Acceptance of Secondary Evidences for GSIS Loans

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GSIS MEMORANDUM CIRCULAR NO. 01-05: Acceptance of Secondary Evidences for GSIS Loans

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Title Source: Supreme Court: Acceptance of Secondary Evidences for GSIS Loans

Law: Gsis Memorandum Circular No. 01-05

Decision Date: Mar 29, 2005

The GSIS Board of Trustees has authorized the acceptance of secondary evidence, such as payroll documents and salary slips, for loan repayment records prior to July 1997 to facilitate the updating and reconciliation of members' accounts.

Law Summary

Approved Forms of Secondary Evidence

Office Payroll
Salary Payslip
Agency Salary Index Card

Temporal Application of Guidelines

Secondary evidence acceptance applies only to loan repayments due and payable before July 1997.
For repayments from July 1997 onwards, records are based solely on Agency Remittance Lists.

Certification Requirement for Submitted Documents

Submitted secondary evidence must be certified by the Agency Finance or Accounting Officer.
Certifier’s specimen signature must be current and on file with GSIS offices (Home, District, Field, Satellite).

Official Receipts Not Required

Secondary evidences need not be accompanied by Official Receipts showing the remittance of loan repayments.

Encouragement for Submission to Facilitate Record Reconciliation

Members are encouraged to submit acceptable secondary evidences to their servicing GSIS Offices.
Aims to facilitate reconciliation and updates of individual loan accounts.

Administrative and Legal Authority

Memorandum adopted on 29 March 2005.
Signed by Winston F. Garcia, GSIS President and General Manager.

END