GSIS slates re­lease of cash ben­e­fit to mem­bers Jan. 6 to 31

Sun.Star Pampanga - - TOPSTORIES! -

State pen­sion fund Gov­ern­ment Service In­sur­ance Sys­tem (GSIS) has started re­leas­ing last Jan­uary 6 a to­tal amount of P185 mil­lion in cash ben­e­fit for its mem­bers.

“The to­tal cash ben­e­fit this year is far lower than the P848 mil­lion GSIS re­leased last year due to the de­creased net in­come from Php140 bil­lion in 2014 to P47 bil­lion in 2015,” Of­fi­cerin-Charge and con­cur­rent Se­nior Vice Pres­i­dent for NCR Op­er­a­tions Nora Malubay-Salu­dares said.

OIC Salu­dares added that GSIS’s in­come was af­fected by the de­cline in the Philip­pine stock mar­ket in 2015.

Mem­bers whose com­pul­sory life in­sur­ance poli­cies have been in force for at least one year as of De­cem­ber 31, 2015, are en­ti­tled to cash ben­e­fit. Also el­i­gi­ble are ac­tive mem­bers whose poli­cies ma­tured within 2015 and whose em­ploy­ers were sus­pended as of De­cem­ber 31, 2015. Back in July 2013, GSIS has re­stored the loan and cash ben­e­fit priv­i­leges of mem­bers work­ing in sus­pended agen­cies.

Mean­while, GSIS mem­bers whose poli­cies lapsed in 2015 are in­el­i­gi­ble to re­ceive the ben­e­fit. Sim­i­larly, pol­i­cy­hold­ers whose poli­cies were ter­mi­nated due to death, re­tire­ment, or sepa­ra­tion as of De­cem­ber 2015 are in­el­i­gi­ble to the ben­e­fit.

Mem­bers with out­stand­ing con­sol­i­dated loan bal­ances or un­paid premi­ums for at least 12

— Chris Navarro

HON­EST MAGALENO. Ma­galang Mayor Malu Paras-Lac­son and Vice-Mayor Nor­man Lac­son award a cer­tifi­cate of com­men­da­tion to Remi­gio Lac­son (2nd, L) for his hon­esty and in­tegrity in re­turn­ing a lost check to the owner. Look­ing on are coun­cilors Rudy Gonzales and Ri­cardo David.

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