Government Service Insurance System

Presented by:

Jocson, Keana Mae

Macatangay Carmelo M

Magpoc Kate

Pagtakhan Willi

Villiania Kaira

GSIS

is a government owned and controlledcorporation (GOCC) of the Philippines. Created byCommonwealth Act No. 186 passed on November 14,1936, the GSIS is mandated to provide and administerthe following social security benefits for governmentemployees: compulsory life insurance, optional lifeinsurance, retirement benefits, disability benefits forwork-related contingencies and death benefits.

Life Insurance

One of the many benefits

of being a GSIS member is

life insurance. GSIS gives

you and your loved ones

that much needed peace of

mind. GSIS has two

insurance programs

available:

• Enhanced life policy

• Life Endowment Policy

Enhanced Life Policy

• The GSIS provides lifeinsurance coverage to you,GSIS member, even the veryfirst day you enteredgovernment service afterreceipt of payment of the1st monthly premium.

Life Endowment Policy

• As GSIS member, you automatically enjoy life insurance benefits, providing protection for you and your loved ones. If you entered the service prior to August 1, 2003 As, you are entitled to the Life Endowment Policy (LEP).

• LEP also provides coverage against death whether due to natural or accidental causes, permanent total disability and other benefits upon maturity or separation from the service.

Retirement Programs

You have spent years working for the government. GSIS ensures that you are sufficiently rewarded when you finally decide to take that big step towards retirement.

The GSIS offers various retirement programs depending on the qualifications of the member. GSIS has retirement packages generally acknowledged to be one of the most generous in the country-ensuring financial freedom for its members, especially after they leave the service.

Different Retirement Program

Retirement under Republic Act 8291• Five-year lump sum or cash payment with instant pension-choose your personal

reward.Retirement under Republic Act 660• Also called "Magic 87", this option provides both annuity and lifetime pension.Retirement under Republic Act 1616• Refund your GSIS premiums with this "take-all" option at the same time get

gratuity payment from your employer.Portability Law (R.A 7699)• Combine your GSIS and SSS creditable years of service to qualify for retirement

program offered by both pension funds.Retirement under Presidential Act 1146• Only those who have been in government service after May 31, 1977 but before

June 24, 1997 can avail of this retirement program. Retirement under PD 1146 gives you a choice between a Basic Monthly Pension (BMP) and Cash Payment.

Disability Program

Disability benefits are benefits granted to a member dueto the loss or reduction in earning capacity caused by a loss orimpairment of the normal functions of the employee's physicaland/or mental faculties as a result of an injury or disease.

Employees Compensation

The Employees' Compensation (EC) benefits or disability benefits is a compensation package for public

and private sector employees and their dependents in the event of work-related injury, sickness,

disability or death. The EC is a purely employer-based contribution benefit. Thus, the employee is not

required to contribute any amount to the program.

The employee compensation benefits are in the following options:

Cash income benefits for disability or death

Medical and related services for injury or sickness

Rehabilitation services ( in addition to monthly cash income benefit) for permanent disability

• BurialGSIS retirees are qualified for burial benefit, providing

much needed assistance to their loved ones on theirmoment of grief.

• SurvivorshipWhen a member or pensioner dies, his or her

beneficiaries are entitled to cash and/or pension benefits,subject to the existing rules and regulations on survivorshipand policies on the maximum amount of survivorshippension.

Eligibility Requirements

• When a member or pensioner dies, the primary beneficiaries (surviving legal spouse and dependent children) or secondary beneficiaries, as the case may be, shall be entitled to the applicable survivorship benefits.

• The primary beneficiaries[1] shall be the following:– The legitimate spouse, until s/he re-marries, or co-habits/engages in

common-law relationship; and– The dependent legitimate, legally adopted or legitimated children, including

illegitimate children, who have not reached the age of majority, or, have reached the age of majority but incapacitated and incapable of self-support due to a mental or physical defect acquired prior to age of majority

• The secondary beneficiaries shall be the dependent parents and, subject to the restrictions on dependent children, the legitimate descendants[2].

Documentary Requirements

Basic Documents• Application Form• Ombudsman Clearance• Death certificate of member/pensioner issued by the National Statistics Office

(NSO)• Last Day of Actual Service; and• Two (2) valid IDs of payees

If Married• Marriage certificate between the deceased and his/her spouse issued by NSO• Affidavit of Surviving spouse• If spouse is not a GSIS member, Birth Certificate issued by NSO• Birth Certificate/s of minor/incapacitated children issued by NSO• If with minor/incapacitated children, Affidavit of Guardianship• If the legal guardian is not the natural parent, the affidavit should be supported by

a Certification from the Barangay and DSWD

If Single

• If with minor/incapacitated children, Affidavit of Guardianship• If the legal guardian is not the natural parent, the affidavit should be supported by

a Certification from the Barangay and DSWD; and• If guardian is not a GSIS member, Birth Certificate issued by NSO

If without primary beneficiary (without Parents; with Siblings)

• Birth Certificate of member issued by NSO• Marriage Contract of member's parents issued by NSO• Death Certificates of member's parents issued by NSO• Birth Certificate of member's parents issued by NSO• Affidavit of Surviving Legal Heirs stating among others that affiants are the only

surviving legal heirs of the deceased member, their date of birth and relationship to the deceased member and that they are executing the document for the purpose of claiming the benefit from GSIS

• Birth Certificate of all the siblings of the deceased member issued by NSO• Marriage Contract of all the female siblings of the deceased member issued by

NSO• If with deceased brother or sister, extra judicial settlement among the legal heirs

of the deceased brother / sister of the member designating one payee

Additional Requirements for Muslim Members

• Proof of Surviving legal heirs indicating all the wives and children

• If only one (1) spouse is claiming: submit duly notarized affidavit that her husband has no other marriages/wife

• Court Order for Guardianship should be issued in the absence of parent for minor children

• Application for survivorship must be duly endorsed by the office and a certification indicating the legal spouse/s and children/s of the deceased