GSIS Assures Protection To All Retirees

The Government Service Insurance System (GSIS) on Thursday assured all government retirees that they will be ‘well protected’ by providing what is due to them once they will retire from the service.

Ma. Fatima Revamonte-Alvarez, GSIS Regional Manager, was proud to introduce their new system of inquiries from members or its beneficiaries who are in need of exact information about the status of their membership within the said agency.

Alvarez said at the span of 10-15 minutes, any query will be answered by their office. She added that a GSIS member can file a retirement claim within 60 days before its retirement day to allow the GSIS people to process all the necessary documents for the retirement benefits.

Alvarez explained that retirees are closed to their hearts, and this is the reason why the agency is opt to provide them individually the 18 month lump sum benefits.

Types of Retirement

There are two types of GSIS retirees, the optional retirement and compulsory retirement. Optional retirement can be applied by those who already at the age of 60 or over,while the compulsory retirement can be given at the age of 65, Alvarez said.

Any retiree can avail the 18 month lump sum payment, which is free of charge. This is the first benefit that any retirees can avail from the GSIS, she said adding that a monthly pension will follow once there is already a schedule provided by the office.

Aside from a monthly pension, a retiree can also avail the P10,000 minimum Christmas gift bonus from the GSIS office.

But to avail of everything due to a retiree, “we asked everybody to remain sincere and honest to pay your monthly premium or loan amortization, with the agency”, Alvarez added.