group report

1. Government Service Insurance System
Presented by:
Jocson, Keana Mae
Macatangay Carmelo M
Magpoc Kate
Pagtakhan Willi
Villiania Kaira

2. GSIS
is a government owned and controlled
corporation (GOCC) of the Philippines. Created by
Commonwealth Act No. 186 passed on November 14,
1936, the GSIS is mandated to provide and administer
the following social security benefits for government
employees: compulsory life insurance, optional life
insurance, retirement benefits, disability benefits for
work-related contingencies and death benefits.

3. 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

4. Enhanced Life Policy
• The GSIS provides life
insurance coverage to you,
GSIS member, even the very
first day you entered
government service after
receipt of payment of the
1st 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.

5. 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.

6. 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.

7. Disability Program
Disability benefits are benefits granted to a member due
to the loss or reduction in earning capacity caused by a loss or
impairment of the normal functions of the employee's physical
and/or mental faculties as a result of an injury or disease.

8. 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

9. • Burial
GSIS retirees are qualified for burial benefit, providing
much needed assistance to their loved ones on their
moment of grief.
• Survivorship
When 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 survivorship
and policies on the maximum amount of survivorship
pension.

10. 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].

11. 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

12. 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

13. 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