Guide on the GSIS Retirement Benefit Offer for Members
GSIS RETIREMENT BENEFIT – Here is a guide about this benefit offer that the Government Service Insurance System members look forward to the most.
Undeniably, among the many benefit offers that the members of the Government Service Insurance System may be entitled to, the one that the members look forward to the most is the Retirement Benefit offer.
Through the GSIS Retirement Benefit offer, the state-run social insurance institution wants to help the members prepare for the future. The pursuit of regularly posting monthly contributions may lead to a monthly pension when time comes that a member stops working.
The state-run social insurance institution provides members with different Retirement Programs that they can choose from. Here are the programs and the qualifications under each:
RA 8291 or the GSIS Act of 1997
Eligibility Criteria
- must have rendered at least 15 years of service and must be at least 60 years old upon retirement
- must not be permanent total disability pensioner
Documentary Requirements
- duly-accomplished application form for Retirement/Separation/Life Insurance Benefit
- Service Record with Leave without Pay (LWOP) certification (indicating specific time and dates of LWOP)
- Declaration of Pendency/ Non-Pendency of Case (DPNPC) form (date administered/ notarized should be on or after receipt of notification from GSIS.
Presidential Decree (PD) 1146
Eligibility Criteria
- must have rendered at least 15 years of service and must at least be 60 years old upon retirement
- last 3 years of service prior to retirement must be continuous and your employment status is permanent
Documentary Requirements
- duly-accomplished application form for Retirement/Separation/Life Insurance Benefit
- Service Record with Leave without Pay (LWOP) certification (indicating specific time and dates of LWOP)
- Declaration of Pendency/ Non-Pendency of Case (DPNPC) form (date administered/ notarized should be on or after receipt of notification from GSIS.
RA 1616 or the Take All Benefit
Eligibility Criteria
- must have entered government service before June 1, 1977
- must have rendered at least 20 years of service regardless of age and employment status
- last 3 years of service prior to retirement must be continuous, expect in cases of death, disability, or abolition of position due to reorganization
Documentary Requirements
- duly-accomplished application form for Retirement/Separation/Life Insurance Benefit
- Service Record with Leave without Pay (LWOP) certification (indicating specific time and dates of LWOP)
- Declaration of Pendency/ Non-Pendency of Case (DPNPC) form (date administered/ notarized should be on or after receipt of notification from GSIS.
RA 660 or the Magic 87
Eligibility Criteria
- must have entered government service before June 1, 1977
- appointment status must be permanent
- last 3 years of service prior to retirement must be continuous, except in cases of death, disability, or abolition of position due to reorganization
- must be at least 52 years old and meet the corresponding years of service (YOS) required for eligibility
Documentary Requirements
- duly-accomplished application form for Retirement/Separation/Life Insurance Benefit
- Service Record with Leave without Pay (LWOP) certification (indicating specific time and dates of LWOP)
- Declaration of Pendency/ Non-Pendency of Case (DPNPC) form (date administered/ notarized should be on or after receipt of notification from GSIS.
With regards to the benefit offers for the retirees, there are also different sets and options of benefits depending on the Retirement Program chosen by the retiree.
