Government Service Insurance System (GSIS)
GSIS HISTORY
The GSIS was created on November 14, 1936 under Commonwealth Act No. 176, also known as the GSIS Charter. Its goal is to promote the efficiency and welfare f the employees of the Government of the Philippines. CA 186, which is considered the first significant legislation in Philippine social security, initially provided for life insurance protection to all government workers. Before the establishment of the GSIS in 1936, there were several retirement plans in operation for specific groups, like the Philippine Constabulary under Act No. 1638, Public School Teachers under Act No. 3050, and health Service Employees under Act No. 3173.
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VISION
We envision a progressive Philippines whose public servants are secure and proud with our adequate benefits and responsive service.
MISSION
We are committed to provide adequate benefits and responsive service to all our members and their dependents, comprehensive protection to government insurable assets, and maximum contribution to nation building.
MANDATE
The GSIS, created by Commonwealth Act No. 186 passed on November 14, 1936 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.
In addition, the GSIS is entrusted with the administration of the General Insurance Fund by virtue of RA656 of the Property Insurance Law. It provides insurance coverage to assets and properties which have government insurable interests.
COVERAGE
The GSIS covers all government workers irrespective of their employment status, except employees who have separate retirement schemes under special laws, to wit:
- Members of the Judiciary and Constitutional Commissions
- Contractual employees who have no employee-employer relationship with their agencies
- Uniformed members of the Armed Forces of the Philippines and the Philippine National Police, including the Bureau of Jail Management and Penology and the Bureau of Fire Protection
ORGANIZATION
The governing and policy-making body of the GSIS is the Board of Trustees, the members of which are appointed by the President of the Philippines.
The GSIS workforce consists of 3,104 employees, 52% of whom are in the Head Office while the remaining 48% are in the Branches. To date, there are 40 branches and 78 satellite offices nationwide. It is envisioned that the System's service network will continue to increase as the institution is committed to provide branch offices in every province where there exists a minimum of 15,000 active members.
MEMBERSHIP COVERAGE
Membership Coverage - As of December 2000
| | Number | % Share |
| DECS | 533,021 | 36% |
| LGUs | 397,773 | 27% |
| National Offices | 444,669 | 30% |
| GOCC's | 96,725 | 7% |
| Total | 1,472,188 | 100% |
BENEFITS AND SERVICES
The principal benefit package of the GSIS consist of compulsory and optional life insurance, retirement, separation and employee's compensation benefits.
SERVICE PRIVILEGES
Active GSIS members are entitled to the following loan privileges: salary, policy, emergency and housing loans.
SUMMARY:
| BENEFITS | PRIVILEGES |
| Retirement (RA 8291, PD 1146, RA 660, | Optional Insurance |
| RA 1616) | Pre-Need |
| Separation (CP of 18 BMP, pension at 60) | Group Insurance |
| Unemployment (due to reorg.,merger or priv.) | Salary Loans |
| Disability (Perm. Total & Partial, Temp. Total) | Policy Loans |
| Survivorship (Spouse-50%, dep.-not to exc.50%) | Housing Loans |
| Life Insurance (Mat.,Dth.,Acc.Dth.,CSV,Dis.) | Mutual Fund |
| Funeral (20,000.00) | |
BENEFITS, SERVICES, LOAN FACILITIES, & OTHER PROGRAMS
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