Question & AnswerQ&A (Republic Act No. 4847)
The main purpose of Republic Act No. 4347 is to increase the number of members of the Board of Trustees of the Government Service Insurance System (GSIS) from five to eight by amending Section 16 of Commonwealth Act No. 186.
The Board of Trustees of the GSIS shall consist of eight members: the General Manager of the System and seven other members appointed by the President of the Philippines with the consent of the Commission on Appointments.
The members of the GSIS Board of Trustees are appointed by the President of the Philippines with the consent of the Commission on Appointments.
Three of the members must represent three leading confederations of government employee organizations or associations that represent the cross-section of government employees irrespective of profession, agency, or class.
The organizations must represent the largest number of government employees registered as members or affiliated organizations, without limitation to profession, class, level, or agency, covering all branches and instrumentalities of the government.
The GSIS is managed by the Board of Trustees, which includes the General Manager and seven other appointed members.
The principal place of business is in Manila or Quezon City, Philippines.
Each appointive trustee holds office for three years or until their successor is duly qualified, except for the initial appointees where two hold office for two years and two for three years.
The trustee continues to hold office until their successor is duly qualified.
Vacancies other than through term expiration are filled for the unexpired term only.
Trustees are entitled to a per diem of twenty-five pesos for each day of actual attendance in session.
The trustees elect from among themselves a chairman and a vice-chairman.
No, the General Manager ceases to be a trustee upon separation from the GSIS.
The Act took effect upon its approval on June 18, 1966.