Question & AnswerQ&A (GSIS Resolution NO. 47)
Regular members are required to remit life insurance and retirement premium contributions and can avail of retirement and loan benefits under GSIS. Special members are covered by separate retirement schemes, remit only life insurance premiums, and are generally not entitled to GSIS-administered retirement benefits or loan privileges unless there is a special agreement with GSIS.
Special members may avail of ConsoLoan after a special agreement between their agency and GSIS, with a maximum loanable amount up to ten months of their computed monthly salary. They may also avail of policy loans on their life insurance policies, subject to existing policies. Housing loan arrearages are not covered under ConsoLoan for special members.
A former regular member becomes a special member on the date when a law providing a separate pension or retirement benefits takes effect, on the date of transfer to an agency with a separate pension scheme, or upon appointment to a position entitled to a separate retirement package.
Agencies must remit premiums for life insurance coverage only, which is three percent of the basic monthly salary for the personal share and three percent for the government share, totaling six percent of the basic monthly salary.
No, special members are generally not entitled to GSIS-administered retirement, separation, disability, or survivorship benefits. They are only entitled to life insurance benefits and in some cases loan privileges if the agency has a special agreement with GSIS.
The GSIS shall return any excess retirement premium (personal share) deducted from the special member's salary to the agency and return the government share excess to the Department of Budget and Management (DBM).
If the special member has less than 15 years of service, separation benefits equal the period with premium payments multiplied by the average monthly compensation payable at age 60. If 15 years or more service and under 60 years old, separation benefits include 18 times the basic monthly pension payable immediately plus old-age pension at age 60.
Yes. Special members may pre-terminate loans (except housing loans) by paying the outstanding balance before the loan term ends. Loan agreements also end automatically upon conditions like death, resignation, permanent disability, retirement, or separation.
Special members and their dependents may claim Employees' Compensation benefits in case of work-related injury, sickness, disability, or death while in service.
A retiree receiving pension benefits who is re-employed as a special member continues to receive the pension or gratuity benefits without interruption.