Government Service Insurance System
GSIS Mandate
ABOUT THIS AGENCY
The GSIS is a social insurance institution created under
Commonwealth Act Number 186 that was passed on
November 14, 1936, and later amended under Republic Act
No. 8291 dated June 24, 1997. To secure the future of all
employees of the Philippine government, it provides and
administers a pension fund that has the following social
security benefits: compulsory life insurance, optional life
insurance, retirement benefits, and disability benefits for work-
related accidents and death benefits
PURPOSE
• The GSIS provides social security coverage to employees in
the public sector. It officially started its operations on May
31, 1937, with life insurance program as its only business
and was transformed into a more comprehensive social
insurance scheme in 1951 with the addition of old-age,
invalidity and survivors' benefits
• The GSIS also administers the Employees’ Compensation
Program, which provides for work-related social security
benefits for the public sector and the General Insurance
Fund, which provides non-life coverage for all properties
with government insurable interest.
GSIS Mandate

PURPOSE COVERAGE

• GSIS, as designed in its charter, is a social insurance The GSIS covers all government workers except:
institution under a defined benefit scheme. It insures its
members against the occurrence of certain contingencies • Members of the Judiciary and Constitutional Commissions
in exchange for their monthly premium contributions who are covered by separate retirement laws;

• In addition, the GSIS is entrusted with the administration • Contractual employees who have no employee-employer
of the General Insurance Fund by virtue of R.A. 656 of the relationship with their agencies;
Property Insurance Law. It provides comprehensive
• Uniformed members of the Armed Forces of the Philippines
insurance coverage to assets and properties that have
and the Philippine National Police, including the Bureau of
government insurable interests.
Jail Management and Penology and the Bureau of Fire
Protection.

• Does not include: Barangay and Sanggunian officials who

are not receiving fixed monthly compensation (Source RIRR)

• Does not include: Employees who do not have monthly

regular hours of work and are not receiving fixed monthly
compensation (RIRR)
Vision, Mission / Corporate Strategy
VISION

By 2022, GSIS will have a longer actuarial life with sustained

member benefits and responsive service to its stakeholders.

MISSION

• Provide social security/insurance and financial benefits to all

government employees and their dependents;

• Satisfy the non-life insurance needs of government;

• Maintain and strengthen the viability of the fund; and

• Build an enduring partnership with its stakeholders.

Vision, Mission / Corporate Strategy

CORE VALUES QUALITY POLICY

Professionalism In the Government Service Insurance System, we are

Love of Country committed to provide quality service to our members,
Integrity pensioners and other constituents for all their social security
Service Excellence benefits and non-life insurance needs.
Spirituality
Innovation The design of our QMS shall consider the context and
Teamwork strategic direction of our organization. Our systems and
Mutual Respect processes shall be regularly evaluated and improved for
effectiveness, efficiency, and compliance with legal and other
regulatory requirements.

We will invest in the competence of our people through

continued professional development.
MEMBERSHIP(By Type and By Status)
TYPES OF MEMBERSHIP
REGULAR MEMBERS
- are those employed by the government of the Republic of
the Philippines, national or local, legislative bodies,
government-owned and controlled corporations (GOCC)
with original charters, government financial institutions
(GFIs), except uniformed personnel of the Armed Forces of
the Philippines, the Philippine National Police, Bureau of
Jail Management and Penology (BJMP) and Bureau of Fire
Protection (BFP), who are required by law to remit regular
monthly contributions to the GSIS
SPECIAL MEMBERS
- are constitutional commissioners, members of
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 MEMBERSHIP
ACTIVE MEMBER
- refers to a member of the GSIS, whether regular or special,
who is still in the government service and together with
the government agency to which he belongs, is required to
pay the monthly contribution
INACTIVE MEMBER
- a member who is separated from the service either by
resignation, retirement, disability, dismissal from the
service, retrenchment or, who is deemed retired from the
service under this Act. Effect of Separation from the
Service. A member separated from the service shall
the continue to be a member and shall be entitled to whatever
benefits he has qualified to in the event of any
contingency compensable under this Act.
Contribution & Collection and Remittance of Contribution
FOR REGULAR MEMBERS
FOR SPECIAL MEMBERS
The Special Member shall pay the required life insurance
premiums of 3% of the fixed monthly compensation for
both employees’ and government agency’s share.
COLLECTION AND REMITTANCE OF CONTRIBUTION
It is mandatory for all employers to deduct each month from
the monthly salary or compensation of  employees, the
contribution payable by them and remit directly to GSIS, the
employer’s and employees’ contributions within the first ten
(10) days of the calendar month following the month to
which the contributions apply.
All employers should also deduct the loan amortizations
(consolidated loan, policy loan, emergency loan)  from the
fixed monthly compensation of its employees.
Benefits
LIFE INSURANCE Policy Loan – A member who has paid more than one year’s
premium contributions will be entitled to avail of the policy loan up
to 50% of the earned Cash Value subject to interest of 8% per annum
• LIFE ENDOWMENT POLICY (LEP)
compounded monthly and renewable yearly.

Dividends – A policyholder whose policy has been in force for at

least one year may receive dividends as may be determined by the
Actuary and approved by the Board.

Maturity Benefits- Original Amount plus supplementary/ies added
to the original amount of insurance. Outstanding balances in the
member’s policy loan and automatic premium loan will be deducted
from the proceeds.
Surrender benefit – The amount to be paid is the cash value of the
policy at the time of separation less all indebtedness of the member.
ENHANCED LIFE POLICY (ELP)
ELP earns cash value in the form of termination value, which a
member may withdraw upon separation or retirement and shall be
the basis of the yearly cash dividends and policy loan. An automatic
premium loan (APL) facility secured against the policy’s termination
value is provided to answer for nonpayment of premiums.

Death benefit –Total amount of insurance (original plus In the event of a member’s death, the proceeds of his/her life
supplementary) less total indebtedness will  be paid to the
insurance coverage will  be distributed in accordance with the
designated beneficiaries or legal heirs as the case may be.
provisions on intestate succession of the Civil Code and in the order
of the following beneficiaries:
Benefits
RETIREMENT SAMPLE COMPUTATION FOR RETIREMENT UNDER RA 8291

• RETIREMENT UNDER RA 8291- Five-year lump sum or cash Eligibility

payment with instant pension.
1. You must have rendered at least 15 years of service and must be
• RETIREMENT UNDER REPUBLIC ACT 660- Also called “Magic at least 60 years old upon retirement; and
87,” this option provides both annuity and lifetime pension.
2. You must not be a permanent total disability pensioner.
• RETIREMENT UNDER REPUBLIC ACT 1616- Also called “Magic
87,” this option provides both annuity and lifetime pension. Retirement Benefit

• RETIREMENT UNDER PRESIDENTIAL DECREE 1146- Only those

who have been in government service after May 31, 1977, but
before June 24, 1997, may avail of this retirement program.
Retirement under PD 1146 gives members a choice between a
Basic Monthly Pension (BMP) and Cash Payment.
Option 1: Lump sum and old-age (basic monthly) pension
• Lump sum – equivalent to your 60-month (or 5-year) basic
monthly pension (BMP) payable at the time of retirement; and

• RETIREMENT UNDER REPUBLIC ACT 7699 (PORTABILITY LAW )

• BMP – payable for life after the 5-year guaranteed period
-Combining GSIS and SSS periods with paid premiums to
qualify for retirement programs offered by both pension
funds.
Benefits
Option 2: Cash payment and old-age (basic monthly) pension

• Cash Payment – equivalent to 18-month BMP payable upon

retirement

• Immediate BMP – payable for life from the date of

retirement..
Benefits
SEPARATION
Eligibility and Benefits
1. If the member has been in the service for at least three years
but less than 15 years, and below 60 years of age:
Cash payment equivalent to 100% of the Average Monthly
Compensation (average salary in the last three years) for every year
of service payable upon reaching age 60.
2. If the member has been in the service for at least 15 years and
is below 60 years of age:
Cash payment equivalent to 18 times the Basic Monthly Pension
(BMP) payable upon separation and monthly pension for life starting
at age 60.
BMP= (.025) x (AMC +700) x Period with Paid Premiums
UNEMPLOYMENT OR INVOLUNTARY SEPARATION
The unemployment benefit is paid when permanent government
employees who have paid the required 12 months integrated
contributions under RA 8291 are  involuntarily separated from the
service as a result of the abolition of their office or position usually
resulting from reorganization. The benefit is in the form of monthly
cash payments equivalent to 50% of the average monthly
compensation (AMC). The duration of the benefit depends on the
length of service and ranges from two months to a maximum of six
months.
The unemployment benefit shall be paid in accordance with the
following schedule:
Benefits
DISABILITY

Eligibilities.  Members  who become permanently and totally disabled are

entitled to PTD benefits when: In the service at the time of disability; or if
separated from the service, have paid at least 36 months contributions
within the five-year period immediately preceding the disability; or have
paid a total of at least 180 months contributions prior to the disability;
Benefit.
Provided, however, that the following conditions are met: Gainfully
employed prior to the commencement of disability resulting in  loss of
income as evidenced by any incontrovertible proof thereof; Not a Members who become permanently and totally disabled are entitled to the
registered member of any social insurance institution; and not receiving monthly income benefits for life equivalent to the basic monthly pension (BMP)
any other pension either from GSIS or another local or foreign institution
effective from the date of disability.  In addition to the monthly income benefits
or organization
for life, a cash payment equivalent to 18 times the basic monthly pension (BMP),

3 Kinds of disability determined by GSIS based on established will be paid to members who were in the service at the time of the permanent
total disability and who have paid a total of 180 monthly contributions.
medical standards:

1. Permanent Total Disability (PTD) – disability due to injury or disease  Separated members who have at least three years of service and become

causing complete, irreversible and permanent incapacity that will permanently and totally disabled but have not paid a total of at least 180 monthly
contributions prior to the disability are entitled only to cash payment equivalent to
permanently disable a member to work or to engage in any gainful
100% of  their average monthly compensation for each year of service with paid
occupation resulting to loss of income. The following disabilities are
contributions but not less than twelve thousand pesos (Php12,000.00).
deemed total and permanent:
Benefits
DISABILITY Benefit.

2 Permanent Partial Disability (PPD) – arises due to the The period of entitlement to PPD benefit is determined after due
complete and permanent loss of the use of any of the following medical evaluation; but such period of entitlement to the benefit will
resulting to the disability to work for a limited period of time: not exceed 12 months for the same contingency. Only the leave of
absence/s without pay incurred during the period of entitlement,
any finger one leg
duly certified by the authorized officer of the agency where
one arm one or both ears
members are employed,  is compensable.
one foot hearing of one or both ears
any toe sight of one eye
The amount of PPD benefit is  computed by dividing the BMP by 30
such other cases as may be
determined and approved days and multiplying the quotient by the number of compensable
one hand by the GSIS calendar days of leave of absence without pay (LWOP).
Benefits
DISABILITY
3. Temporary Total Disability (TTD) – accrues or arises when
the impaired physical and/or mental faculties can be
rehabilitated and/or restored to their normal functions, but such
disability will result in temporary incapacity to work or to engage
in any gainful occupation.
The payment of TTD benefit may be extended by GSIS up to a
maximum  of 240 days, subject to medical evaluation.
Benefit.
The period of entitlement to TTD benefit is determined after due medical
evaluation and proof of actual loss of work resulting in loss of income by way
of the incurred actual number of days of leave of absence/s without pay duly
certified by the authorized officer of the agency where members are
employed; but such period of entitlement to the benefit should not exceed
120 days in one calendar year.
However, if the disability requires more extensive treatment that lasts beyond
120 days, the payment of TTD may be extended by GSIS but not to exceed a
total of 240 days. Only the leave of absence/s without pay incurred during the
period of entitlement is compensable.
Entitlement, however, starts from the fourth day of the disability. The amount
of TTD benefit is computed by multiplying 75% of the daily salary of members
by the number of days of disability based on the medical evaluation but not
to exceed 240 days for the same contingency. However, the computed daily
salary shall not be less than Php70.00 but not to exceed Php340.00 per day.
Benefits
SURVIVORSHIP
Coverage
• All primary and secondary beneficiaries residing in the
Philippines or abroad who are existing survivorship pensioners
or claiming for survivorship benefit;
• Those who were receiving survivorship benefits but were
suspended when the policy on the same was amended and
implemented in August 2009; and
• Those who applied for survivorship benefits but were
disapproved due to the issuance/approval of Management
Implementing Guidelines (MIG) 01-2009 dated October 22,
2009, that took effect as early as August 2009, and MIG 04-
2010 dated April 26, 2010.
Eligibility Requirements
• When a member or pensioner dies, the primary beneficiaries
(surviving legal spouse and dependent children) or secondar
• The primary beneficiaries[1] The legitimate spouse, until s/he re-
marries, or co-habits/engages in common-law relationship; and
[2] 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
Benefits
SURVIVORSHIP Retroactive Application

Maximum Amount of Survivorship Pension

For survivorship pensioners whose survivorship pensions were
suspended as a result of the previous policy, the amounts accruing for
The surviving spouse shall be entitled to basic survivorship pension which is fifty
the period they were suspended shall be restored by  GSIS, subject to the
percent (50%) of the Basic Monthly Pension (BMP) but not to exceed fifty
maximum amount of survivorship pension provided under this policy.
percent (50%) of the current Step 8[4] salary of an Undersecretary, pursuant to
the Salary Standardization Law and its amendments.
On the other hand, for surviving spouse whose applications for

For example, if the salary of an Undersecretary is equal to Php63,380.00 and
Basic Monthly Pension (BMP) of the deceased member/pensioner is equal to
Php70,000.00, the maximum amount of survivorship pension is Php31,690.00
(50% of P63,380.00) for the surviving spouse, not Php35,000.00 (50% of
Php70,000.00).However, the existing survivorship pensioners (surviving spouse)
who are receiving more than the said limit shall not be subjected to this policy.
The dependent children shall be entitled to dependent children’s pension for a
maximum of five (5) children, equivalent to 10% of the BMP for each child but
not to exceed fifty percent (50%) of the BMP, counted from the youngest and
without substitution.
survivorship benefits were denied as a result of the previous policy, their
applications may be submitted to GSIS, and if found to be qualified, their
benefits shall be granted and computed retroactively, subject to the
maximum amount of survivorship pension provided under this policy.
The maximum amount of basic survivorship pension prevailing at the
time of death of the member or pensioner shall apply. Any subsequent
increase/s in the Step 8 salary of an Undersecretary will not result in any
adjustment to the survivorship pension already being received by the
surviving spouse.
Benefits
FUNERAL BENEFIT The benefit is payable to the members of the family of the deceased,
according to the following priorities:
GSIS provides a Php 30,000 funeral benefit  to the following:

• Legitimate spouse
An active member;

• Legitimate child who spent for the funeral services, or

• A member who has been separated from the service but who
is entitled to future separation or retirement benefit; • any other person who can show unquestionable proof of his
having borne the funeral expenses of the deceased
• A member who is an old age pensioner;

• A retiree who at the time of his retirement was of pensionable

age under RA 8291 but who opted to retire under RA 1616;
and

• A member who retired under RA 1616 prior to the effectivity

of RA 8291 with at least 20 years of service, regardless of age
Benefits
EMPLOYEES COMPENSATION Beneficiaries.  In case of death and funeral benefits, the beneficiaries may
either be one of the following:
The employees’ compensation benefit (or disability benefit) is a
compensation package for public and private sector employees
1. Primary
and their dependents in the event of work-related injury,
sickness, disability or death.
• Legitimate spouse until he or she remarries

Benefits.
• Dependent children (legitimate, legitimated or adopted, and
illegitimate):

• Below 18 years old, unmarried, not gainfully employed; or

• More than 18 years old but incapacitated and incapable of self-support

due to mental or physical defect acquired prior to age of majority.

2. Secondary

Dependent parents and Legitimate descendants

Benefits
EMPLOYEES COMPENSATION List of Occupational Diseases (under PD 626)

Eligibilities.  The conditions for payment are as follows:

• Injury must be the result of accident arising out of and in the

course of employment

• Sickness must be listed /considered an “occupational disease”;

or even if not listed as one,   it must be shown that the risk of
contracting the sickness is increased by the working 
conditions

Disability/Death is caused by work-connected injury or sickness

Exceptions. When any of these is due to the employee’s:

.
Benefits
EMPLOYEES COMPENSATION

Increase in EC Benefits

On 26 May 2014, President Benigno Simeon Aquino III issued

Executive Order 167 which  approved the increase of Employees’
Compensation Funeral Benefit from Php10,000 to Php20,000 for
both the employees in the private and public sectors and a 10%
across-the-board increase in EC pension for all EC permanent
partial disability, permanent total disability and survivorship
pension in the private sector.

In 2017, the EC funeral benefit was further increased to

P30,000 by virtue of EXECUTIVE ORDER NO. 33 s. 2017 signed by
President Rodrigo Roa Duterte.
General Insurance
GENERAL INSURANCE G-CARE PLANS

GSIS OFFERS; G-Care offers motor vehicle insurance, personal accident insurance, and
fire insurance with the most affordable rates in the country.
• For institutional clients, GSIS offers non-life insurance
coverage such as fire, engineering, marine hull and cargo,
MyShield
aviation, contractor’s all risk, bonds, motor car, and personal
The lowest insurance premium rate against personal accident in the
accident.
market with about Php40 for every Php50,000 annual coverage. A
minimum coverage may range from Php50,000 to a maximum of Php5
• For individual clients, including GSIS members, pensioners
million.
and their dependents, the pension fund offers GCare Plans, an
umbrella of products that include Home Shield, Auto
HomeShield
Shield and MyShield.
Provides insurance coverage against fire.

GSIS also offers compulsory third-party liability (CTPL) insurance

AutoShield
as part of its mandate to issue all forms of non-life insurance.
Provides a comprehensive insurance coverage for vehicles at 20% less
than the prevailing rate in the market.
General Insurance
GENERAL INSURANCE PRODUCT
MARINE CARGO AND MARINE HULL
AVIATION

GSIS ensures all government cargoes in transit either by land (including dock
Aviation Insurance provides protection against direct physical
storage), sea and air against loss or damage resulting from heavy weather, fire,
loss or damage arising out of the operations of an aircraft  lightning, explosion, grounding, stranding, collision, machinery damage,
while it is in flight, taxiing, on the ground, or moored. It also ranging, piracy, barratry, sue and labor.
includes third party liability, passenger personal accident, pilot
MISCELLANEOUS LINES
and crew personal accident, including but not limited to war,
hijacking, among others.
Miscellaneous Insurance covers livestock, fidelity guarantee, comprehensive
triple “D” (dishonesty, disappearance and destruction) and Comprehensive
BONDS
General Liability. The latter includes damages for death and care, loss of
services resulting from bodily injury as well as damages for loss of use of
Contracts of suretyship, where GSIS as SURETY,  guarantees
property arising from property damage.
the performance by another party, the PRINCIPAL (or
Obligor), of an obligation or undertaking in favor of the
PROPERTY FLOATER
government as the OBLIGEE. GSIS issues different types of
bonds such as Bidders Bond, Performance Bond, Surety Bond, An insurance coverage designed to insure movable properties (mobile, heavy
Haulers Bond and Customs Bond. or contractors’ equipment)   against direct physical loss or damage.
Corporate Social Responsibility
EDUCATION

• GSIS Scholarship Program (GSP)

• Adopt-a-School Program (ASP) and Support to Brigada

Eskwela

ENVIRONMENTAL CARE AND PRESERVATION

• Tree Planting and Coastal Cleanup

SPECIAL INTEREST LECTURES

• The GSIS Art Competition

Reference
https://www.slideshare.net/IssaGo/gsis-25977794

https://www.gsis.gov.ph/?csrt=10984322514703132984