Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Friday, 26 May 2017 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
PBB Guidelines 2016
Click to Open
PIA Snapshot

120201-r6-goodjob
PIA Online
One Mindanao eNewsmagazine
One Visayas eNewsletter
One Luzon eNewsmagazine
ST@R eNewsmagazine
PIA Members Only:
PMIS | PANP Phone Directory
PIAEA Corner:
Application | View PIAEA Site
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
Information to Empower Filipinos
English NewsFoto ArchivesRegional WatchOFW Watch
FrontpageHeadlines by RegionNews ArchivePIA SpecialsICT News

PIA Press Release
Thursday, January 05, 2012

 

GSIS paid P50B in claims and benefits in 2011

by Alfonso T. Ruda

DIPOLOG CITY, JAN. 5(PIA) -- The Government Service Insurance System (GSIS) has paid a total of P50 billion in benefit and claims to its members and pensioners in 2011, 18.4 percent higher than the P42.2 billion it had disbursed in 2010.

The monthly pension benefit, which accounted for half of the total claims, reached P24 billion, representing an increase of 12.8 percent over the P21.3 billion level in 2010.

The GSIS, which has more than 200,000 active pensioners, disburses an average of P1.7 billion in pension benefit every month.

The pension fund has also released P16 billion in retirement benefits in 2011, 46.7 percent higher compared to P11 billion it had released last year.

Life insurance amounted to P4.5 billion, a 9.8 percent growth from P4.1 billion in 2010.

Total disability benefits released rose to 25.4 percent to P142.9 million from P113.9 million in the previous year while funeral benefits disbursed reached P220.1 million from P215million last year.

Similarly, the GSIS posted increased disbursements in optional, pre-need and Employees Compensation (EC) insurance benefits - optional insurance benefits grew to P718.1million from P15.4 million; pre-need insurance went up to P298.5 million from P243.5 million; and Employees Compensation climbed to P58.5 million from P30.7 million.

GSIS President and General Manager Robert G. Vergara attributed the improved performance to massive efforts in updating members’ records, increased accessibility with the roll-out of additional GWAPs Kiosks and renewed partnership with LANDBANK as an additional service bank. These initiatives resulted in a more accurate database and faster disbursement of claims and benefits.

“Today, claims can be filed in any of our offices. Besides, such benefits such as cash dividend for our members and pension cash gift for our pensioners are now conveniently withdrawn through GSIS eCard,” Vergara said.

“We look forward to another year of breakthrough not only in terms of claims disbursements but more importantly, in terms of delivering responsive and convenient services to our stakeholders,” Vergara added. (ALT/ATR/PIA9-ZamboNorte)

Latest Stories
  • DOST project beneficiary produces biggest 'ulang' (R02)
  • Solar energy to light up 75 more houses in off-grid areas in NegOr (R07)
  • DA plans to use Mindanao program in Luzon (R11)
  • DSWD 1 marks its 61st anniversary celeb in February (R01)
  • 500 poor families get 'bags of blessing' (R06)
  • Close to 200 Negros Occidental police officers get promotion (R06)
  • NGO urges public to collect, propagate seeds to create native tree forests in CV (R07)
  • Police Information Officers receives commendation medals (R06)
  • DSWD brings Pantawid Pamilya program to Dumaguete City (R07)
  • LGU issues guidelines on use of municipal filling station (CAR)
  • NGO to hold free breast, cervical cancer screening (R07)
  • Aklan detainees trained on proper waste management (R06)
  • Hiligaynon news: DOLE 6 may bag-o nga direktor (R06)
  • Mangrove tree planting to highlight World Wetlands Day (R06)
  • Balikbayan finds ulang production profitable (R02)
  • Hiligaynon news: Impormasyon sa populasyon sa Iloilo nagapakita pagkinahanglan sa pagmanehar sing maayo (R06)
  • Various activities to mark World Wetlands Day in Iloilo (R06)
  • Tagalog News: Tapul Reef, ipinapadeklarang fish sanctuary (MIM)
  • Hiligaynon news: Alert Level sa Yemen napanubo sa level 2 – DFA (R06)
  • P118-M worth of Infra projects implemented by Dipolog in 2011 (R09)
    FotoCatalogSitestats  
    GOOD NEWS Series
    goodnews
    PIA Special Sites:

    ASEAN Philippines

    Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
    For comments and feedback, please email PIA Newsdesk
    Copyright © 2005 Philippine Information Agency
    PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines