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UPDATES
EMPLOYEE WELFARE
& BENEFITS
GSIS Mandate
GSIS as a Social Security
Institution
Established on May 31, 1937
Provides protection in
contingencies of Death,
Retirement, Separation,
Disability, or Unemployment
Charter
• Life insurance
• Retirement benefits
• Separation benefits
• Unemployment benefits
• Survivorship benefits
• Employees compensation for work-
related contingencies
DEATH BENEFIT
• Qualifying Condition
Death of a member while the policy is still in force
• For Life Endowment Policy (CM Policy)
The Designated Beneficiaries shall receive the amount
equivalent to the total Face Value or Amount of Insurance
written on the policy contract , including supplementaries, less
indebtedness.
• For Enhanced Life Policy (LP Policy)
The Legal Heirs shall receive the amount equivalent to the last
annual salary multiplied by 1.5 or the last monthly salary
multiplied by 18, less indebtedness.
ELP Death Benefits
DIVIDEND
• Qualifying condition:
- The policy must be enforced for at least 1 year.
- The member must have no premiums and loans in
default
• The amount of benefit shall be in accordance with a
dividend allocation formula to be determined by the
Chief Actuary of GSIS, in relation to the total earnings
of the life insurance fund of the GSIS.
Funeral Benefit
1. Legal spouse
2. Children
3. Anybody who can show proof of
funeral expenses
GSIS
RETIREMENT
PROGRAM
Retirement Laws
PD 1146 (Amended by RA 8291)
YOS 35 34 33 32 31 30 28 26 24 22 20 18 16 15
FACTOR .87 .89 .92 .94 .97 1.00 1.03 1.06 1.08 1.11 1.15 1.16 1.20 1.24
RA 660 or the “MAGIC 87”
• Pension
- maximum pension for age 57 & above = 80% AMC
- maximum pension for age below 57 = 75% AMC
Qualifications:
36 months
RA 8291
OPTION 1 OPTION 2
5 years lump sum 18 months cash payment
+ Old Age Pension + Old Age Pension
5 years 18 months
lump sum cash payment
pension to start
on
03/01/2012
60 months
60 months
total benefits total benefits + 18 months
pension to start received received
Benefit:
Pension at age 60
SURVIVORSHIP BENEFIT
Survivorship benefits are granted to surviving
and qualified beneficiaries of the deceased
member or pensioner to cushion them against
the adverse economic, psychological and
emotional loss resulting from the death of a
wage earner or pensioner.
SURVIVORSHIP BENEFIT
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DISABILITY BENEFITS
not work connected
PERMANENT TOTAL DISABILITY (PTD)
Benefit : BMP
DISABILITY BENEFITS
PURPOSE :
To help workers and their dependents - in the event
of work - connected injury, sickness, disability or
death - receive meaningful and adequate income
benefits, medical or related services, and
rehabilitation services.
THE EMPLOYEES COMPENSATION PROGRAM
The ECP is the present compensation program for both public
and private sector employees and their dependents in the event of work
related disability and death. Created under Presidential Decree No. 626, it
took effect on January 1, 1975.
Any work-connected injury or sickness and any disability or death arising from
the work-connected injury or sickness shall be compensable under ECP.
Compensation for injury, sickness, disability or death shall be in the form of:
• Cash income benefit for disability or death;
• Medical and related services for injury or sickness;
• Rehabilitation services for permanent disability.
MEDICAL AND RELATED SERVICES
1. Ward services during confinement in an accredited hospital;
2. Medicines
APPEALS
Claims denied by the System may be appealed to the ECC within 30 days from
receipt of letter of denial. The ECC may either reserve or affirm the System. In
case of affirmation, the claimant may file this with the Court of Appeals/Supreme
Court by giving notice to the System within five days from receipt of letter of
affirmation.
GSIS
PRIVILEGES
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LOANS
The loans extended to members are
investment activities of the System in order to
maximize the returns of the pension funds and
improve their solvency. They are the personal
obligations of the member-borrowers and must
be collected and promptly paid. In case of their
non-payment, all legal remedies are resorted to
in order to insure their collection.
GSIS Loan Privileges
• Consolidated (salary) loan
• Policy loan
• Emergency loan
• Enhanced Consoloan Plus
• Pension Loan
40 months 4 months
no pending admin or
criminal case 5 years 7 months
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Enhanced GSIS Consolidated
Salary Loan Plus
- For loans granted after the 23rd of the month, the first due month
shall be the 2nd calendar month following the granting of the loan.
For example:
Date of Loan Granting ………………… 26 January 2015
First Due Month……….…………………. …… March 2015
Deadline for Remittance to GSIS…….….10 April 2015
Eligibility
Eligibility
Living or residing in declared calamity area
Active member not on Leave of Absence Without Pay
(LWOP)
No arrears in premium
No due and demandable loan
Has paid 12 monthly amortization if there is a previous EL
•APPLICATION. Application shall be done personally through the GW@PS Kiosk or through over-the-counter
by way of a properly accomplished application form filed at the appropriate GSIS office. Submission of a copy
of the Pensioner’s eCard or UMID card and, in the absence thereof, any two (2) government-issued IDs
Loan Application
Eligible to Avail of the Service
Active Members;
With unreadable biometrics
With lost or defective/damage
eCard/UMID card
With old eCard, Temporary
eCard and eCard Plus with no
RFID
Road to Electronic Processing:
The GSIS eCard and Kiosks
Ensures timely
release of benefits
Makes processing
twice as fast than
traditional check
payment
Maaasahan ng
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Enhanced Optional Non-Life Insurance Program
INSURANCE TYPE FEATURES
2K monthly allowance
No maintaining of grade
point average
75
GSIS HOSPITALIZATION SUPPORT
PROGRAM (GHSP)
80
80
Holding of pre-retirement
counseling seminars
Maaasahan ng
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Deployed more GWAPS kiosks
82
GW@Ps kiosks
Deployed additional 750
GW@Ps nationwide
LOCATIONS OF GSIS UMID KIOSKS IN CEBU
> GSIS CEBU REGIONAL
OFFICE
> CEBU PROVINCIAL CAPITOL
DEP-ED OFFICES
1. Region 7
2. Province
3. Cebu City Div.
4. Mandaue Div.
5. Lapulapu Division
LOCATIONS OF GSIS
UMID KIOSKS IN CEBU
CITIES -
*Bogo *Mandaue
*Carcar *Naga
*Cebu *Talisay
*Danao *Toledo
*Lapulapu
LOCATIONS OF GSIS UMID KIOSKS IN CEBU
ROBINSON’S
DEPARTMENTSTORE
Renewed partnership with LBP
LANDBANK as additional
service partner bank
Toll-free numbers:
Globe 1-800-8-8474747
Smart 1-800-10-8474747
6
Text blast
Provide advisory on:
Release of claims, dividends
eCrediting of loan proceeds
Website
www.gsis.gov.ph
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100
100
Landmark Policies
Age Amount
90-94 y/o Php20,000
101
101
Landmark Policies
102
102
Landmark Policies
Option to Change Retirement Date,
Mode, and/or Benefit Option
103
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Landmark Policies
104
Pension loan now insured
Maaasahan ng
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Streamlining of Documentary Requirements
110
110
Holding of pre-retirement
counseling seminars
Maaasahan ng
Lingkod - Bayan
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Deployed more GWAPS kiosks
112
GW@Ps kiosks
Deployed additional 750
GW@Ps nationwide
LOCATIONS OF GSIS UMID KIOSKS IN CEBU
> GSIS CEBU REGIONAL
OFFICE
> CEBU PROVINCIAL CAPITOL
DEP-ED OFFICES
1. Region 7
2. Province
3. Cebu City Div.
4. Mandaue Div.
5. Lapulapu Division
LOCATIONS OF GSIS
UMID KIOSKS IN CEBU
CITIES -
*Bogo *Mandaue
*Carcar *Naga
*Cebu *Talisay
*Danao *Toledo
*Lapulapu
LOCATIONS OF GSIS UMID KIOSKS IN CEBU
ROBINSON’S
DEPARTMENTSTORE
Renewed partnership with LBP
LANDBANK as additional
service partner bank
119
Loan payment terms
are much improved
Provided easier settlement of loan balance for retiring
members (CLASP)
Maaasahan ng
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Recording of accounts is
now more efficient
123
Restored benefits of members
in suspended agencies through MOAs
Maaasahan ng
Lingkod - Bayan
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Updating of accounts
(DepEd, DBM, GSIS MOA Signing)
125
Funds are safe and managed
prudently
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GSIS is stable
• e-GSIS MO
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Systems enhancements
Under the project, GSIS will increase the telecommunication lines of remote GSIS
offices to provide fast and reliable wide area network (WAN) connections and
better network infrastructure support to GSIS employees in branch offices.
“A stronger interconnection among GSIS offices will improve productivity and
efficiency of our employees ultimately leading to the faster processing of benefits
of our members and pensioners,” President and General Manager Robert
Vergara said.
The increased bandwidth will also minimize network disruptions for more efficient
sharing of data among offices.
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At the NEW GSIS, it’s all about serving our
members and pensioners with utmost
RESPECT, COURTESY and KINDNESS…
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Thank you very much!