Question & AnswerQ&A (GSIS Resolution NO. 1)
The resolution approves the Policy and Procedural Guidelines (PPG) in the processing of retirement claims of re-employed government officials/employees who had previously received retirement benefits.
The policy covers only those members who had previously retired or resigned and re-entered government service before June 24, 1997.
Affected members have thirty (30) days from the date of publication of the policy to refund the applicable retirement benefits received from previous retirements or separations.
The gross amount of retirement or separation benefits paid by the GSIS in the previous retirement or resignation shall be assessed a simple interest at the rate of two percent (2%) per month.
Yes, the gratuity benefit under Republic Act No. 1616 paid by the agency shall not be subject to any interest.
No, offsetting or deduction of retirement or resignation benefits previously received from accrued benefits due to a subsequent retirement is not allowed.
They are considered new entrants, and their previous services shall not be considered in the computation of service upon subsequent retirement under Republic Act No. 8291, and no refund of previously received retirement benefits will be allowed.
Republic Act No. 8291 governs the computation of their retirement benefits as new entrants.
All existing Policy and Procedural Guidelines, Board Resolutions, Office Orders, and other previous issuances by the GSIS that are inconsistent with this policy are modified, superseded, or repealed accordingly.
The Policy and Procedural Guidelines take effect after publication in the Official Gazette or in at least two newspapers of general circulation.