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GSIS okays pensioners receiving other income 12/12/2010

Sunday, December 12, 2010

GSIS okays pensioners receiving other income

12/12/2010
Some 306,597 old-age and survivorship pensioners of the Government Service Insurance System (GSIS) will now receive pension benefits even if some of them are still employed or are receiving other forms of income.

In its meeting this week, the GSIS board approved a resolution for this purpose revising the provision of Implementing Rules and Regulations (IRR) of the GSIS Charter (RA 8291) disqualifying surviving spouses from getting the usual half of the GSIS pensioners monthly benefit if they are earnings more than the minimum wage rate or are getting pension from other institutions.

The previous provision leans on the idea that the surviving spouse must be “dependent for support” on the deceased pensioners.

GSIS president and general manager Robert G. Vergara said the Board recognized that “gainful employment” does not imply that a surviving spouse is no longer dependent for support upon the deceased member or pensioner.... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20101212hed7.html

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