Government Service and Insurance System president and general manager Robert Vergara said that they have been implementing changes in the “unjust” and “unfair” policies of the GSIS.
One of the policy changes it is implementing is not to deduct payments for a member's housing loan from his retirement benefit to avoid having zero or minimal benefit.
Instead, what GSIS will do is to look for a scheme or let the member decide on how to pay the balance of his loan.
Another focus of the GSIS is the update of the records of teachers. In fact, GSIS and the Department of Education have signed a MOA that would ensure that the more than 5,000 teachers and non-teaching personnel have updated records.
GSIS is also reactivating the survivorship benefits.
Vergara said, “This benefit was suspended for the last two years. But we are reactivating it as we believe that survivorship benefit is the right of all those who had been paying their contributions.”
Also, another change that is sweeping the GSIS is the treatment of pensioners/retirees. Before, every pensioner must show up at any GSIS office on his/her birth date, despite their physical condition. Today, they need not do so.
With tie-up with the National Statistics Office, it will be the NSO that will keep the GSIS informed on the civil status of the pensioner/retiree.*PNA