QuestionsQuestions (GSIS Resolution NO. 188)
It restructures the survivorship benefits under Republic Act No. 8291 by approving new policies on who is entitled, what benefits they receive, computation bases, filing periods, and how the benefits are to be applied prospectively.
If the member died while in active service with at least 15 years of creditable service, the survivors receive (1) survivorship pension and (2) a cash payment equivalent to 18 times the Basic Monthly Pension (BMP) for primary beneficiaries; otherwise, secondary beneficiaries or legal heirs receive the cash payment.
Primary beneficiaries receive a cash benefit equivalent to 100% of the Average Monthly Compensation (AMC) for every year of creditable service, but not less than P12,000.
Primary beneficiaries are entitled to the survivorship pension only (no cash payment under the policy).
Primary beneficiaries receive a cash benefit equivalent to 100% of the deceased member’s AMC for every year of creditable service, but not less than P12,000.
No. They are not entitled to receive survivorship benefits. However, if the separation benefit was not yet received within four years from separation, the primary beneficiaries may receive a cash benefit equivalent to 100% of AMC for every year of creditable service, but not less than P12,000.
They are not entitled to any survivorship benefits from the System, because they were never entitled to the grant from GSIS under those other retirement laws.
They are entitled to the survivorship pension. If the pensioner dies within the period covered by the lump sum, the survivorship pension is paid after the expiration of that period.
It consists of (1) Basic Survivorship Pension (BSP) and (2) Dependents’ Pension (DP). BSP is 50% of the BMP for the dependent spouse for life until remarriage, while DP is 10% of the BMP paid to every dependent child not exceeding five (5), counted from the youngest and without substitution, as long as qualified.
The survivorship pension is not guaranteed yearly adjustments due to inflation.
Applications should be filed within four (4) years from the death of the member or pensioner.
Applications received before the policy’s effectivity date shall be covered by the previous policies governing the filing of survivorship benefits.
Creditable service is the aggregate of 12 monthly contributions; thus, 15 creditable years equals 180 monthly contributions.
AMC is the average salary for the last three years of service prior to the member’s death or separation, where the corresponding premium contributions have been paid and remitted to GSIS.
The proposed policies are to be applied prospectively, implemented upon Board approval, and cover the specific guidelines stated for different categories of members and survivors.
Dependents include: (a) the legitimate spouse dependent for support; (b) legitimate, legitimated, legally adopted, and even illegitimate child who is unmarried, not gainfully employed, not over the age of majority, or over majority but incapacitated/incapable of self-support due to mental or physical defect acquired prior to age of majority; and (c) the parents dependent upon the member for support.