Law Summary
Survivorship Benefits for Members with 15 or More Years Creditable Service
- Active members: survivors receive survivorship pension plus a cash payment equal to 18 times the Basic Monthly Pension (BMP).
- Inactive members: survivors receive survivorship pension only.
Survivorship Benefits for Members with Less than 15 Years Creditable Service
- Active members: survivors receive cash payment equal to 100% of average monthly compensation per year of creditable service.
- Inactive members under 60 at death: survivors receive cash payment equal to 100% of average monthly compensation per year of service, but not less than P12,000.
- Inactive members aged 60 or above at separation: no survivorship benefits unless separation benefit unpaid for 4 years, then cash benefit applies.
- Minimum of 3 years creditable service required for survivorship benefits in this category.
Survivorship Benefits Exclusion
- Survivors of members retired under retirement laws not administered by GSIS are not entitled to survivorship benefits.
Survivorship Benefits for GSIS Retiree-Pensioners and Disabled Members
- Survivors of retiree-pensioners or permanent total disability income beneficiaries are entitled to survivorship pension.
- Survivorship pension commences after expiration of any lump sum payment period if death occurs within that lump sum period.
Composition and Payment of Survivorship Pension
- Survivorship pension consists of Basic Survivorship Pension (BSP) and Dependents’ Pension (DP).
- BSP: 50% of BMP paid to dependent spouse for life or until remarriage.
- DP: 10% of BMP paid to each dependent child, up to five children, for as long as qualifications are met.
- Payment shares and order of precedence among spouse and children follow R.A. 8291 provisions.
- Dependents include legitimate spouse, unmarried/unemployed children under majority or incapacitated, and parents dependent on member.
Application and Prescription Period
- Survivorship benefit applications must be filed within 4 years of member or pensioner’s death.
- Applications filed before policy effectivity are governed by previous rules.
Determination of Average Monthly Compensation (AMC)
- AMC is the average salary during last 3 years of service prior to death or separation, with premium contributions duly paid to GSIS.
Implementation and Publication
- Policies apply prospectively upon Board approval.
- Board Resolution No. 188 dated August 13, 2003, governs these policies.
- GSIS is directed to publish these policies in the Official Gazette and newspapers of general circulation for public knowledge.