Professional Documents
Culture Documents
1. Definition REYSIE
2. Classification/Categories with definitions REYSIE
3. Milestones/Innovations
● GSIS enhances benefits of members, pensioners
First, more than 272,000 regular old-age and disability
pensioners, as of December 31, 2014, PGM Robert G. Vergara and
NCR Group SVP Nora Malubay-Saludares present to Honoria S.
Alcantara a facsimile check representing her milestone benefit.
page 2 Members urged to convert life insurance policy GSIS poised
for ISO certification pages 2-3 page 3 GSIS releases cash gift, cash
benefit to 1. 4 M members, pensioners received a one-time benefit
equivalent to onemonth pension or Php10,000, whichever is lower.
Second, GSIS introduced a ‘milestone’ benefit scheme for
nearly 7,300 pensioners who are at least 90 years old, as of
September 1, 2015. They shall receive the following milestone
benefits: Php20,000 for 90 to 94 years old; Php50,000 for 95 to 99
years old; and Php100,000 for 100 years old and above. Starting
September 2, 2015, regular pensioners will receive milestone
benefits on their life’s three milestones: Php20,000 on their 90th
birthday; Php30,000 on their 95th birthday; and Php50,000 on their
100th birthday
Third, qualified beneficiaries of GSIS members and
pensioners whose date of death is from September 1, 2015 or
onwards are entitled to an increased funeral benefit of Php30,000.
The funeral benefit was last increased in 2001 when it was
raised from Php18,000 to Php20,000. The increase is long GSIS
released the Christmas cash gift to a total of 235,180 old-age and
disability pensioners starting December 10, 2015.
● Egisismo
eGSISMO stands for Electronic GSIS Member Online. A web-
based system, eGSISMO allows you as a member to view
electronically any time and anywhere your member profile and
record of loans and claims.
https://www.gsis.gov.ph/downloads/publications/20160202-
GNEWS-EXT-2-2015.pdf?
csrt=958285151832875748#:~:text=Second%2C%20GSIS
%20introduced%20a%20'milestone,100%20years%20old%20and
%20above.
https://www.gsis.gov.ph/news/archive/?
csrt=17086123704185707889
https://www.gsis.gov.ph/gsis-enhances-policy-on-change-in-
retirement-options/
4. Main services
GSIS offers the following loan products to assist you with your financial
needs:
1. Enhanced Consolidated Salary Loan (ConsoLoan) Plus
https://www.gsis.gov.ph/active-members/loans/enhanced-conso-loan-plus/
2. Policy Loan
Policy loan is a loan program which you can avail from your
GSIS life insurance policy.
There are two kinds of compulsory GSIS life insurance programs
which are automatically granted to you the day you enter
government service: the Enhanced Life Policy (ELP) and the Life
Endowment Policy (LEP).
ELP provides cover for you if you entered the service after
July 31, 2003. Members whose policies have matured will also be
covered by ELP. The maximum loanable amount you can avail of
under ELP is up to 90 percent of the accumulated termination value
of this policy.
On the other hand, LEP refers to the life insurance policy
issued to you if you entered the service prior to August 1, 2003.
The maximum loanable amount you can avail of under LEP is up to
50 percent of the accumulated termination value of this policy.
You can choose to either pay your Policy Loan through
monthly amortization or have it count against your existing life
insurance policy contract.
The Policy Loan bears an interest of 8% compounded
annually.
https://www.gsis.gov.ph/policy-loan/
4. Pension Loan
A pension loan is offered to qualified old-age GSIS
pensioners who have no outstanding service loans being amortized
under the Choice of Loan Amortization Schedule for Pensioners
(CLASP) at the time of filing. The loan amount that may be availed
is based on the Basic Monthly Pension (BMP) and the pensioner’s
age as of the date of the receipt of the application or the time the
pensioner applied through the kiosk
https://www.gsis.gov.ph/pension/pension-loans/
5. Net worth for 2019 or prior until 2017 only price of stock in case it is listed
company
● 2017 - 66,600,000,000
● 2018 - 33,420,000,000
https://www.statista.com/statistics/1184223/philippines-net-worth-
government-service-insurance-system/#:~:text=The%20total%20net
%20worth%20value,billion%20Philippine%20pesos%20in%202018.
6. Website (screencap)
https://www.gsis.gov.ph/