MikeLigalig.com

By Fred Amora
The Bohol Standard

Old-age GSIS pensioners and their immediate families are calling on all three congressmen of Bohol, representatives Edgar Chatto (1st District), Roberto Cajes (2nd) and Adam Relson Jala (3rd) to look into these extortionate policies of GSIS, a government entity that is supposed to look after the welfare of government workers and those who have unselfishly rendered services and have retired.

That common impression that says: “inigkamatay nimo, impas tanan utang” is wrong after all!

The Government Service Insurance System (GSIS), the wealthiest, money-earning government owned-controlled corporation still collects a dead pensioner’s unpaid loan balance even after the member’s death.

In the GSIS Form No. A-PENL 0-01, the pensioner is made to agree that, “in case of maturity of this loan due to the death of the Pensioner-Borrower and it remains outstanding in whole or in part, both principal and interest, the GSIS is authorized to apply the funeral benefit due his/her beneficiaries, inclusive of interest, penalties and surcharges.”

GSIS Section Chief on Claims Ria Eva Sevilla said all these are clearly indicated in the terms and conditions for all pension loan application.

The GSIS funeral benefit is only P20,000 and if the dead pensioner has an outstanding balance loan of P50,000, the beneficiaries get no single centavo and they have to look for other funding source to bury their dead.

And the woes do not end there; the remaining unpaid loan balance will again be deducted from the monthly survivorship pension until the loan is fully paid. The GSIS further demands that should the benefits/claims from the GSI be in sufficient to cover the remaining balance, it shall not be prevented from filing the necessary civil and administrative actions for the recovery either against the borrower or his estate.

The pensioner’s beneficiaries will likewise be compelled to pay 25 % of all amounts outstanding as/ and for attorney’s fees and litigation expenses in case the loan collection reaches court.

Old-age GSIS pensioners and their immediate families are calling on all three congressmen of Bohol, representatives Edgar Chatto (1st District), Roberto Cajes (2nd) and Adam Relson Jala (3rd) to look into these extortionate policies of GSIS, a government entity that is supposed to look after the welfare of government workers and those who have unselfishly rendered services and have retired.

GSIS under Chairman Winston Garcia has been an object of public uproar as it allegedly squanders hard-earned member’s contribution spent on perks, allowances and fat salaries among officials.

GSIS is also known to have unnecessarily invested billions on collector’s items like paintings, vintage buildings and putting money on losing business ventures.

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