GSIS reminds members, pensioners, beneficiaries to file benefits on time

Date Posted: January 9, 2018 Filing for GSIS benefits within the prescribed period spells the difference between enjoying and losing them. GSIS thus reminds its active members, pensioners, and beneficiaries to keep in mind the benefits that have deadlines. FUSS is an acronym that serves as a memory aide: Funeral, Unemployment, Separation, and Survivorship benefits. They should be filed within prescribed period from the date of contingency. Separation benefit under Republic Act (RA) 8291 must be filed within four years from date of separation from government service, while that under Presidential Decree (PD) 1146 must be claimed within 10 years...

GSIS posts greater benefit payout for first 11 mos of 2017

Date Posted: December 29, 2017 State pension fund Government Service Insurance System (GSIS) today announced that it paid more than Php85 billion in social insurance claims and benefits in the first 11 months this year, representing a 13% increase compared to the Php75.1 billion in the same period last year. These claims and benefits cover pension, retirement, life insurance, survivorship, disability, and funeral. The growth is attributed to the increased monthly old age pension of Php7.5 billion covering 316,323 pensioners, survivorship benefit amounting to Php338.2 million for 132,449 pensioners, as well as life insurance and retirement claims of Php616.8 million...

GSIS active members to receive annual dividends by December 15

Date Posted: November 27, 2017 Active members of state pension fund Government Service Insurance System (GSIS) will receive their corresponding yearly cash benefits starting December 15. GSIS earmarked Php225 million for the grant of dividends this year. Qualified to receive the cash benefits are GSIS members whose compulsory life insurance policies have been in force for at least one year as of December 31, 2016. Holders of compulsory life insurance policies that matured in 2016 and whose agencies were suspended as of December 31, 2016 are also eligible for the benefit.