The Pag-IBIG Fund Housing Loan Program is available to all active Pag-IBIG Fund members, who have satisfied the following requirements:
- At least 24 monthly savings.
- Not more than sixty-five (65) years old at the date of application and not more than seventy (70) years old at maturity of the loan.
What is the mandate of GSIS?
The Government Service Insurance System, by virtue of Republic Act 656 and as amended by Presidential Decree 245, is mandated to insure all properties, assets, and interests of the government against any insurable risk.
What are the benefits of GSIS members?
Benefits
- Life Insurance.
- Retirement.
- Separation.
- Unemployment.
- Disability.
- Survivorship.
- Funeral.
- Employees Compensation.
Is pag-ibig and GSIS the same?
The Government Service Insurance System (GSIS) and the Home Development Mutual Fund (more popularly known as Pag-IBIG Fund) today signed a credit facility agreement providing an initial GSIS allocation of Php5 billion to finance the housing loans of its members and pensioners through the Pag-IBIG Fund.
Is GSIS only for government employees?
GSIS covers all government workers irrespective of their employment status, except: Members of the Judiciary and Constitutional Commissions who are covered by separated retirement laws; Contractual employees who have no employee-employer relationship with their agencies; and.
How many members are there in GSIS governing body?
The governing and policy-making body of the GSIS is the Board of Trustees, the members of which are appointed by the President of the Philippines. The GSIS workforce consists of 3,104 employees, 52% of whom are in the Head Office while the remaining 48% are in the Branches.
How do you know if you are GSIS member?
Now, your GSIS is literally at your fingertips. Simply text 4747 and get instant information about your membership, loans, retirement, and many more. (Note: Your GSIS ID number is the 11-digit number located below your name in your GSIS eCard Plus). …
Can I have both SSS and GSIS?
If qualified under RA 8291, all the benefits shall apply EXCEPT the cash payment. The Portability Law provides that only benefits common to both Systems (GSIS and SSS) shall be paid. Cash payment is NOT included in the benefits provided by the SSS.
What do you need to know about GSIS housing loans?
The GSIS no longer offers housing loans as it did in the past, and is presently focused on compulsory life insurance, optional life insurance, retirement benefits, disability benefits for work-related contingencies, and death benefits for its government-worker members.
What kind of insurance is available for GSIS?
There are two types offered. LEP is the old policy wherein GSIS started with. It gives insurance coverage for active members who started working for the government before August 1, 2003. The maturity of the policy entails specific benefits, which are:
Why are GSIS executives instructed to work from home?
All GSIS executives and employees nationwide, except for the Security Department and other designated personnel, are instructed to work from home to ensure the timely delivery of services including pension payments. All prior skeletal staffing and rotational work arrangements are hereby revoked; Filing and processing of non-life insurance claims.
When do government agencies have to remit to GSIS?
Remittance of Contribution to GSIS 1. Each government agency shall remit directly to the GSIS the employees’ and government agency’s contributions within the first Ten (10) days of the calendar month following the month to which the contributions apply.
