Forum on GSIS benefits held

The All UP Workers Union in cooperation with the UP Visayas Office of the Vice Chancellor for Administration and Human Resources Development Office conducted a forum on “Updates on GSIS Benefits” on March 16, 2016 at the GCEB Training Room, UPV Iloilo City campus.

Ms. Eleanor Drilon – Gregorio, Branch Manager of the Government Service Insurance System (GSIS) Regional Office 6 was the forum’s resource person. She emphasized that the government employees are the owners of GSIS since they contribute for their pension and insurance. It is the GSIS that manages the funds and provides service to its members while they are working in preparation for their senior years.

Gregorio cited the key reforms in the GSIS benefits. These are: 1) restoration of survivorship benefit; 2) partnership with the Philippine Statistics Authority to identify deceased members so that pensioners are no longer required the do the annual ARAS; 3) increase in the minimum basic pension to P5,000.00; 4) payment of proportionate pension; 5) Choice of Loan Amortization Schedule for Pensioners (CLASP) replaced Claims and Loans Interdependency Policy (CLIP), which means that one can request GSIS to retain payment for some existing loans and amortize it through pension, unlike before when outstanding obligations are taken out of the gross retirement benefit; 6) no more suspension of employees working in suspended agencies; 7) re-engagement with Landbank; 8) partnership with agencies to avoid overlap in functions e.g., Pag-ibig Fund and National Museum; 9) enhanced loan terms reducing interests rates from 12% per annum to 6% interest rate with no service fee, and with three months grace period for emergency loan; 10) higher emergency loan for calamity victims; 11) improved Consoloan program; and 12) enhanced optional non-life insurance program.

According to her, the GSIS gives milestones benefits to those who reach milestone ages (e.g., 90, 95 and 100 years). She said that those members who reach 100 years old and above will be getting a P100,000.00 milestone benefit. Moreover, she announced that GSIS also increased the funeral benefits to P30,000.00. She encouraged everyone to visit the GSIS website at: http://www.gsis.gov.ph/ to get more updates regarding the benefits they will be receiving.

Vice Chancellor Nestor G. Yunque, HRDO Chief, Ms. Ella Tidon, and AUPWU President, Ms. Sydna Lozada gave Ms. Gregorio a certificate of appreciation.

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