GSIS Social Insurance Benefits

RA 660 or “Magic 87”

Age 52 53 54 55 56 57 58 59 60 61 62 63 64 65
Years of 35 34 33 32 31 30 28 26 24 22 20 18 16 15
Service

Eligibility
 In the service on or before May 31, 1977
 Continuous service for the last three (3) years and with premium
contribution for at least five (5) years.
 Permanent status
 Member has met the age and service requirements as indicated
above.
 Exceptions: death, disability, abolition of position, reorganization,
phase-out
BMP = (0.025)(P32,112.86+30)(34.70 yrs) =
P27,883.93
 BMP(Basic Monthly Pension)
Computation
AMC (Average Monthly Compensation) - P32,112.86

PPP (Period with Premium Payment ) – 34.70 yrs

 GSIS Social Insurance Benefits

Presidential Decree 1146

Eligibility
• Must have rendered at least 15 years of
service and must at least be 60 years old
upon retirement.
• Date of retirement or separation should be
prior to June 24, 1997.
BMP = (0.025)(P32,112.86+140)(34.70
yrs)= P 27,979.35
Eligibility RA 8291
 at least 15 years of service
 at least 60 years old upon retirement
 not a permanent total disability pensioner
 retired on or after June 24, 1997

Two options:
• 5 year-Lump sum plus Old age Pension after 5 years
• 18 months Cash payment plus Pension immediately
BMP = (0.025)(P32,112.86+700)(34.70 yrs) =
P28,465.15
 BASIC MONTHLY PENSION (BMP) COMPUTATION
Formula: BMP=(0.025)(RAMC)(PPP)

RA660
BMP = (0.025)(AMC+P30)(PPP)

PD1146
BMP = (0.025)(AMC+P140)(PPP)

RA8291
BMP = (0.025)(AMC+P700)(PPP)
Legend:
BMP Basic Monthly Pension
AMC Average Monthly Compensation
RAMC Revalued AMC
PPP Period with Paid Premiums
(updated as of 31 July 2014)
(updated as of 31 July 2014)
(updated as of 31 July 2014)
(updated as of 31 July 2014)
(updated as of 31 July 2014)