Service Insurance System (GSIS) has issued Policy and Procedural Guidelines (PPG) No. 334-19 to ensure uniform processing of survivorship benefit claims of its Muslim members and pensioners. “GSIS recognizes the Muslim unique culture. Thus, the processing of survivorship benefits for deceased Muslim members and pensioners is now institutionalized,” GSIS Chairman and Acting President and General Manager Rolando Ledesma Macasaet said. Previously, the eligibility and extent of entitlement of the beneficiaries of GSIS Muslim members and pensioners to survivorship benefit under Republic Act No. 8291 (GSIS Act of 19917) was based on the Civil...

GSIS opens emergency loan window in 4 dengue-affected areas

Date Posted: September 4, 2019 The Government Service Insurance System (GSIS) has offered emergency loan to active members and pensioners in Samar province, municipalities of Pontevedra and Sigma in Capiz, and Sofronio Española in Palawan, which were declared under a state of calamity due to dengue outbreak. GSIS allocated almost P633 million for the loan in the said areas. The loan application deadline for Samar, Pontevedra, and Sigma is September 20, while that for Sofronio Española is September 22. Active members with no existing emergency loan and old-age pensioners may apply for a P20,000 loan. Those who have not yet...

GSIS seeks to increase minimum pension to P6,000

Date Posted: March 8, 2019 In a recommendation to President Rodrigo Duterte, the Government Service Insurance System (GSIS) moves to increase the minimum basic pension of its old age and disability pensioners to Php6,000 effective February this year. This will increase the GSIS minimum pension by Php1,000. “A total of 67,201 old age and disability pensioners will benefit from the proposed increase in minimum pension approved by the GSIS Board of Trustees. It should be noted that GSIS is recommending a pension hike that will not necessitate an increase in the monthly contribution of our members nor bring about adverse...

GSIS to offer new housing loan condonation until Dec. 31

Date Posted: September 24, 2018 Starting October, the Government Service Insurance System (GSIS) will offer a 100% waiver of unpaid penalties and surcharges to housing buyers and borrowers with past due accounts and are willing to settle their housing obligations in full. The deadline for the submission of application to the condonation program is on December 31. “Majority of our existing borrowers stand to benefit from this program as almost 55% of our remaining 29,000 housing accounts are for cancellation, foreclosure or have incurred several months of arrears,” GSIS President and General Manager Jesus Clint Aranas said. “The program will...