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PIA Press Release
2008/11/01

Remit contributions, loan payments on time, GSIS advises members

by Venus G. Villanueva

Kalibo, Aklan (1 November) -- To prevent underpayments in the remittances of GSIS contributions, the Government Service Insurance System (GSIS) is advising members, especially those assigned to remit to pay the contributions and other payments on time.

According to Ronie Abella, Satellite Head of GSIS-Satellite Office in Aklan, late remittances of contributions incur interests, which are taken from the payments forwarded by respective agencies to the GSIS.

"GSIS has no collectors, so we just wait for the time when payments are remitted to our office," Abella said.

If the remittances are forwarded to the GSIS on time, there will be no interest charged. Abella also advised GSIS members to remind their respective agencies to pay their remittances on time.

"We always blame the GSIS for the recorded underpayments, but have we asked our respective agencies if they are paying our contributions on time?" Abella asked.

The issue on underpayments came up as one of the questions raised to Abella when he guested recently over "Kapihan Sa RMN-Kalibo" a joint program of the Philippine Information Agency and RMN-DYKR-Kalibo here.

According to Abella, the underpayments in GSIS premiums could affect the creditable years of service of a government employee.

"The creditable years of service in government of a certain government employee is premium-based. It is embedded in the law. The years counted is equivalent to the payments made by the member. For example, a GSIS member, who is about to retire has religiously paid his premiums and other payments on time. His payments will be counted accordingly which will translate to the number of years he had been in the service credited in the GSIS records. Here comes another member who is also about to retire and has actually rendered longer years of service in the government. However, his payments to the GSIS are always delayed, so underpayments are recorded, as parts of his payments were taken as interest. So although he has served the government longer, his creditable years in service will depend on the payments he made," Abella explained.

Abella said it would be unfair if a member will be paid by the GSIS of his pensions basing on the actual years of service he has served the government even if he had not paid some or had underpayment in his premiums.

Presently, GSIS-Aklan is in the process of reposting payments made by the members. Although somewhat stalled by Typhoon Frank, Abella assured that the office is stable in terms of transactions.

As of September of this year, Abella said there are changes in policies - there are records updating of the system - in order to give correct services to the members, and to give them the correct benefits.

By yearend, Abella hopes everything at GSIS will run smoother for the convenience of GSIS members and pensioners. (PIA) [top]

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