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System
Group 2
Galano, Jahaziel
Dumlao, Alyssa
Azcueta, Carmie
Agacia, Glory
Layaoen, Germy Vian
Yadao, Shella Marie
Cario, Triscia Abigail
Rivera, Abigail Anne
Malabed, Isazen
Salvador, Lheslee
Agtang, Kristine
Triste, Ella Joy
INTRODUCTION
HISTORY
Created under Commonwealth Act No. 186 that was passed on
November 14, 1936, and later amended under Republic Act No.
8291 dated June 24, 1997.
It officially started its operations in May 31,1937 with Life
Insurance Program as its only business
In 1951, it was transformed into a more comprehensive social
insurance scheme.
with addition of:
Old-age benefits
Invalidity benefits
Survivor benefits
MEMBERSHIP
COMPULSARY MEMBERSHIP
all government personnel
receiving fixed monthly compensation
have not reached 65 years old
OPTIONAL MEMBERSHIP
Elective official of the National Government or of a local
government that is a member of the System
PROVIDED THAT:
if he desires to come within the purview of this Act, he
must notify the System in writing to that effect
he complies with the requirements of the System and
that he is in the Government service when his insurance
takes effect
after his admission into the System he shall be entitled
to life insurance benefit for which he shall pay either one
per centum or three per centum of his monthly salary,
depending on the kind of insurance selected by him, and
his employer shall likewise pay for him the same
TYPES OF MEMBERS
REGULAR MEMBERS
Those employed by the government of the Republic of the
Philippines
SPECIAL MEMBERS
Are constitutional commissioners, members of the judiciary
including those with equivalent ranks, who are required by
law to remit regular monthly contributions for life insurance
policies to the GSIS in order to answer for their life
insurance benefits defined under RA 8291
STATUS OF MEMBERS
ACTIVE MEMBER
Refers to member of GSIS, whether regular of special who
is still in the government service and together with the
government agency which he/she belongs, is required to
pay monthly contributions.
INACTIVE MEMBER
A member who is separated from service either by
resignation, retirement, disability, dismissal from the
service, retrenchment or who is deemed retired from the
service under this act.
COLLECTION AND
REMITTANCE OF
CONTRIBUTIONS AND
OTHER AMOUNTS
AMOUNTS OF
CONTRIBUTION
Rate of Contribution
Member
Government Agency
9%
12%
9%
2%
Collection of Contributions
It shall be compulsory upon the government agency to deduct
from the fixed monthly compensation the personal share of
the members and to promptly remit the same to GSIS.
It is prohibited for a government agency to delay the
remittance to GSIS of the premium contributions deducted
from the compensation of the members and use it for other
purposes.
Remittance of Contributions
Each government agency shall remit directly to the GSIS the
employees and government agencys contributions within the
first Ten (10) days of the calendar month following the month
to which the contributions apply. The remittance by the
government agency of the contributions to the GSIS shall take
priority over and above the payment of any and all obligations,
except salaries and wages of its employees.
The government agency shall also deduct from the fixed
monthly compensation of the employee the loan amortizations
(consolidated loans, policy loan, emergency loan, housing
loan, and other loans), premium payments (optional, pre-need
and other non-life insurance) and other amounts due the GSIS.
The said amounts shall be remitted to the GSIS within the first
Ten (10) days of the calendar month following the month when
the deductions were effected, accompanied by supporting lists in
the form prescribed by the GSIS.
The member has the corresponding responsibility to ensure that
the required premium contributions and other amounts due the
GSIS that were deducted from his compensation are promptly
remitted to GSIS.
KINDS OF
LOAN
Remember:
A member should have a computed loanable
amount of at least Php15,000 to be able to qualify
under the Enhanced Conso-Loan Plus Program. If
the computed loanable amount is less than
Php15,000, the loan will not be processed.
25 years
14 month loan
15 years
12 month loan
10 years
10 month loan
5 years
7 month loan
40 months
4 month loan
20 months
3 month loan
2. POLICY LOAN
3. Emergency Loan
BENEFIT
S
Supplementary
Less:
Outstanding Obligations
XXX
25%
XXX
Effectivity Date
May 1, 1994
of AMC:
compensation was
of AMC:
Office
Date of Birth
March 1, 1978
Date of retirement
January 1, 2014
PPP
31. 86574
AMC
P 23, 805.55
P 25, 000. 00
Age of Retirement
SEPARATION BENEFIT
Condition
Computation
Age: below 60
PPP: at least 3
= (100% AMC)
but less than
(PPP)
15 years
Age: below 60
PPP: at least 15
= 18 BMP
years
Age: at least 60
PPP: at least 3
= (100% AMC)
years but less
(PPP)
than 15 years
When Benefit is
payable
At age 60
Upon
Separation; BP
for life to start
at age 60
Immediately
Pedro Jose
Office
DepEd
Position
Teacher 1
Date of Birth
Date of retirement
PPP
20. 22146
AMC
P 3, 000.00
P 3, 140.00
P 25, 000. 00
Computation:
1. BMP = (2.5%) (RAMC) (Total years of
service)
= (2.5%) (3, 140.00) ( 20.22146)
= P 1587.38 *
(* Note: Effective Jan. 1, 2013, the minimum
pension for old- age and RA 8291 disability
pensioners is P 5, 000.00)
Computation:
2. Retirement Benefit
Factor
First 20 years of
service
21- 30 years of
service
In excess of 30
years of service
X 1 month
X 1.5 months
X 2 months
Sample Computation:
BASIC DATA
Name
Office
Date of Birth
March 1, 1973
Date of retirement
January 1, 2009
PPP
31. 86574
AMC
P 23, 805.55
P 25, 000. 00
Age of Retirement
Computation:
1. Gratuity Months:
20 years X 1
= 20
10 years X 1.5 = 15
1.86574
X 2
= 3.7315
2. Gratuity benefit:
Benefit
5- year lump sum
52
53
54
55
56
57
58
59
60
61
62
63
64
65
Fac 0.8 0.8 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.1 1.1 1.1 1.2 1.2
tor 7
9
2
4
7
0
3
6
8
1
5
6
0
4
Sample Computation:
BASIC DATA
Name
Office
Date of Birth
Date of entry in service
Date of retirement
PPP
Number of years after June 16,
1951 (M)
Number of years before June 16,
1951 (P)
AMC
Computation:
1.Monthly pension
Then get the actuarial factor at age 61.52 from the table:
= (R) (Actuarial factor)
= ( 15, 201.63) (1.13)
= P 17, 177.84
Computation:
2. Since Mr. dela Cruz is 61.52 years old upon
retirement, he is entitled to the following:
3- year lump sum (or 36 months) payable
immediately on his retirement ( January
2009):
Computation:
Subsequent 2- year lump sum ( or 24
months) payable at age 63 (June 20,2010)
upon request:
= (Monthly pension)(24 months)
=(17, 177.84) (24)
= P 412, 268.16
SAMPLE PROBLEM
Basic Data
Name: Juan de la Cruz
Office: DepED Pulang Lupa
Position: Teacher 1
Date of Birth : March 21, 1940
Date of entry in the government service : March 1, 1987
Date of retirement/separation: March 1, 1996
Period of employment in the SSS: 7years (Dec. 10, 1979 to Dec. 15,
1986)
PPP under GSIS : 9years
AMC: 3000
RAMC (AMC+ P140): 3140
Highest Salary Received: P 25.000
SECTION 22
UNEMPLOYMENT BENEFIT
CONDITIONS OF ENTITLEMENT
OF THE BENEFIT
He or she was a permanent employee at the
time of separation
His or her separation was involuntary due to
the abolition of his or her office or position
resulting from reorganization
He or she has been paying the contributions
for at least one (1) year prior to operation
SECTION 23
DISABILITY BENEFIT
COMPUTATION OF PPD
The amount of PPD benefit shall be
computed by dividing the BMP by 30 days
and multiplying the quotient by the number
of compensable calendar days of leave of
absence without pay (LWOP).
(BMP/30days) (LWOP)
COMPUTATION OF TTD
The amount of TTD benefit shall be
computed by multiplying 75% of the daily
salary of the member by the number of
days of disability based on the medical
evaluation but not exceed 240 days for the
same contingency. However, the computed
daily salary shall not be less than seventy
pesos (P 70.00) but not to exceed P340.00
per day.
SECTION 24
SURVIVORSHIP BENEFIT
COVERAGE
All primary and secondary beneficiaries residing in
the Philippines or abroad who are existing
survivorship
pensioners
or
claiming
for
survivorship pension.
Those who were receiving survivorship benefits
but were suspended when the policy on the same
was amended and implemented in August 2009
Those who applied for survivorship benefits but
were disapproved due to the issuance or approval
of management implementing guidelines
SURVIVORSHIP BENEFITS OF
MEMBERS IN ACTIVE SERVICE
a. At he time of death, a member rendered
15 years of service:
His primary beneficiaries will receive (BMP
x18)
In the absence of primary, the secondary
beneficiaries shall receive (BMP x 18)
In the absence of secondary beneficiaries,
legal heirs will receive (BMP x 18)
b. Less than 15 years (100% of AMC)
SURVIVORSHIP BENEFITS OF
INACTIVE MEMBERS
a. Primary beneficiaries who rendered at
least 15 years of service will receive
survivorship pension only.
. Inactive members who have 3years but
less than 15 years of service and less than
60 years old will receive 100% of AMC
. Those who rendered at least 15 years of
service and at least 60 years old shall not
receive survivorship benefit.
SECTION 25
FUNERAL BENEFITS
QUALIFIED INDIVIDUALS
1. Your legitimate spouse
2. Your legitimate child who shouldered the
funeral expenses- if you are a member,
pensioner, or gratuitant
3. Any person who spent for the funeral,
with valid proofs of expenses.
ADJUDICATION
OF CLAIMS AND
DISPUTES
Hearing officer
Any member of the Board or official of the GSIS who is a lawyer
may be designated by the Board as Hearing Officer
What are the Powers and Duties of the Clerk of the GSIS?
Prescription Period
Claims for benefits under Republic Act No. 8291, except
for life insurance and retirement, shall prescribe after
four (4) years from date of contingency.
Construction
The provisions of these sections shall be liberally
construed in order to promote their purpose and to
assist the parties in obtaining just, speedy, and
inexpensive determination of every action and
proceeding.
Parties
Petitioner - The party initiating the action
Filing
All pleadings shall be filed with the Clerk of the GSIS at the Office
of the Corporate Secretary.
Other important requirements for a petition to be considered
properly and completely filed
1. Proper Verification
2. Service to the COC with proof of service
Service of Petition to the COC may be done through any of the
following:
Personal service
Service by registered mail
Service by ordinary mail
Service by private couriers
3. Payment of filing fee
Summons
The Clerk of the GSIS shall immediately indorse the same to the
Hearing Officer for the issuance of the Summons.
Responsive Pleading
Preliminary Conference
Affidavits, Hearing and Judgment
Findings and Recommendations of Hearing Officers
Decision of the Board
Appeals
Reme dies when the Board of Trustees totally denied or
partially denied Petition
May seek reconsideration of the decision by filing a Motion for
Reconsideration to the Board of Trustees through the OCS within
fifteen (15) calendar days from receipt of the Decision of the
Board
May appeal to the Court of Appeals by filing of a Petition for
Review under Rule 43 of the Rules of Court within fifteen (15)
calendar
days from receipt of the Decision of Board
6. Execution
of Decision
FUNDS OF THE
GSIS
Government Guarantee
PENAL
PROVISIONS
participated directly or
indirectly in the commission of fraud,
collusion, falsification, or
misrepresentation in any transaction with
the GSIS whether for him or for some
other persons, shall suffer the
penalties provided for in Article 172 of
the Revised Penal Code.
Other Penalties:
1.Whoever shall obtain or receive any
money, without being entitled
thereto with the intent to
defraud
any
member,
any
government agency, the GSIS, or
any third party, shall be punished
by:
a. Fine
not less than P5,000.00 nor more
than P20,000.00
b. Imprisonment
not less than 6 years and 1 day to 12
years
2.Whoever
a. Fine
not less than P5,000.00 nor more than
P20,000.00
b. Imprisonment
not 6 years and 1 day to 12 years
Note: Both punishment can be applied, at the
discretion of the court.
3.
Officers including
Heads of Offices
Treasurer
Finance Officer
Cashier
Disbursing Officer
Budget Officer
a. Imprisonment
. from 6 months and 1 day to 6 years
b. Fine
. not less than P3,000.00 but not more
than P6,000.00
c.
Absolute
disqualification
perpetual
4.
Art. 217.MALVERSATION
Penalties:
1. Prision correccional, if the amount involved in the
malversation does not exceed P200.00
2. Prision mayor in its minimum and medium periods,
if the amount involved is more than P200.00 but does
not exceed P6,000.00
3. Prision mayor in its maximum period to reclusion
temporal in its minimum period, if the amount involved
is more than P6,000.00 but is less than P12,000.00
Note:
1. Prision Correccional, suspension and destierro- 6 months and 1
day to 6 yrs
2. Prision Mayor- 6 yrs and 1 day to 12 yrs
3. Reclusion Temporal- 12 yrs and 1 day to 20 yrs
4. Reclusion Perpetua- 30 yrs
5.
Failure
to
remit
the
contibution/loan amortization to the
GSIS within 30 days from the date
they should have been remitted
under Rule III of the IRR shall be:
perpetual
3.
6.
branches,
Fine
-not less than P10,000.00 nor
more than P20,000.00
7.
8.
9.
1. Imprisonment
-not less than 6 months nor more than
1 year
2. Fine
GENERAL
PROVISIONS
SECTION 60
Dispensation of
Social Insurance Benefits
SECTION 61
Development and Disposition
of Acquired Assets
Section 62
Government Assistance to the GSIS
The GSIS may call upon any government
agency for such assistance as may be
necessary in the discharge of its duties and
functions
Section 63
Non-impairment of Benefits, Powers,
Jurisdiction, Rights, Privileges,
Functions and Activities
Section 64
Exclusiveness of Benefits
Whenever other laws provide similar benefits for
the same contingencies covered by RA 8291, the
member who qualifies to the benefits shall have the
option to choose which benefits will be paid to him.
However, if the benefits provided by the other law
chosen are less than the benefits provided under
RA 8291, the GSIS shall pay only the difference.
Section 65
Appropriations
The amount necessary to carry out the
provisions of RA 8291 shall be included
in the respective budgets of the
covered agencies in the national
government obligation program
starting CY 1998.
Section 66
Separability Clause
Should any provision of RA 8291 or any part thereof
be declared invalid, the corresponding provisions in
this IRR shall be correspondingly stricken out,
amended, or qualified as appropriate. The other
provisions, insofar as they are separable from the
invalid ones, shall remain in force and in effect.
Section 67
Repealing Clause
All provisions of existing implementing rules
and regulations, circulars, and other
procedures corresponding to laws and any
other law or parts of law specifically
inconsistent with RA 8291 and with these IRR
are hereby repealed or modified accordingly.