ra 8291 the gsis act of 1997

7/28/2019 RA 8291 The GSIS Act of 1997

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THE

GOVERNMENT SERVICE INSURANCE SYSTEM

ACT OF 1997

REPUBLIC ACT NO. 8291

N CT MENDING PRESIDENTI L DECREE NO. 1146, S MENDED, EXP NDING

ND INCRE SING THE COVER GE ND BENEFITS OF THE GOVERNMENT SERVICE

INSUR NCE SYSTEM, INSTITUTING REFORMS THEREIN ND FOR OTHER

PURPOSES

SECTION 1. Presie!"i#$ De%ree N&. 1146, #s #'e!e, &"(er)ise *!&)! #s "(e +ReiseG&er!'e!" Seri%e I!s-r#!%e A%" & 1/00+ , is (ere2 -r"(er #'e!e "& re# #s &$$&)s3

+SECTION 1. Ti"$e. T(e "i"$e & "(is A%" s(#$$ e3 +T(e G&er!'e!" Seri%e I!s-r#!%e S2s"e' A%"& 1//0.+

B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e

+ . DEFINITION S

+SEC. 7. Dei!i"i&! & "er's. U!$ess "(e %&!"e" &"(er)ise i!i%#"es, "(e &$$&)i!8 "er's s(#$$'e#!3

+9#: GSIS T(e G&er!'e!" Seri%e I!s-r#!%e S2s"e' %re#"e 2 C&''&!)e#$"( A%" N&. 1;6<

+9: B&#r T(e B&#r & Tr-s"ees & "(e G&er!'e!" Seri%e I!s-r#!%e S2s"e'<

+9%: E'5$&2er T(e !#"i&!#$ 8&er!'e!", i"s 5&$i"i%#$ s-iisi&!s, r#!%(es, #8e!%ies &ri!s"r-'e!"#$i"ies, i!%$-i!8 8&er!'e!"&)!e &r %&!"r&$$e %&r5&r#"i&!s, #! i!#!%i#$ i!s"i"-"i&!s)i"( &ri8i!#$ %(#r"ers, "(e %&!s"i"-"i&!#$ %&''issi&!s #! "(e =-i%i#r2<

+9: E'5$&2ee &r Me'er A!2 5ers&! re%eii!8 %&'5e!s#"i&! )(i$e i! "(e seri%e & #! e'5$&2er#s ei!e (erei!, )(e"(er 2 e$e%"i&! &r #55&i!"'e!", irres5e%"ie & s"#"-s & #55&i!"'e!",i!%$-i!8 #r#!8#2 #! S#!88-!i#! &i%i#$s<

+9e: A%"ie Me'er A 'e'er )(& is !&" se5#r#"e r&' "(e seri%e<

+9: De5e!e!"s De5e!e!"s s(#$$ e "(e &$$&)i!83 9#: "(e $e8i"i'#"e s5&-se e5e!e!" &rs-55&r" -5&! "(e 'e'er &r 5e!si&!er< 9: "(e $e8i"i'#"e, $e8i"i'#"e, $e8#$$2 #&5"e %(i$,i!%$-i!8 "(e i$$e8i"i'#"e %(i$, )(& is -!'#rrie, !&" 8#i!-$$2 e'5$&2e, !&" &er "(e #8e &'#=&ri"2, &r is &er "(e #8e & '#=&ri"2 -" i!%#5#%i"#"e #! i!%#5#$e & se$s-55&r" -e "& #

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7/28/2019 RA 8291 The GSIS Act of 1997


'e!"#$ &r 5(2si%#$ ee%" #%>-ire 5ri&r "& #8e & '#=&ri"2< #! 9%: "(e 5#re!"s e5e!e!" -5&! "(e'e'er &r s-55&r"<

+98: Pri'#r2 e!ei%i#ries T(e $e8#$ e5e!e!" s5&-se -!"i$ (e?s(e re'#rries #! "(e e5e!e!"%(i$re!<

+9(: Se%&!#r2 e!ei%i#ries T(e e5e!e!" 5#re!"s #!, s-=e%" "& "(e res"ri%"i&!s &! e5e!e!"%(i$re!, "(e $e8i"i'#"e es%e!#!"s<

+9i: C&'5e!s#"i&! T(e #si% 5#2 &r s#$#r2 re%eie 2 #! e'5$&2ee, 5-rs-#!" "& (ise$e%"i&!?#55&i!"'e!", e%$-i!8 5er ie's, &!-ses, &er"i'e 5#2, (&!&r#ri#, #$$&)#!%es #! #!2&"(er e'&$-'e!"s re%eie i! #i"i&! "& "(e #si% 5#2 )(i%( #re !&" i!"e8r#"e i!"& "(e #si% 5#2-!er eis"i!8 $#)s<

+9=: C&!"ri-"i&! T(e #'&-!" 5#2#$e "& "(e GSIS 2 "(e 'e'er #! "(e e'5$&2er i! #%%&r#!%e)i"( Se%"i&! @ & "(is A%"<

+9*: C-rre!" D#i$2 C&'5e!s#"i&! T(e #%"-#$ #i$2 %&'5e!s#"i&! &r "(e #%"-#$ '&!"($2%&'5e!s#"i&! iie 2 "(e !-'er & )&r*i!8 #2s i! "(e '&!"( & %&!"i!8e!%2 -" !&" "&e%ee ")e!"2")& 977: #2s<

+9$: Aer#8e M&!"($2 C&'5e!s#"i&! 9AMC: T(e >-&"ie!" #rrie #" #"er iii!8 "(e #88re8#"e%&'5e!s#"i&! re%eie 2 "(e 'e'er -ri!8 (is $#s" "(ir"2si 96: '&!"(s & seri%e 5re%ei!8(is se5#r#"i&!?re"ire'e!"? is#i$i"2?e#"( 2 "(ir"2si 96:, &r 2 "(e !-'er & '&!"(s (e re%eies-%( %&'5e!s#"i&! i (e (#s $ess "(#! "(ir"2si 96: '&!"(s & seri%e3 Pr&ie, T(#" "(e #er#8e'&!"($2 %&'5e!s#"i&! s(#$$ i! !& %#se e%ee "(e #'&-!" #! r#"e #s '#2 e res5e%"ie$2 se" 2"(e B&#r -!er "(e r-$es #! re8-$#"i&!s i'5$e'e!"i!8 "(is A%" #s e"er'i!e 2 "(e #%"-#r2 &

"(e GSIS3 Pr&ie, -r"(er, T(#" i!i"i#$$2 "(e #er#8e '&!"($2 %&'5e!s#"i&! s(#$$ !&" e%ee Te!"(&-s#! 5es&s 9P1,.:, #! 5re'i-' s(#$$ e !i!e 5er%e!" 9/: #! ")e$e 5er%e!" 917:&r e'5$&2ee #! e'5$&2er %&eri!8 "(e AMC $i'i" #! e$&) #! ")& 5er%e!" 97: #! ")e$e5er%e!" 917: &r e'5$&2ee #! e'5$&2er %&eri!8 "(e %&'5e!s#"i&! #&e "(e AMC $i'i"<

+9': Re#$-e #er#8e '&!"($2 %&'5e!s#"i&! A! #'&-!" e>-#$ "& &!e (-!re see!"2 5er%e!"910: & "(e irs" O!e "(&-s#! 5es&s 9P1,.: & "(e #er#8e '&!"($2 %&'5e!s#"i&! 5$-s&!e (-!re 5er%e!" 91: & "(e #er#8e '&!"($2 %&'5e!s#"i&! i! e%ess & O!e "(&-s#!5es&s 9P1,.:<

+9!: L-'5 s-' T(e #si% '&!"($2 5e!si&! '-$"i5$ie 2 si"2 96:<

+9&: Pe!si&!er A!2 5ers&! re%eii!8 &$#8e 5er'#!e!" "&"#$ is#i$i"2 5e!si&! &r #!2 5ers&! )(&(#s re%eie "(e $-'5 s-' e%$-i!8 &!e re%eii!8 s-ri&rs(i5 5e!si&! e!ei"s #s ei!e i!Se%"i&! 7 & "(is A%"<

+95: G#i!-$ O%%-5#"i&! A!2 5r&-%"ie #%"ii"2 "(#" 5r&ie "(e 'e'er )i"( i!%&'e #" $e#s"e>-#$ "& "(e 'i!i'-' %&'5e!s#"i&! & 8&er!'e!" e'5$&2ees<

7/28/2019 RA 8291 The GSIS Act of 1997


+9>: Dis#i$i"2 A!2 $&ss &r i'5#ir'e!" & "(e !&r'#$ -!%"i&!s & "(e 5(2si%#$ #!?&r 'e!"#$ #%-$"2& # 'e'er )(i%( re-%es &r e$i'i!#"es (is?(er %#5#%i"2 "& %&!"i!-e )i"( (is?(er %-rre!" 8#i!-$&%%-5#"i&! &r e!8#8e i! #!2 &"(er 8#i!-$ &%%-5#"i&!<

+9r: T&"#$ Dis#i$i"2 C&'5$e"e i!%#5#%i"2 "& %&!"i!-e )i"( (is 5rese!" e'5$&2'e!" &r e!8#8e i! #!2

8#i!-$ &%%-5#"i&! -e "& "(e $&ss &r i'5#ir'e!" & "(e !&r'#$ -!%"i&!s & "(e 5(2si%#$ #!?&r'e!"#$ #%-$"ies & "(e 'e'er<

+9s: Per'#!e!" T&"#$ Dis#i$i"2 A%%r-es &r #rises )(e! re%&er2 r&' "(e i'5#ir'e!" 'e!"i&!e i!Se%"i&! 7 9: is 'ei%#$$2 re'&"e<

+9": Te'5&r#r2 T&"#$ Dis#i$i"2 A%%r-es &r #rises )(e! "(e i'5#ire 5(2si%#$ #!?&r 'e!"#$#%-$"ies %#! e re(#i$i"#"e #!?&r res"&re "& "(eir !&r'#$ -!%"i&!s<

+9-: Per'#!e!" P#r"i#$ Dis#i$i"2 A%%r-es &r #rises -5&! "(e irre&%#$e $&ss &r i'5#ir'e!" &%er"#i! 5&r"i&!?s & "(e 5(2si%#$ #%-$"ies, es5i"e )(i%( "(e 'e'er is #$e "& 5-rs-e # 8#i!-$

&%%-5#"i&!.

B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e

+B . MEMBERSHIP IN THE GSIS

+SEC. . C&'5-$s&r2 Me'ers(i5. Me'ers(i5 i! "(e GSIS s(#$$ e %&'5-$s&r2 &r #$$e'5$&2ees re%eii!8 %&'5e!s#"i&! )(& (#e !&" re#%(e "(e %&'5-$s&r2 re"ire'e!" #8e,irres5e%"ie & e'5$&2'e!" s"#"-s, e%e5" 'e'ers & "(e Ar'e F&r%es & "(e P(i$i55i!es #! "(eP(i$i55i!e N#"i&!#$ P&$i%e, s-=e%" "& "(e %&!i"i&! "(#" "(e2 '-s" se""$e irs" "(eir i!#!%i#$&$i8#"i&! )i"( "(e GSIS, #! %&!"r#%"-#$s )(& (#e !& e'5$&2er #! e'5$&2ee re$#"i&!s(i5 )i"("(e #8e!%ies "(e2 sere.

+E%e5" &r "(e 'e'ers & "(e =-i%i#r2 #! %&!s"i"-"i&!#$ %&''issi&!s )(& s(#$$ (#e $iei!s-r#!%e &!$2, #$$ 'e'ers & "(e GSIS s(#$$ (#e $ie i!s-r#!%e, re"ire'e!", #! #$$ &"(er s&%i#$se%-ri"2 5r&"e%"i&!s s-%( #s is#i$i"2, s-ri&rs(i5, se5#r#"i&!, #! -!e'5$&2'e!" e!ei"s.

+SEC. 4. Ee%" & Se5#r#"i&! r&' "(e Seri%e. A 'e'er se5#r#"e r&' "(e seri%e s(#$$%&!"i!-e "& e # 'e'er, #! s(#$$ e e!"i"$e "& )(#"eer e!ei"s (e (#s >-#$iie "& i! "(e ee!"& #!2 %&!"i!8e!%2 %&'5e!s#$e -!er "(is A%".

B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e

+C. SOURCES OF FUNDS

+SEC. @. C&!"ri-"i&!s. 9#: I" s(#$$ e '#!#"&r2 &r "(e 'e'er #! e'5$&2er "& 5#2 "(e '&!"($2%&!"ri-"i&!s s5e%iie i! "(e &$$&)i!8 s%(e-$e3













7/28/2019 RA 8291 The GSIS Act of 1997


+M&!"($2 C&'5e!s#"i&! Per%e!"#8e & M&!"($2 C&'5e!s#"i&!

P#2#$e 2 Me'er E'5$&2er

I. M#i'-' Aer#8e

M&!"($2 C&'5e!s#"i&!

9AMC: Li'i" #! Be$&) /. 17.

II. Oer "(e M#i'-'

AMC Li'i"

U5 "& "(e M#i'-'

AMC Li'i" /. 17.

I! E%ess & "(e

AMC Li'i" 7. 17.

+Me'ers & "(e =-i%i#r2 #! %&!s"i"-"i&!#$ %&''issi&!ers s(#$$ 5#2 "(ree 5er%e!" 9: & "(eir'&!"($2 %&'5e!s#"i&! #s 5ers&!#$ s(#re #! "(eir e'5$&2ers # %&rres5&!i!8 "(ree 5er%e!" 9:s(#re &r "(eir $ie i!s-r#!%e %&er#8e.

+9: T(e e'5$&2er s(#$$ i!%$-e i! i"s #!!-#$ #55r&5ri#"i&! "(e !e%ess#r2 #'&-!"s &r i"s s(#re &"(e %&!"ri-"i&!s i!i%#"e #&e, 5$-s #!2 #i"i&!#$ 5re'i-'s "(#" '#2 e re>-ire &! #%%&-!" & "(e (##rs &r ris*s & i"s e'5$&2ees &%%-5#"i&!.

+9%: I" s(#$$ e '#!#"&r2 #! %&'5-$s&r2 &r #$$ e'5$&2ers "& i!%$-e "(e 5#2'e!" & %&!"ri-"i&!s

i! "(eir #!!-#$ #55r&5ri#"i&!s. Pe!#$ s#!%"i&!s s(#$$ e i'5&se -5&! e'5$&2ers )(& #i$ "&i!%$-e "(e 5#2'e!" & %&!"ri-"i&!s i! "(eir #!!-#$ #55r&5ri#"i&!s &r &"(er)ise #i$ "& re'i" "(e#%%-r#"e?e#%" #'&-!" & %&!"ri-"i&!s &! "i'e, &r e$#2 "(e re'i""#!%e & 5re'i-' %&!"ri-"i&!s "&"(e GSIS. T(e (e#s & &i%es #! #8e!%ies s(#$$ e #'i!is"r#"ie$2 $i#$e &r !&!re'i""#!%e &re$#2e re'i""#!%e & 5re'i-' %&!"ri-"i&!s "& "(e GSIS.

+SEC. 6. C&$$e%"i&! #! Re'i""#!%e & C&!"ri-"i&!s. 9#: T(e e'5$&2er s(#$$ re5&r" "& "(e GSIS"(e !#'es & #$$ i"s e'5$&2ees, "(eir %&rres5&!i!8 e'5$&2'e!" s"#"-s, 5&si"i&!s, s#$#ries #!s-%( &"(er 5er"i!e!" i!&r'#"i&!, i!%$-i!8 s-se>-e!" %(#!8es "(erei!, i #!2, #s '#2 e re>-ire2 "(e GSIS< "(e e'5$&2er s(#$$ e-%" e#%( '&!"( r&' "(e '&!"($2 s#$#r2 &r %&'5e!s#"i&! &e#%( e'5$&2ee "(e %&!"ri-"i&! 5#2#$e 2 (i' i! #%%&r#!%e )i"( "(e s%(e-$e 5res%rie i! "(er-$es #! re8-$#"i&!s i'5$e'e!"i!8 "(is A%".

+9: E#%( e'5$&2er s(#$$ re'i" ire%"$2 "& "(e GSIS "(e e'5$&2ees #! e'5$&2ers %&!"ri-"i&!s)i"(i! "(e irs" "e! 91: #2s & "(e %#$e!#r '&!"( &$$&)i!8 "(e '&!"( "& )(i%( "(e %&!"ri-"i&!s#55$2. T(e re'i""#!%e 2 "(e e'5$&2er & "(e %&!"ri-"i&! "& "(e GSIS s(#$$ "#*e 5ri&ri"2 &er #!#&e "(e 5#2'e!" & #!2 #! #$$ &$i8#"i&!s, e%e5" s#$#ries #! )#8es & i"s e'5$&2ees.

7/28/2019 RA 8291 The GSIS Act of 1997


+SEC. 0. I!"eres" &! De$#2e Re'i""#!%es. A8e!%ies )(i%( e$#2 "(e re'i""#!%e & #!2 #! #$$'&!ies -e "(e GSIS s(#$$ e %(#r8e i!"eres"s #s '#2 e 5res%rie 2 "(e B&#r -" !&" $ess"(#! ")& 5er%e!" 97: si'5$e i!"eres" 5er '&!"(. S-%( i!"eres" s(#$$ e 5#i 2 "(e e'5$&2ers%&!%er!e.

+SEC. ;. G&er!'e!" G-#r#!"ee. T(e 8&er!'e!" & "(e Re5-$i% & "(e P(i$i55i!es (ere28-#r#!"ees "(e -$i$$'e!" & "(e &$i8#"i&!s & "(e GSIS "& i"s 'e'ers #s #! )(e! "(e2 #$$ -e.

B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e

+D. BENEFITS

+SEC. /. C&'5-"#"i&! & "(e B#si% M&!"($2 Pe!si&!. 9#: T(e #si% '&!"($2 5e!si&! is e>-#$ "&3

+1: "(ir"2see! #! &!e(#$ 5er%e!" 90.@: & "(e re#$-e #er#8e '&!"($2 %&'5e!s#"i&!< 5$-s

+7: ")& #! &!e(#$ 5er%e!" 97.@: & s#i re#$-e #er#8e '&!"($2 %&'5e!s#"i&! &r e#%( 2e#r& seri%e i! e%ess & 91@: 2e#rs3 Pr&ie, T(#" "(e #si% '&!"($2 5e!si&! s(#$$ !&" e%ee!i!e"2 5er%e!" 9/: & "(e #er#8e '&!"($2 %&'5e!s#"i&!.

+9: T(e #si% '&!"($2 5e!si&! '#2 e #=-s"e -5&! "(e re%&''e!#"i&! & "(e Presie!" #!Ge!er#$ M#!#8er & "(e GSIS #! #55r&e 2 "(e Presie!" & "(e P(i$i55i!es i! #%%&r#!%e )i"("(e r-$es #! re8-$#"i&!s 5res%rie 2 "(e GSIS3 Pr&ie, (&)eer , "(#" "(e #si% '&!"($25e!si&! s(#$$ !&" e $ess "(#! O!e "(&-s#! #! "(ree (-!re 5es&s 9P1,.:3 Pr&ie,-r"(er, "(#" "(e #si% '&!"($2 5e!si&! &r "(&se )(& (#e re!ere #" $e#s" ")e!"2 97: 2e#rs &seri%e #"er "(e ee%"ii"2 & "(is A%" s(#$$ !&" e $ess "(#! T)& "(&-s#! &-r (-!re 5es&s9P7,4.: # '&!"(.

+SEC. 1. C&'5-"#"i&! & Seri%e. 9#: T(e %&'5-"#"i&! & seri%e &r "(e 5-r5&se & e"er'i!i!8"(e #'&-!" & e!ei"s 5#2#$e -!er "(is A%" s(#$$ e r&' "(e #"e & &ri8i!#$#55&i!"'e!"?e$e%"i&!, i!%$-i!8 5eri&s & seri%e #" iere!" "i'es -!er &!e &r '&re e'5$&2ers,"(&se 5er&r'e &erse#s -!er "(e #-"(&ri"2 & "(e Re5-$i% & "(e P(i$i55i!es, #! "(&se "(#"'#2 e 5res%rie 2 "(e GSIS i! %&&ri!#"i&! )i"( "(e Cii$ Seri%e C&''issi&!.

+9: A$$ seri%e %rei"e &r re"ire'e!", resi8!#"i&! &r se5#r#"i&! &r )(i%( %&rres5&!i!8 e!ei"s(#e ee! #)#re -!er "(is A%" &r &"(er $#)s s(#$$ e e%$-e i! "(e %&'5-"#"i&! & seri%e i!%#se & rei!s"#"e'e!" i! "(e seri%e & #! e'5$&2er #! s-se>-e!" re"ire'e!" &r se5#r#"i&! )(i%(is %&'5e!s#$e -!er "(is A%".

+F&r "(e 5-r5&se & "(is se%"i&!, "(e "er' seri%e s(#$$ i!%$-e -$$"i'e seri%e )i"( %&'5e!s#"i&!3Pr&ie, "(#" 5#r""i'e #! &"(er seri%es )i"( %&'5e!s#"i&! '#2 e i!%$-e -!er s-%( r-$es#! re8-$#"i&!s #s '#2 e 5res%rie 2 "(e GSIS.

B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e













7/28/2019 RA 8291 The GSIS Act of 1997


+SEP R T ION BENEFITS

+SEC. 11. Se5#r#"i&! Be!ei"s. T(e se5#r#"i&! e!ei"s s(#$$ %&!sis" &3 9#: # %#s( 5#2'e!"e>-i#$e!" "& &!e (-!re 5er%e!" 91: & (is #er#8e '&!"($2 %&'5e!s#"i&! &r e#%( 2e#r &seri%e (e 5#i %&!"ri-"i&!s, -" !&" $ess "(#! T)e$e "(&-s#! 5es&s 9P17,: 5#2#$e -5&!

re#%(i!8 si"2 96: 2e#rs & #8e -5&! se5#r#"i&!, )(i%(eer %&'es $#"er3 Pr&ie, "(#" "(e'e'er resi8!s &r se5#r#"es r&' "(e seri%e #"er (e (#s re!ere #" $e#s" "(ree 9: 2e#rs &seri%e -" $ess "(#! i"ee! 91@: 2e#rs< &r

+9: # %#s( 5#2'e!" e>-i#$e!" "& ei8("ee! 91;: "i'es (is #si% '&!"($2 5e!si&! #" "(e "i'e &resi8!#"i&! &r se5#r#"i&!, 5$-s #! &$#8e 5e!si&! e!ei" e>-#$ "& "(e #si% '&!"($2 5e!si&!5#2#$e '&!"($2 &r $ie -5&! re#%(i!8 "(e #8e & si"2 96:3 Pr&ie, "(#" "(e 'e'er resi8!s &rse5#r#"es r&' "(e seri%e #"er (e (#s re!ere #" $e#s" i"ee! 91@: 2e#rs & seri%e #! is e$&)si"2 96: 2e#rs & #8e #" "(e "i'e & resi8!#"i&! &r se5#r#"i&!.

+SEC. 17. U!e'5$&2'e!" &r I!&$-!"#r2 Se5#r#"i&! Be!ei"s. U!e'5$&2'e!" e!ei"s i! "(e &r'

& '&!"($2 %#s( 5#2'e!"s e>-i#$e!" "& i"2 5er%e!" 9@: & "(e #er#8e '&!"($2 %&'5e!s#"i&!s(#$$ e 5#i "& # 5er'#!e!" e'5$&2ee )(& is i!&$-!"#ri$2 se5#r#"e r&' "(e seri%e -e "& "(e#&$i"i&! & (is &i%e &r 5&si"i&! -s-#$$2 res-$"i!8 r&' re&r8#!i#"i&!3 Pr&ie, T(#" (e (#s ee!5#2i!8 i!"e8r#"e %&!"ri-"i&!s &r #" $e#s" &!e 91: 2e#r 5ri&r "& se5#r#"i&!. U!e'5$&2'e!" e!ei"ss(#$$ e 5#i i! #%%&r#!%e )i"( "(e &$$&)i!8 s%(e-$es3

+C&!"ri-"i&!s M#e Be!ei" D-r#"i&!

1 2e#r -" $ess "(#! 2e#rs 7 '&!"(s

&r '&re 2e#rs -" $ess "(#! 6 2e#rs '&!"(s

6 &r '&re 2e#rs -" $ess "(#! / 2e#rs 4 '&!"(s

/ &r '&re 2e#rs -" $ess "(#! 11 2e#rs @ '&!"(s

11 &r '&re 2e#rs -" $ess "(#! 1@ 2e#rs 6 '&!"(s

+T(e irs" 5#2'e!" s(#$$ e e>-i#$e!" "& ")& 97: '&!"($2 e!ei"s. A see!#2 90: )#i"i!8 5eri&s(#$$ e i'5&se &! s-%%eei!8 '&!"($2 5#2'e!"s.

+A$$ #%%-'-$#"e -!e'5$&2'e!" e!ei"s 5#i "& "(e e'5$&2ee -ri!8 (is e!"ire 'e'ers(i5 )i"("(e GSIS s(#$$ e e-%"e r&' &$-!"#r2 se5#r#"i&! e!ei"s.

+T(e GSIS s(#$$ 5res%rie "(e e"#i$e 8-ie$i!es i! "(e &5er#"i&!#$i#"i&! & "(is se%"i&! i! "(er-$es #! re8-$#"i&!s i'5$e'e!"i!8 "(is A%".

B#%* "& T&5 B#%* "& H&'e

B#%* "& L#&r I!e

+RETIREMENT BENEFITS

+SEC. 1. Re"ire'e!" Be!ei"s. 9#: Re"ire'e!" e!ei"s s(#$$ e3







7/28/2019 RA 8291 The GSIS Act of 1997


+91: "(e $-'5 s-' 5#2'e!" #s ei!e i! "(is A%" 5#2#$e #" "(e "i'e & re"ire'e!" 5$-s #! &$#8e5e!si&! e!ei" e>-#$ "& "(e #si% '&!"($2 5e!si&! 5#2#$e '&!"($2 &r $ie, s"#r"i!8 -5&!e5ir#"i&! & "(e ie2e#r 9@: 8-#r#!"ee 5eri& %&ere 2 "(e $-'5 s-'< &r

+97: %#s( 5#2'e!" e>-i#$e!" "& ei8("ee! 91;: '&!"(s & (is #si% '&!"($2 5e!si&! 5$-s '&!"($2

5e!si&! &r $ie 5#2#$e i''ei#"e$2 )i"( !& ie2e#r 9@: 8-#r#!"ee.

+9: U!$ess "(e seri%e is e"e!e 2 #55r&5ri#"e #-"(&ri"ies, re"ire'e!" s(#$$ e %&'5-$s&r2 &r#! e'5$&2ee & si"2ie 96@: 2e#rs & #8e )i"( #" $e#s" i"ee! 91@: 2e#rs & seri%e3 Pr&ie, T(#"i (e (#s $ess "(#! i"ee! 91@: 2e#rs & seri%e, (e '#2 e #$$&)e "& %&!"i!-e i! "(e seri%e i!#%%&r#!%e )i"( eis"i!8 %ii$ seri%e r-$es #! re8-$#"i&!s.

+SEC. 1A. C&!i"i&!s &r E!"i"$e'e!". A 'e'er )(& re"ires r&' "(e seri%e s(#$$ e e!"i"$e "&"(e re"ire'e!" e!ei"s e!-'er#"e i! 5#r#8r#5( 9#: & Se%"i&! 1 (ere&3 Pr&ie, T(#"3

91: (e (#s re!ere #" $e#s" i"ee! 2e#rs & seri%e<

97: (e is #" $e#s" si"2 96: 2e#rs & #8e #" "(e "i'e & re"ire'e!"< #!

9: (e is !&" re%eii!8 # '&!"($2 5e!si&! e!ei" r&' 5er'#!e!" "&"#$ is#i$i"2.

+SEC. 14. Peri&i% Pe!si&! A=-s"'e!". T(e '&!"($2 5e!si&! & #$$ 5e!si&!ers i!%$-i!8 #$$ "(&sere%eii!8 s-ri&rs(i5 5e!si&! e!ei"s s(#$$ e 5eri&i%#$$2 #=-s"e #s '#2 e re%&''e!e 2"(e GSIS #%"-#r2 #! #55r&e 2 "(e B&#r i! #%%&r#!%e )i"( "(e r-$es #! re8-$#"i&!s5res%rie 2 "(e GSIS.

B#%* "& T&5 B#%* "& H&'e

B#%* "& L#&r I!e

+PERM NENT DIS B IL ITY BENEFITS

+SEC. 1@. Ge!er#$ C&!i"i&!s &r E!"i"$e'e!". A 'e'er )(& s-ers 5er'#!e!" is#i$i"2 &rre#s&!s !&" -e "& (is 8r#e 'is%&!-%", !&"&ri&-s !e8$i8e!%e, (#i"-#$ i!"&i%#"i&!, &r )i$$-$i!"e!"i&! "& *i$$ (i'se$ &r #!&"(er, s(#$$ e e!"i"$e "& "(e e!ei"s 5r&ie &r -!er Se%"i&!s 16#! 10 i''ei#"e$2 &$$&)i!8, s-=e%" "& "(e %&rres5&!i!8 %&!i"i&!s "(ere&.

+SEC. 16. Per'#!e!" T&"#$ Dis#i$i"2 Be!ei"s. 9#: I "(e 5er'#!e!" is#i$i"2 is "&"#$, (e s(#$$re%eie # '&!"($2 i!%&'e e!ei" &r $ie e>-#$ "& "(e #si% '&!"($2 5e!si&! ee%"ie r&' "(e #"e& is#i$i"23 Pr&ie, T(#"3

91: (e is i! "(e seri%e #" "(e "i'e & is#i$i"2< &r

97: i se5#r#"e r&' "(e seri%e, (e (#s 5#i #" $e#s" "(ir"2si 96: '&!"($2 %&!"ri-"i&!s )i"(i! "(eie 9@: 2e#r 5eri& i''ei#"e$2 5re%ei!8 is#i$i"2, &r (#s 5#i # "&"#$ & #" $e#s" &!e (-!reei8("2 91;: '&!"($2 %&!"ri-"i&!s, 5ri&r "& (is is#i$i"23 Pr&ie, -r"(er, T(#" i #" "(e "i'e &is#i$i"2, (e )#s i! "(e seri%e #! (#s 5#i # "&"#$ & #" $e#s" &!e (-!re ei8("2 91;: '&!"($2%&!"ri-"i&!s, i! #i"i&! "& "(e '&!"($2 i!%&'e e!ei", (e s(#$$ re%eie # %#s( 5#2'e!" e>-i#$e!"







7/28/2019 RA 8291 The GSIS Act of 1997


"& ei8("ee! 91;: "i'es (is #si% '&!"($2 5e!si&!3 Pr&ie, i!#$$2, T(#" # 'e'er %#!!&" e!=&2"(e '&!"($2 i!%&'e e!ei" &r 5er'#!e!" is#i$i"2 #! "(e &$#8e re"ire'e!" si'-$"#!e&-s$2.

+9: I # 'e'er )(& s-ers 5er'#!e!" "&"#$ is#i$i"2 &es !&" s#"is2 %&!i"i&!s 91: #! 97: i!5#r#8r#5( 9#: & "(is se%"i&! -" (#s re!ere #" $e#s" "(ree 9: 2e#rs & seri%e #" "(e "i'e & (is

is#i$i"2, (e s(#$$ e ##!%e "(e %#s( 5#2'e!" e>-i#$e!" "& &!e (-!re 5er%e!" 91: & (is#er#8e '&!"($2 %&'5e!s#"i&! &r e#%( 2e#r & seri%e (e 5#i %&!"ri-"i&!s, -" !&" $ess "(#!T)e$e "(&-s#! 5es&s 9P17,.: )(i%( s(&-$ (#e ee! (is se5#r#"i&! e!ei".

+9%: U!$ess "(e 'e'er (#s re#%(e "(e 'i!i'-' re"ire'e!" #8e, is#i$i"2 e!ei" s(#$$ es-s5e!e )(e!3

+91: (e is ree'5$&2e< &r +97: (e re%&ers r&' (is is#i$i"2 #s e"er'i!e 2 "(e GSIS, )(&se e%isi&! s(#$$ ei!#$ #! i!i!8< &r +9: (e #i$s "& 5rese!" (i'se$ &r 'ei%#$ e#'i!#"i&! )(e! re>-ire 2 "(e GSIS.

+9: T(e &$$&)i!8 is#i$i"ies s(#$$ e ee'e "&"#$ #! 5er'#!e!"3

+91: %&'5$e"e $&ss & si8(" & &"( e2es< +97: $&ss & ")& 97: $i's #" &r #&e "(e #!*$e &r )ris"< +9: 5er'#!e!" %&'5$e"e 5#r#$2sis & ")& 97: $i's< +94: r#i! i!=-r2 res-$"i!8 i! i!%-r#$e i'e%i$i"2 &r i!s#!i"2< #!

+9@: s-%( &"(er %#ses #s '#2 e e"er'i!e 2 "(e GSIS.+SEC. 10. Per'#!e!" P#r"i#$ Dis#i$i"2 Be!ei"s. 9#: I "(e is#i$i"2 is 5#r"i#$, (e s(#$$ re%eie #%#s( 5#2'e!" i! #%%&r#!%e )i"( # s%(e-$e & is#i$i"ies "& e 5res%rie 2 "(e GSIS3Pr&ie, T(#" (e s#"isies ei"(er %&!i"i&!s 91: &r 97: & Se%"i&! 16 9#:<

+9: T(e &$$&)i!8 is#i$i"ies s(#$$ e ee'e 5er'#!e!" 5#r"i#$3

+91: %&'5$e"e #! 5er'#!e!" $&ss & "(e -se &3 9i: #!2 i!8er 9ii: #!2 "&e

9iii: &!e #r'

9i: &!e (#!

9: &!e &&" 9i: &!e $e8

9ii: &!e &r &"( e#rs

9iii: (e#ri!8 & &!e &r &"( e#rs

9i: si8(" & &"( e2es

+97: s-%( &"(er %#ses #s '2 e e"er'i!e 2 "(e GSIS.B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e

+TEMPOR RY DIS B IL ITY BENEFITS

+SEC. 1;. Te'5&r#r2 T&"#$ Dis#i$i"2 Be!ei"s. 9#: A 'e'er )(& s-ers "e'5&r#r2 "&"#$ is#i$i"2&r re#s&!s !&" -e "& #!2 & "(e %&!i"i&!s e!-'er#"e i! Se%"i&! 1@ (ere& s(#$$ e e!"i"$e "&







7/28/2019 RA 8291 The GSIS Act of 1997


see!"2ie 5er%e!" 90@: & (is %-rre!" #i$2 %&'5e!s#"i&! &r e#%( #2 &r r#%"i&! "(ere& &"e'5&r#r2 is#i$i"2 e!ei" !&" e%eei!8 &!e (-!re ")e!"2 917: #2s i! &!e %#$e!#r 2e#r#"er e(#-s"i!8 #$$ (is si%* $e#e %rei"s #! %&$$e%"ie #r8#i!i!8 #8ree'e!" si%* $e#e e!ei"s, i #!2, -" !&" e#r$ier "(#! "(e &-r"( #2 & (is "e'5&r#r2 "&"#$ is#i$i"23 Pr&ie, T(#"3

+91: (e is i! "(e seri%e #" "(e "i'e & (is is#i$i"2< &r

+97: i se5#r#"e, (e (#s re!ere #" $e#s" "(ree 9: 2e#rs & seri%e #! (#s 5#i #" $e#s"si 96: '&!"($2 %&!"ri-"i&!s i! "(e ")e$e'&!"( 5eri& i''ei#"e$2 5re%ei!8 (isis#i$i"2.

+Pr&ie, (&)eer, T(#" # 'e'er %#!!&" e!=&2 "(e "e'5&r#r2 "&"#$ is#i$i"2 e!ei" #! si%*$e#e 5#2 si'-$"#!e&-s$23 Pr&ie, -r"(er, T(#" i "(e is#i$i"2 re>-ires '&re e"e!sie "re#"'e!""(#" $#s"s e2&! &!e (-!re ")e!"2 917: #2s, "(e 5#2'e!" & "(e "e'5&r#r2 "&"#$ is#i$i"2e!ei" '#2 e e"e!e 2 "(e GSIS -" !&" "& e%ee # "&"#$ & ")& (-!re &r"2 974: #2s.

+9: T(e "e'5&r#r2 "&"#$ is#i$i"2 e!ei" s(#$$ i! !& %#se e $ess "(#! See!"2 5es&s 9P0.: ##2.

+9%: T(e !&"i%es re>-ire & "(e 'e'er #! "(e e'5$&2er, "(e '&e & 5#2'e!", #! "(e &"(erre>-ire'e!"s &r e!"i"$e'e!" "& "e'5&r#r2 "&"#$ is#i$i"2 e!ei"s s(#$$ e 5r&ie i! "(e r-$es #!re8-$#"i&!s "& e 5res%rie 2 "(e GSIS.

+SEC. 1/. N&!s%(e-$e Dis#i$i"2. F&r i!=-ries &r i$$!esses res-$"i!8 i! # is#i$i"2 !&" $is"e i!"(e s%(e-$e & 5#r"i#$?"&"#$ is#i$i"2 5r&ie (erei!, "(e GSIS s(#$$ e"er'i!e "(e !#"-re & "(eis#i$i"2 #! "(e %&rres5&!i!8 e!ei"s "(ere&r.

B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e

+SURVIVORSHIP BENEFITS

+SEC. 7. S-ri&rs(i5 Be!ei"s. (e! # 'e'er &r 5e!si&!er ies, "(e e!ei%i#ries s(#$$ ee!"i"$e "& s-ri&rs(i5 e!ei"s 5r&ie i! Se%"i&!s 71 #! 77 (ere-!er s-=e%" "& "(e %&!i"i&!s"(erei! 5r&ie &r. T(e s-ri&rs(i5 5e!si&! s(#$$ %&!sis" &3

91: "(e #si% s-ri&rs(i5 5e!si&! )(i%( is i"2 5er%e!" 9@: & "(e #si% '&!"($25e!si&!< #!

97: "(e e5e!e!" %(i$re!s 5e!si&! !&" e%eei!8 i"2 5er%e!" 9@: & "(e #si% '&!"($25e!si&!.

+SEC. 71. De#"( & # Me'er. 9#: U5&! "(e e#"( & # 'e'er, "(e 5ri'#r2 e!ei%i#ries s(#$$ ee!"i"$e "&3

91: s-ri&rs(i5 5e!si&!3 Pr&ie, T(#" "(e e%e#se3 9i: )#s i! "(e seri%e #" "(e "i'e & (is e#"(< &r

9ii: i se5#r#"e r&' "(e seri%e, (#s #" $e#s" "(ree 9: 2e#rs & seri%e #" "(e "i'e& (is e#"( #! (#s 5#i "(ir"2si 96: '&!"($2 %&!"ri-"i&!s )i"(i! "(e ie2e#r







7/28/2019 RA 8291 The GSIS Act of 1997


5eri& i''ei#"e$2 5re%ei!8 (is e#"(< &r (#s 5#i # "&"#$ & #" $e#s" &!e (-!reei8("2 91;: '&!"($2 %&!"ri-"i&!s 5ri&r "& (is e#"(< &r

97: "(e s-ri&rs(i5 5e!si&! 5$-s # %#s( 5#2'e!" e>-i#$e!" "& &!e (-!re 5er%e!"91: & (is #er#8e '&!"($2 %&'5e!s#"i&! &r eer2 2e#r & seri%e3 Pr&ie, T(#" "(e

e%e#se )#s i! "(e seri%e #" "(e "i'e & (is e#"( )i"( #" $e#s" "(ree 9: 2e#rs & seri%e<&r 9: # %#s( 5#2'e!" e>-i#$e!" "& &!e (-!re 5er%e!" 91: & (is #er#8e '&!"($2%&'5e!s#"i&! &r e#%( 2e#r & seri%e (e 5#i %&!"ri-"i&!s, -" !&" $ess "(#! T)e$e"(&-s#! 5es&s 9P17,.:3 Pr&ie, T(#" "(e e%e#se (#s re!ere #" $e#s" "(ree 9:2e#rs & seri%e 5ri&r "& (is e#"( -" &es !&" >-#$i2 &r "(e e!ei"s -!er i"e' 91: &r 97:& "(is 5#r#8r#5(.

9: T(e s-ri&rs(i5 5e!si&! s(#$$ e 5#i #s &$$&)s3 91: )(e! "(e e5e!e!" s5&-se is "(e &!$2 s-ri&r, (e?s(e s(#$$ re%eie "(e #si%s-ri&rs(i5 5e!si&! &r $ie &r -!"i$ (e?s(e re'#rries< 97: )(e! &!$2 e5e!e!" %(i$re! #re "(e s-ri&rs, "(e2 s(#$$ e e!"i"$e "& "(e #si%

s-ri&rs(i5 5e!si&! &r #s $&!8 #s "(e2 #re >-#$iie, 5$-s "(e e5e!e!" %(i$re!s5e!si&! e>-i#$e!" "& "e! 5er%e!" 91: & "(e #si% '&!"($2 5e!si&! &r eer2 e5e!e!"%(i$ !&" e%eei!8 ie 9@:, %&-!"e r&' "(e 2&-!8es" #! )i"(&-" s-s"i"-"i&!< 9: )(e! "(e s-ri&rs #re "(e e5e!e!" s5&-se #! "(e e5e!e!" %(i$re!, "(ee5e!e!" s5&-se s(#$$ re%eie "(e #si% s-ri&rs(i5 5e!si&! &r $ie &r -!"i$ (e?s(ere'#rries, #! "(e e5e!e!" %(i$re! s(#$$ re%eie "(e e5e!e!" %(i$re!s 5e!si&!'e!"i&!e i! "(e i''ei#"e$2 5re%ei!8 5#r#8r#5( 97: (ere&.

9%: I! "(e #se!%e & 5ri'#r2 e!ei%i#ries, "(e se%&!#r2 e!ei%i#ries s(#$$ e e!"i"$e "&3 91: "(e %#s( 5#2'e!" e>-i#$e!" "& &!e (-!re 5er%e!" 91: & (is #er#8e '&!"($2%&'5e!s#"i&! &r e#%( 2e#r & seri%e (e 5#i %&!"ri-"i&!s, -" !&" $ess "(#! T)e$e"(&-s#! 5es&s 9P17,.:3 Pr&ie, T(#" "(e 'e'er is i! "(e seri%e #" "(e "i'e &(is e#"( #! (#s #" $e#s" "(ree 9: 2e#rs & seri%e< &r 97: i! "(e #se!%e & se%&!#r2 e!ei%i#ries, "(e e!ei"s -!er "(is 5#r#8r#5( s(#$$ e5#i "& (is $e8#$ (eirs.

9: F&r 5-r5&ses & "(e s-ri&rs(i5 e!ei"s, $e8i"i'#"e %(i$re! s(#$$ i!%$-e $e8#$$2 #&5"e #!$e8i"i'#"e %(i$re!.

+SEC. 77. De#"( & # Pe!si&!er. U5&! "(e e#"( & #! &$#8e 5e!si&!er &r # 'e'er re%eii!8"(e '&!"($2 i!%&'e e!ei" &r 5er'#!e!" is#i$i"2, "(e >-#$iie e!ei%i#ries s(#$$ e e!"i"$e "&"(e s-ri&rs(i5 5e!si&! ei!e i! Se%"i&! 7 & "(is A%", s-=e%" "& "(e 5r&isi&!s & 5#r#8r#5( 9:& Se%"i&! 71 (ere&. (e! "(e 5e!si&!er ies )i"(i! "(e 5eri& %&ere 2 "(e $-'5 s-', "(es-ri&rs(i5 5e!si&! s(#$$ e 5#i &!$2 #"er "(e e5ir#"i&! & "(e s#i 5eri&.

B#%* "& T&5 B#%* "& H&'e

B#%* "& L#&r I!e

+FUNER L BENEFITS

+SEC. 7. F-!er#$ Be!ei"s. T(e #'&-!" & "(e -!er#$ e!ei"s s(#$$ e e"er'i!e #! s5e%iie2 "(e GSIS i! "(e r-$es #! re8-$#"i&!s -" s(#$$ !&" e $ess "(#! T)e$e "(&-s#! 5es&s







7/28/2019 RA 8291 The GSIS Act of 1997


9P17,.:3 Pr&ie, T(#" i" s(#$$ e i!%re#se "& #" $e#s" Ei8("ee! "(&-s#! 5es&s9P1;,.: #"er ie 9@: 2e#rs #! s(#$$ e 5#i -5&! "(e e#"( &3

9#: #! #%"ie 'e'er #s ei!e -!er Se%"i&! 7 9e: & "(is A%"< &r 9: # 'e'er )(& (#s ee! se5#r#"e r&' "(e seri%e, -" )(& '#2 e e!"i"$e "& -"-re

e!ei" 5-rs-#!" "& Se%"i&! 4 & "(is A%"< &r

9%: # 5e!si&!er, #s ei!e i! Se%"i&! 7 9&: & "(is A%"< &r 9: # re"iree )(& #" "(e "i'e & (is re"ire'e!" )#s & 5e!si&!#$e #8e -!er "(is A%" -")(& &5"e "& re"ire -!er Re5-$i% A%" N&. 1616.

B#%* "& T&5

B#%* "& H&'e B#%* "& L#&r I!e

+L IFE INSUR NCE BENEFITS

+SEC. 74. C&'5-$s&r2 Lie I!s-r#!%e. A$$ e'5$&2ees e%e5" &r Me'ers & "(e Ar'e F&r%es &"(e P(i$i55i!es 9AFP: #! "(e P(i$i55i!e N#"i&!#$ P&$i%e 9PNP: s(#$$, -!er s-%( "er's #!%&!i"i&!s #s '#2 e 5r&'-$8#"e 2 "(e GSIS, e %&'5-$s&ri$2 %&ere )i"( $ie i!s-r#!%e, )(i%(s(#$$ #-"&'#"i%#$$2 "#*e ee%" #s &$$&)s3

91: &r "(&se e'5$&2e #"er "(e ee%"ii"2 & "(is A%", "(eir i!s-r#!%e s(#$$ "#*e ee%" &!"(e #"e & "(eir e'5$&2'e!"< 97: &r "(&se )(&se i!s-r#!%e )i$$ '#"-re #"er "(e ee%"ii"2 & "(is A%", "(eir i!s-r#!%es(#$$ e ee'e re!e)e &! "(e #2 &$$&)i!8 "(e '#"-ri"2 &r e5ir2 #"e & "(eiri!s-r#!%e< 9: &r "(&se )i"(&-" #!2 $ie i!s-r#!%e #s & "(e ee%"ii"2 & "(is A%", "(eir i!s-r#!%e s(#$$"#*e ee%" &$$&)i!8 s#i ee%"ii"2.

+SEC. 7@. Diie!s. A! #!!-#$ iie! '#2 e 8r#!"e "& #$$ 'e'ers & "(e GSIS )(&se $iei!s-r#!%e is i! &r%e &r #" $e#s" &!e 91: 2e#r i! #%%&r#!%e )i"( # iie!s #$$&%#"i&! &r'-$# "&e e"er'i!e 2 "(e GSIS.

+SEC. 76. O5"i&!#$ I!s-r#!%e. S-=e%" "& "(e r-$es #! re8-$#"i&!s 5res%rie 2 "(e GSIS, #'e'er '#2 #55$2 &r i!s-r#!%e #!?&r 5re!ee %&er#8e e'r#%i!8 $ie, (e#$"(, (&s5i"#$i#"i&!,e-%#"i&!, 'e'&ri#$ 5$#!s, #! s-%( &"(er 5$#!s #s '#2 e esi8!e 2 "(e GSIS, &r (i'se$#!?&r (is e5e!e!"s. A!2 e'5$&2er '#2 $i*e)ise #55$2 &r 8r&-5 i!s-r#!%e %&er#8e &r i"se'5$&2ees. T(e 5#2'e!" & "(e 5re'i-'s?i!s"#$$'e!"s &r &5"i&!#$ i!s-r#!%e #! 5re!ee5r&-%"s '#2 e '#e 2 "(e i!s-re &r (is e'5$&2er #!?&r #!2 5ers&! #%%e5"#$e "& "(e GSIS.

+SEC. 70. Rei!s-r#!%e. T(e GSIS '#2 rei!s-re #!2 & i"s i!"eres"s &r 5#r" "(ere& )i"( #!25ri#"e %&'5#!2 &r rei!s-rer )(e"(er &'es"i% & &rei8!3 Pr&ie, T(#" "(e GSIS s(#$$ s-'i" #!#!!-#$ re5&r" &! i"s rei!s-r#!%e &5er#"i&!s "& "(e I!s-r#!%e C&''issi&!.

B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e

+E . DUDIC T ION OF CL IMS ND DISPUTES

+SEC. 7;. Pres%ri5"i&!. C$#i's &r e!ei"s -!er "(is A%" e%e5" &r $ie #! re"ire'e!" s(#$$5res%rie #"er &-r 94: 2e#rs r&' "(e #"e & %&!"i!8e!%2.













7/28/2019 RA 8291 The GSIS Act of 1997


+SEC. 7/. F#%i$i"2 & P#2'e!". T(e GSIS s(#$$ 5res%rie r-$es #! re8-$#"i&!s "& #%i$i"#"e5#2'e!" & e!ei"s, 5r&%ees, #! %$#i's -!er "(is A%" #! #!2 &"(er $#)s #'i!is"ere 2 "(eGSIS. P#2'e!"s '#e 2 "(e GSIS 5ri&r "& i"s re%ei5" & #! #erse %$#i', "& # e!ei%i#r2 &r%$#i'#!" s-se>-e!"$2 &-! !&" e!"i"$e "(ere"&, s(#$$ !&" #r "(e $e8#$ #! e$i8i$e re%i5ie!" "& (isri8(" "& e'#! "(e 5#2'e!" & e!ei"s, 5r&%ees, #! %$#i's r&' "(e GSIS, )(& s(#$$, (&)eer,

(#e # ri8(" "& i!s"i"-"e "(e #55r&5ri#"e #%"i&! i! # %&-r" & $#) #8#i!s" "(e i!e$i8i$e re%i5ie!".

+SEC. . Se""$e'e!" & Dis5-"es. T(e GSIS s(#$$ (#e &ri8i!#$ #! e%$-sie =-risi%"i&! "& se""$e#!2 is5-"es #risi!8 -!er "(is A%" #! #!2 &"(er $#)s #'i!is"ere 2 "(e GSIS.

T(e B&#r '#2 esi8!#"e #!2 'e'er & "(e B&#r, &r &i%i#$ & "(e GSIS )(& is # $#)2er, "& #%"#s (e#ri!8 &i%er "& re%eie eie!%e, '#*e i!i!8s & #%" #! s-'i" re%&''e!#"i&!s,"&8e"(er )i"( #$$ &%-'e!"#r2 #! "es"i'&!i#$ eie!%e "& "(e B&#r )i"(i! "(ir"2 9: )&r*i!8 #2sr&' "(e "i'e "(e 5#r"ies (#e %$&se "(eir res5e%"ie eie!%e #! i$e "(eir $#s" 5$e#i!8. T(eB&#r s(#$$ e%ie "(e %#se )i"(i! "(ir"2 9: #2s r&' "(e re%ei5" & "(e (e#ri!8 &i%ers i!i!8s#! re%&''e!#"i&!s. T(e %#ses (e#r ire%"$2 2 "(e B&#r s(#$$ e e%ie )i"(i! "(ir"2 9:

)&r*i!8 #2s r&' "(e "i'e "(e2 #re s-'i""e 2 "(e 5#r"ies &r e%isi&!.

+SEC. 1. A55e#$s. A55e#$s r&' #!2 e%isi&! &r #)#r & "(e B&#r s(#$$ e 8&er!e 2 R-$es4 #! 4@ & "(e 1//0 R-$es & Cii$ Pr&%e-re #&5"e 2 "(e S-5re'e C&-r" &! A5ri$ ;, 1//0)(i%( )i$$ "#*e ee%" &! -$2 1, 1//03 Pr&ie, T(#" 5e!i!8 %#ses #! "(&se i$e 5ri&r "& -$2 1,1//0 s(#$$ e 8&er!e 2 "(e #55$i%#$e r-$es & 5r&%e-re3 Pr&ie, -r"(er, T(#" "(e #55e#$s(#$$ "#*e 5re%ee!%e &er #$$ &"(er %#ses e%e5" %ri'i!#$ %#ses )(e! "(e 5e!#$"2 & $iei'5ris&!'e!" &r e#"( &r re%$-si&! 5er5e"-# is i'5&s#$e.

T(e #55e#$ s(#$$ !&" s"#2 "(e ee%-"i&! & "(e &rer &r #)#r -!$ess &rere 2 "(e B&#r, 2 "(eC&-r" & A55e#$s &r 2 "(e S-5re'e C&-r" #! "(e #55e#$ s(#$$ e )i"(&-" 5re=-i%e "& "(e s5e%i#$%ii$ #%"i&! & %er"i&r#ri )(e! 5r&5er.

+SEC. 7. E6e%-"i&! & De%isi&!. (e! !& #55e#$ is 5ere%"e #! "(ere is !& &rer "& s"#2 2 "(eB&#r, 2 "(e C&-r" & A55e#$s &r 2 "(e S-5re'e C&-r", #!2 e%isi&! &r #)#r & "(e B&#r s(#$$e e!&r%e #! ee%-"e i! "(e s#'e '#!!er #s e%isi&!s & "(e Re8i&!#$ Tri#$ C&-r". F&r "(is5-r5&se, "(e B&#r s(#$$ (#e "(e 5&)er "& iss-e "& "(e %i"2 &r 5r&i!%i#$ s(eri &r i"s #55&i!"es(eri s-%( )ri"s & ee%-"i&! #s '#2 e !e%ess#r2 &r "(e e!&r%e'e!" & s-%( e%isi&! &r #)#r,#! #!2 5ers&! )(& s(#$$ #i$ &r re-se "& %&'5$2 )i"( s-%( e%isi&!, #)#r, )ri" &r 5r&%ess #"erei!8 re>-ire "& & s& s(#$$, -5&! #55$i%#"i&! 2 "(e GSIS, e 5-!is(e &r %&!"e'5".

+SEC. . O#"(s, i"!esses, #! Pr&-%"i&! & Re%&rs. (e! #-"(&rie 2 "(e B&#r, #!&i%i#$ &r e'5$&2ee & "(e GSIS s(#$$ (#e "(e 5&)er "& #'i!is"er &#"( #! #ir'#"i&!, "#*ee5&si"i&!, %er"i2 "& &i%i#$ #%"s, #! iss-e s-5&e!# # "es"ii%#!-' #! s-5&e!# -%es "e%-' "& %&'5e$ "(e #""e!#!%e & )i"!esses #! "(e 5r&-%"i&! & &&*s, 5#5ers, %&rres5&!e!%es, #!&"(er re%&rs ee'e !e%ess#r2 #s eie!%e i! %&!!e%"i&! )i"( #!2 >-es"i&! #risi!8 -!er "(is A%". A!2 %#se & %&!"-'#%2 s(#$$ e e#$" )i"( i! #%%&r#!%e )i"( "(e 5r&isi&!s & Se%"i&! @; &"(e Reise A'i!is"r#"ie C&e.

B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e







7/28/2019 RA 8291 The GSIS Act of 1997


+F. FUND S OF THE GS IS

+SEC. 4. F-!s. A$$ %&!"ri-"i&!s 5#2#$e -!er Se%"i&! @ & "(is A%" "&8e"(er )i"( "(e e#r!i!8s#! #%%r-#$s "(ere&! s(#$$ %&!s"i"-"e "(e GSIS S&%i#$ I!s-r#!%e F-!. T(e s#i -! s(#$$ e -se"& i!#!%e "(e e!ei"s #'i!is"ere 2 "(e GSIS -!er "(is A%". I! #i"i&!, "(e GSIS s(#$$

#'i!is"er "(e &5"i&!#$ i!s-r#!%e -! &r "(e i!s-r#!%e %&er#8e es%rie i! Se%"i&! 76 (ere&,"(e E'5$&2ees C&'5e!s#"i&! I!s-r#!%e F-! %re#"e -!er P.D. 676, #s #'e!e, Ge!er#$I!s-r#!%e F-! %re#"e -!er A%" N&. 6@6, #s #'e!e, #! s-%( &"(er s5e%i#$ -!s eis"i!8 &r"(#" '#2 e %re#"e &r s5e%i#$ 8r&-5s &r 5ers&!s re!eri!8 seri%es "& "(e 8&er!'e!". T(e GSISs(#$$ '#i!"#i! "(e re>-ire reseres "& 8-#r#!"ee "(e -$i$$'e!" & i"s &$i8#"i&!s -!er "(is A%".

T(e -!s & "(e GSIS s(#$$ !&" e -se &r 5-r5&ses &"(er "(#! )(#" #re 5r&ie &r -!er "(is A%". M&re&er, !& 5&r"i&! & "(e -!s & "(e GSIS &r i!%&'e "(ere& s(#$$ #%%r-e "& "(e Ge!er#$F-! & "(e !#"i&!#$ 8&er!'e!" #! i"s 5&$i"i%#$ s-iisi&!s, i!s"r-'e!"#$i"ies #! &"(er #8e!%iesi!%$-i!8 8&er!'e!"&)!e #! %&!"r&$$e %&r5&r#"i&!s e%e5" #s '#2 e #$$&)e -!er "(is A%".

+SEC. @. De5&si"s #! Dis-rse'e!"s. A$$ ree!-es %&$$e%"e #! #$$ #%%r-#$s "(ere"& s(#$$ ee5&si"e, #'i!is"ere #! is-rse i! #%%&r#!%e )i"( "(e $#). A '#i'-' e5e!se $&#i!8 &")e$e 5er%e!" 917: & "(e 2e#r$2 ree!-es r&' #$$ s&-r%es '#2 e is-rse &r #'i!is"r#"ie#! &5er#"i&!#$ e5e!ses e%e5" #s '#2 e &"(er)ise #55r&e 2 "(e Presie!" & "(eP(i$i55i!es &! "(e #sis & #%"-#ri#$ #! '#!#8e'e!" s"-ies.

+SEC. 6. I!es"'e!" & F-!s. T(e -!s & "(e GSIS )(i%( #re !&" !eee "& 'ee" "(e %-rre!"&$i8#"i&!s '#2 e i!es"e -!er s-%( "er's #! %&!i"i&!s #! r-$es #! re8-$#"i&!s #s '#2 e5res%rie 2 "(e B&#r3 Pr&ie, T(#" i!es"'e!"s s(#$$ s#"is2 "(e re>-ire'e!"s & $i>-ii"2,s#e"2?se%-ri"2 #! 2ie$ i! &rer "& e!s-re "(e #%"-#ri#$ s&$e!%2 & "(e -!s & "(e GSIS3Pr&ie, -r"(er, T(#" "(e GSIS s(#$$ s-'i" #! #!!-#$ re5&r" &! #$$ i!es"'e!"s '#e "& &"(H&-ses & C&!8ress & "(e P(i$i55i!es, "& )i"3

9#: i! i!"eres"e#ri!8 &!s &r se%-ri"ies &r &"(er eie!%e & i!e"e!ess & "(eG&er!'e!" & "(e P(i$i55i!es< 9: i! i!"eres"e#ri!8 e5&si"s &r se%-ri"ies i! #!2 &'es"i% #!* &i!8 -si!ess i! "(eP(i$i55i!es3 Pr&ie, T(#" i! "(e %#se & s-%( e5&si"s, "(ere s(#$$ !&" e%ee #" #!2 "i'e"(e -!i'5#ire %#5i"#$ #! s-r5$-s &r "&"#$ 5ri#"e e5&si"s & "(e e5&si"&r2 #!*,)(i%(eer is s'#$$er3 Pr&ie, -r"(er, T(#" "(e s#i #!* (#s 5ri&r esi8!#"i&! #s #e5&si"&r2 &r "(e 5-r5&se 2 "(e M&!e"#r2 B&#r & "(e Ce!"r#$ M&!e"#r2 A-"(&ri"2<

9%: i! ire%" (&-si!8 $&#!s "& 'e'ers #! 8r&-5 (&-si!8 5r&=e%"s se%-re 2 irs"'&r"8#8e, 8ii!8 5ri&ri"2 "& "(e $&) i!%&'e 8r&-5s #! i! s(&r" #! 'ei-' "er' $&#!s "&'e'ers s-%( #s s#$#r2, 5&$i%2, e-%#"i&!#$, e'er8e!%2 s"&%* 5-r%(#se 5$#! #! &"(ersi'i$#r $&#!s3 Pr&ie, T(#" !& $ess "(#! &r"2 5er%e!" 94: & "(e i!es"i$e -! & "(eGSIS S&%i#$ I!s-r#!%e F-! s(#$$ e i!es"e &r "(ese 5-r5&ses< 9: i! &!s, se%-ri"ies, 5r&'iss&r2 !&"es &r &"(er eie!%e & i!e"e!ess & e-%#"i&!#$&r 'ei%#$ i!s"i"-"i&!s "& i!#!%e "(e %&!s"r-%"i&!, i'5r&e'e!" #! '#i!"e!#!%e &s%(&&$s #! (&s5i"#$s< 9e: i! re#$ es"#"e 5r&5er"2 i!%$-i!8 s(#res & s"&%*s i!&$i!8 re#$ s"#"e 5r&5er"2 #!i!es"'e!"s se%-re 2 irs" '&r"8#8es &! re#$ es"#"e &r &"(er %&$$#"er#$s #%%e5"#$e "& "(eGSIS3 Pr&ie, T(#" s-%( i!es"'e!" s(#$$, i! "(e e"er'i!#"i&! & "(e B&#r, re&-! "&

7/28/2019 RA 8291 The GSIS Act of 1997


"(e e!ei" & "(e GSIS, i"s 'e'ers #s )e$$ #s "(e 8e!er#$ 5-$i%< 9: i! e" i!s"r-'e!"s #! &"(er se%-ri"ies "r#e i! "(e se%&!#r2 '#r*e"s< 98: i! $&#!s "&, &r i! &!s, ee!"-res, 5r&'iss&r2 !&"es &r &"(er eie!%e &i!e"e!ess & #!2 s&$e!" %&r5&r#"i&! %re#"e &r eis"i!8 -!er "(e $#)s & "(eP(i$i55i!es<

9(: i! %&''&! #! 5reerre s"&%*s & #!2 s&$e!" %&r5&r#"i&! &r i!#!%i#$ i!s"i"-"i&!%re#"e &r eis"i!8 -!er "(e $#)s & "(e P(i$i55i!es $is"e i! "(e s"&%* e%(#!8e )i"(5r&e! "r#%* re%&r & 5r&i"#i$i"2 &er "(e $#s" "(ree 9: 2e#rs #! 5#2'e!" & iie!s #"$e#s" &!%e &er "(e s#'e 5eri&< 9i: i! &'es"i% '-"-#$ -!s i!%$-i!8 i!es"'e!"s re$#"e "& "(e &5er#"i&!s & '-"-#$-!s< #!

9=: i! &rei8! '-"-#$ -!s #! i! &rei8! %-rre!%2 e5&si"s &r &rei8! %-rre!%2e!&'i!#"e e"s, !&!s5e%-$#"ie e>-i"ies #! &"(er i!#!%i#$ i!s"r-'e!"s &r &"(er#sse"s iss-e i! #%%&r#!%e )i"( eis"i!8 $#)s & "(e %&-!"ries )(ere s-%( i!#!%i#$i!s"r-'e!"s #re iss-e3 Pr&ie, T(#" "(ese i!s"r-'e!"s &r #sse"s #re $is"e i! &-rses & "(e res5e%"ie %&-!"ries )(ere "(ese i!s"r-'e!"s &r #sse"s #re iss-e3 Pr&ie, -r"(er,

T(#" "(e iss-i!8 %&'5#!2 (#s 5r&e! "r#%* re%&r & 5r&i"#i$i"2 &er "(e $#s" "(ree 9:2e#rs #! 5#2'e!" & iie!s #" $e#s" &!%e &er "(e s#'e 5eri&.+SEC. 0. Re%&rs #! Re5&r"s. T(e GSIS s(#$$ *ee5 #! %#-se "& *ee5 s-%( re%&rs #s '#2 e!e%ess#r2 &r "(e 5-r5&se & '#*i!8 #%"-#ri#$ s"-ies, %#$%-$#"i&!s #! #$-#"i&!s & "(e -!s &"(e GSIS i!%$-i!8 s-%( #"# !eee i! "(e %&'5-"#"i&! & r#"es & is#i$i"2, '&r"#$i"2, '&rii"2,se5#r#"i&! #! re"ire'e!" #'&!8 "(e 'e'ers #! #!2 &"(er i!&r'#"i&! -se-$ &r "(e #=-s"'e!"& "(e e!ei"s & "(e 'e'ers. T(e GSIS s(#$$ '#i!"#i! #55r&5ri#"e &&*s & #%%&-!"s "& re%&ri"s #sse"s, $i#i$i"ies, i!%&'e, e5e!ses, re%ei5"s #! is-rse'e!" & -!s #! &"(er i!#!%i#$"r#!s#%"i&!s #! &5er#"i&!s.

+SEC. ;. E6#'i!#"i&! #! V#$-#"i&! & "(e F-!s. T(e GSIS s(#$$ '#*e # 5eri&i% #%"-#ri#$e#'i!#"i&! #! #$-#"i&! & i"s -!s i! #%%&r#!%e )i"( #%%e5"e #%"-#ri#$ 5ri!%i5$es.

+SEC. /. E6e'5"i&! r&' T#6, Le8#$ Pr&%ess #! Lie!. I" is (ere2 e%$#re "& e "(e 5&$i%2 &"(e S"#"e "(#" "(e #%"-#ri#$ s&$e!%2 & "(e -!s & "(e GSIS s(#$$ e 5resere #! '#i!"#i!e #"#$$ "i'es #! "(#" %&!"ri-"i&! r#"es !e%ess#r2 "& s-s"#i! "(e e!ei"s -!er "(is A%" s(#$$ e *e5"#s $&) #s 5&ssi$e i! &rer !&" "& -re! "(e 'e'ers & "(e GSIS #! "(eir e'5$&2ers. T#esi'5&se &! "(e GSIS "e! "& i'5#ir "(e #%"-#ri#$ s&$e!%2 & i"s -!s #! i!%re#se "(e%&!"ri-"i&! r#"e !e%ess#r2 "& s-s"#i! "(e e!ei"s & "(is A%". A%%&ri!8$2, !&")i"(s"#!i!8 #!2$#)s "& "(e %&!"r#r2, "(e GSIS, i"s #sse"s, ree!-es i!%$-i!8 #$$ #%%r-#$s "(ere"&, #! e!ei"s5#i, s(#$$ e ee'5" r&' #$$ "#es, #ssess'e!"s, ees, %(#r8es, &r -"ies & #$$ *i!s. T(eseee'5"i&!s s(#$$ %&!"i!-e -!$ess e5ress$2 #! s5e%ii%#$$2 re&*e #! #!2 #ssess'e!" #8#i!s""(e GSIS #s & "(e #55r&#$ & "(is A%" #re (ere2 %&!siere 5#i. C&!se>-e!"$2, #$$ $#)s,&ri!#!%es, re8-$#"i&!s, iss-#!%es, &5i!i&!s &r =-ris5r-e!%e %&!"r#r2 "& &r i! er&8#"i&! & "(is5r&isi&! #re (ere2 ee'e re5e#$e, s-5ersee #! re!ere i!ee%"ie #! )i"(&-" $e8#$&r%e #! ee%".

+M&re&er, "(ese ee'5"i&!s s(#$$ !&" e #e%"e 2 s-se>-e!" $#)s "& "(e %&!"r#r2 -!$ess "(isse%"i&! is e5ress$2, s5e%ii%#$$2 #! %#"e8&ri%#$$2 re&*e &r re5e#$e 2 $#) #! # 5r&isi&! ise!#%"e "& s-s"i"-"e &r re5$#%e "(e ee'5"i&! reerre "& (erei! #s #! esse!"i#$ #%"&r "& '#i!"#i!

7/28/2019 RA 8291 The GSIS Act of 1997


&r 5r&"e%" "(e s&$e!%2 & "(e -!, !&")i"(s"#!i!8 #! i!e5e!e!"$2 & "(e 8-#r#!"2 & "(e!#"i&!#$ 8&er!'e!" "& se%-re s-%( s&$e!%2 &r $i#i$i"2.

+T(e -!s #!?&r "(e 5r&5er"ies reerre "& (erei! #s )e$$ #s "(e e!ei"s, s-'s &r '&!ies%&rres5&!i!8 "& "(e e!ei"s -!er "(is A%" s(#$$ e ee'5" r&' #""#%('e!", 8#r!is('e!",

ee%-"i&!, $e2 &r &"(er 5r&%esses iss-e 2 "(e %&-r"s, >-#si=-i%i#$ #8e!%ies &r #'i!is"r#"ie&ies i!%$-i!8 C&''issi&! &! A-i" 9COA: is#$$&)#!%es #! r&' #$$ i!#!%i#$ &$i8#"i&!s & "(e'e'ers, i!%$-i!8 (is 5e%-!i#r2 #%%&-!"#i$i"2 #risi!8 r&' &r %#-se &r &%%#si&!e 2 (iseer%ise &r 5er&r'#!%e & (is &i%i#$ -!%"i&!s &r -"ies, &r i!%-rre re$#"ie "& &r i! %&!!e%"i&!)i"( (is 5&si"i&! &r )&r* e%e5" )(e! (is '&!e"#r2 $i#i$i"2, %&!"r#%"-#$ &r &"(er)ise, is i! #&r &"(e GSIS.

B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e

+G. DMINISTR T ION

+SEC. 4. I'5$e'e!"i!8 B&2. T(e G&er!'e!" Seri%e I!s-r#!%e S2s"e' #s %re#"e -!erC&''&!)e#$"( A%" N&. 1;6 s(#$$ i'5$e'e!" "(e 5r&isi&!s & "(is A%".

+SEC. 41. P&)ers #! F-!%"i&!s & "(e GSIS. T(e GSIS s(#$$ eer%ise "(e &$$&)i!8 5&)ers #!-!%"i&!s3

9#: "& &r'-$#"e, #&5", #'e! #!?&r res%i! s-%( r-$es #! re8-$#"i&!s #s '#2 e!e%ess#r2 "& %#rr2 &-" "(e 5r&isi&!s #! 5-r5&ses & "(is A%", #s )e$$ #s "(e ee%"ieeer%ise & "(e 5&)ers #! -!%"i&!s, #! "(e is%(#r8e & -"ies #! res5&!sii$i"ies &"(e GSIS, i"s &i%ers #! e'5$&2ees< 9: "& #&5" &r #55r&e "(e #!!-#$ #! s-55$e'e!"#$ -8e" & re%ei5"s #! e5e!i"-resi!%$-i!8 s#$#ries #! #$$&)#!%es & "(e GSIS 5ers&!!e$< "& #-"(&rie s-%( %#5i"#$ #!&5er#"i!8 e5e!i"-res #! is-rse'e!"s & "(e GSIS #s '#2 e !e%ess#r2 #! 5r&5er&r "(e ee%"ie '#!#8e'e!" #! &5er#"i&! & "(e GSIS< 9%: "& i!es" "(e -!s & "(e GSIS, ire%"$2 &r i!ire%"$2, i! #%%&r#!%e )i"( "(e 5r&isi&!s& "(is A%"< 9: "& #%>-ire, -"i$ie &r is5&se &, i! #!2 '#!!er re%&8!ie 2 $#), re#$ &r 5ers&!#$5r&5er"2 i! "(e P(i$i55i!es &r e$se)(ere !e%ess#r2 "& %#rr2 &-" "(e 5-r5&ses & "(is A%"<

9e: "& %&!-%" %&!"i!-i!8 #%"-#ri#$ #! s"#"is"i%#$ s"-ies #! #$-#"i&!s "& e"er'i!e "(ei!#!%i#$ %&!i"i&! & "(e GSIS #! "#*i!8 i!"& %&!sier#"i&! s-%( s"-ies #! #$-#"i&!s#! "(e $i'i"#"i&!s (erei! 5r&ie, re#=-s" "(e e!ei"s, %&!"ri-"i&!s, 5re'i-' r#"es,i!"eres" r#"es &r "(e #$$&%#"i&! &r re#$$&%#"i&! & "(e -!s "& "(e %&!"i!8e!%ies %&ere<

9: "& (#e "(e 5&)er & s-%%essi&!<

98: "& s-e #! e s-e< 9(: "& e!"er i!"&, '#*e, 5er&r' #! %#rr2 &-" %&!"r#%"s & eer2 *i! #! es%ri5"i&! )i"(#!2 5ers&!, ir' &r #ss&%i#"i&! &r %&r5&r#"i&!, &'es"i% &r &rei8!< 9i: "& %#rr2 &! #!2 &"(er $#)-$ -si!ess )(#"s&eer i! 5-rs-#!%e &, &r i! %&!!e%"i&! )i"("(e 5r&isi&!s & "(is A%"< 9=: "& (#e &!e &r '&re &i%es i! #! &-"sie & "(e P(i$i55i!es, #! "& %&!-%" i"s-si!ess #! eer%ise i"s 5&)ers "(r&-8(&-" #! i! #!2 5#r" & "(e Re5-$i% & "(e







7/28/2019 RA 8291 The GSIS Act of 1997


P(i$i55i!es #!?&r i! #!2 &r #$$ &rei8! %&-!"ries, s"#"es #! "erri"&ries3 Pr&ie, T(#" "(eGSIS s(#$$ '#i!"#i! # r#!%( &i%e i! eer2 5r&i!%e )(ere "(ere eis"s # 'i!i'-' &i"ee! "(&-s#! 91@,: 'e'ers(i5< 9*: "& &rr&) -!s r&' #!2 s&-r%e, 5ri#"e &r 8&er!'e!", &rei8! &r &'es"i%, &!$2 #s#! i!%ie!" i! "(e se%-ri"i#"i&! & (&-si!8 '&r"8#8es & "(e GSIS #! &! #%%&-!" & i"s

re%ei#$es r&' #!2 8&er!'e!" &r 5ri#"e e!"i"2<

9$: "& i!es", &)! &r &"(er)ise 5#r"i%i5#"e i! e>-i"2 i! #!2 es"#$is('e!", ir' &r e!"i"2< 9': "& #55r&e #55&i!"'e!"s i! "(e GSIS e%e5" #55&i!"'e!"s "& 5&si"i&!s )(i%( #re5&$i%2 e"er'i!i!8, 5ri'#ri$2 %&!ie!"i#$ &r (i8($2 "e%(!i%#$ i! !#"-re #%%&ri!8 "& "(e Cii$Seri%e r-$es #! re8-$#"i&!s3 Pr&ie, T(#" #$$ 5&si"i&!s i! "(e GSIS s(#$$ e 8&er!e2 "(e %&'5e!s#"i&! #! 5&si"i&! %$#ssii%#"i&! s2s"e' #! >-#$ii%#"i&!s s"#!#rs#55r&e 2 "(e GSIS B&#r & Tr-s"ees #se &! # %&'5re(e!sie =& #!#$2sis #! #-i"& #%"-#$ -"ies #! res5&!sii$i"ies3 Pr&ie, -r"(er, T(#" "(e %&'5e!s#"i&! 5$#! s(#$$ e%&'5#r#$e )i"( "(e 5re#i$i!8 %&'5e!s#"i&! 5$#!s i! "(e 5ri#"e se%"&r #! s(#$$ es-=e%" "& "(e 5eri&i% reie) 2 "(e B&#r !& '&re "(#! &!%e eer2 &-r 94: 2e#rs )i"(&-"5re=-i%e "& 2e#r$2 'eri" reie)s &r i!%re#ses #se &! 5r&-%"ii"2 #! 5r&i"#i$i"2<

9!: "& esi8! #! #&5" #! E#r$2 Re"ire'e!" I!%e!"ies P$#! 9ERIP: #!?&r i!#!%i#$#ssis"#!%e &r "(e 5-r5&se & re"ire'e!" &r i"s &)! 5ers&!!e$<

9&: "& i #! 5eri&i%#$$2 reie) #! #=-s" "(e r#"es & i!"eres" #! &"(er "er's #!%&!i"i&!s &r $&#!s #! %rei"s e"e!e "& 'e'ers &r &"(er 5ers&!s, )(e"(er !#"-r#$ &r =-rii%#$< 95: "& e!"er i!"& #8ree'e!" )i"( "(e S&%i#$ Se%-ri"2 S2s"e' &r #!2 &"(er e!"i"2, e!"er5rise,%&r5&r#"i&! &r 5#r"!ers(i5 &r "(e e!ei" & 'e'ers "r#!serri!8 r&' &!e s2s"e' "&#!&"(er s-=e%" "& "(e 5r&isi&!s & Re5-$i% A%" N&. 06//, &"(er)ise *!&)! #s "(eP&r"#i$i"2 L#)< 9>: "& e #$e "& $&#" 5r&5er i!s"r-'e!" "& $i>-e2 $&!8"er' '#"-ri"2 2 5&&$i!8 -!s &rs(&r""er' se%&!#r2 '#r*e"< 9r: "& s-'i" #!!-#$$2, !&" $#"er "(#! -!e , # 5-$i% re5&r" "& "(e Presie!" & "(eP(i$i55i!es #! "(e C&!8ress & "(e P(i$i55i!es re8#ri!8 i"s #%"ii"ies i! "(e #'i!is"r#"i&!#! e!&r%e'e!" & "(is A%" -ri!8 "(e 5re%ei!8 2e#r i!%$-i!8 i!&r'#"i&! #!re%&''e!#"i&!s &! &#r 5&$i%ies &r "(e ee$&5'e!" #! 5ere%"i&! & "(e 5r&8r#'s &"(e GSIS< 9s: "& '#i!"#i! # 5r&ie!" -!, )(i%( %&!sis"s & %&!"ri-"i&!s '#e 2 &"( "(e GSIS#! i"s &i%i#$s #! e'5$&2ees #! "(eir e#r!i!8s, &r "(e 5#2'e!"s & e!ei"s "& s-%(&i%i#$s #! e'5$&2ees &r "(eir (eirs -!er s-%( "er's #! %&!i"i&!s #s i" '#2 5res%rie<

9": "& #55r&e #! #&5" 8-ie$i!es #e%"i!8 i!es"'e!"s, i!s-r#!%e %&er#8e &8&er!'e!" 5r&5er"ies, se""$e'e!" & %$#i's, is5&si"i&! & #%>-ire #sse"s, 5ri#"i#"i&! &r e5#!si&! & s-sii#ries, ee$&5'e!" & (&-si!8 5r&=e%"s, i!%re#se e!ei" #! $&#!5#%*#8es "& 'e'ers, #! "(e e!&r%e'e!" & "(e 5r&isi&! & "(is A%"<

9-: #!2 5r&isi&! & $#) "& "(e %&!"r#r2 !&")i"(s"#!i!8, "& #-"(&rie "(e 5#2'e!" & e"r#re'-!er#"i&! "& "(e &i%i#$s #! e'5$&2ees ire%"$2 i!&$e i! "(e %&$$e%"i&! #!?&rre'i""#!%es & %&!"ri-"i&!s, $&#! re5#2'e!"s, #! &"(er '&!ies -e "& "(e GSIS #" s-%(r#"es #! -!er s-%( %&!i"i&!s #s i" '#2 #&5"3 Pr&ie, T(#" "(e es" i!"eres" & "(eGSIS s(#$$ e &sere "(ere2< 9: "& e"er'i!e, i #! i'5&se i!"eres" -5&! -!5#i 5re'i-'s -e r&' e'5$&2ers #!e'5$&2ees< 9): "& e!s-re "(e %&$$e%"i&! &r re%&er2 & #$$ i!e"e!ess, $i#i$i"ies #!?&r

7/28/2019 RA 8291 The GSIS Act of 1997


#%%&-!"#i$i"ies, i!%$-i!8 -!5#i 5re'i-'s &r %&!"ri-"i&!s i! #&r & "(e GSIS #risi!8r&' #!2 %#-se &r s&-r%e )(#"s&eer, -e r&' &$i8&rs, )(e"(er 5-$i% &r 5ri#"e. T(eB&#r s(#$$ e'#! 5#2'e!" &r se""$e'e!" & "(e &$i8#"i&!s reerre "& (erei! )i"(i! "(ir"29: #2s r&' "(e #"e "(e &$i8#"i&! e%&'es -e, #! i! "(e ee!" & #i$-re &r re-s#$ & "(e &$i8&r &r e"&r "& %&'5$2 )i"( "(e e'#!, "& i!i"i#"e &r i!s"i"-"e "(e !e%ess#r2 &r

5r&5er #%"i&!s &r s-i"s, %ri'i!#$, %ii$ &r #'i!is"r#"ie &r &"(er)ise, e&re "(e %&-r"s,"ri-!#$s, %&''issi&!s, &#rs, &r &ies & 5r&5er =-risi%"i&! )i"(i! "(ir"2 9: #2sre%*&!e r&' "(e e5ir2 #"e & "(e 5eri& ie i! "(e e'#! )i"(i! )(i%( "& 5#2 &rse""$e "(e #%%&-!"< 9: "& esi8! #! i'5$e'e!" 5r&8r#'s "(#" )i$$ 5r&'&"e #! '&i$ie s#i!8s #! 5r&ie#i"i&!#$ res&-r%es &r s&%i#$ se%-ri"2 e5#!si&! #! #" "(e s#'e "i'e #&r i!ii-#$'e'ers #55r&5ri#"e re"-r!s &! "(eir s#i!8s?i!es"'e!"s. T(e 5r&8r#'s s(#$$ e s&esi8!e #s "& s5-r s&%i&e%&!&'i% "#*e& #! '#i!"#i! %&!"i!-e 8r&)"(< #!

92: "& eer%ise s-%( 5&)ers #! 5er&r' s-%( &"(er #%"s #s '#2 e !e%ess#r2, -se-$,i!%ie!"#$ &r #-i$i#r2 "& %#rr2 &-" "(e 5r&isi&!s & "(is A%", &r "& #""#i! "(e 5-r5&ses #!&=e%"ies & "(is A%".

+SEC. 47. T(e B&#r & Tr-s"ees< i"s C&'5&si"i&!< Te!-re #! C&'5e!s#"i&!. T(e %&r5&r#"e5&)ers #! -!%"i&!s & "(e GSIS s(#$$ e es"e i! #! eer%ise 2 "(e B&#r & Tr-s"ees%&'5&se & "(e Presie!" #! Ge!er#$ M#!#8er & "(e GSIS #! ei8(" 9;: &"(er 'e'ers "& e#55&i!"e 2 "(e Presie!" & "(e P(i$i55i!es, &!e 91: & )(&' s(#$$ e ei"(er "(e Presie!" & "(eP(i$i55i!e P-$i% S%(&&$ Te#%(ers Ass&%i#"i&! 9PPSTA: &r "(e Presie!" & "(e P(i$i55i!e Ass&%i#"i&! & S%(&&$ S-5eri!"e!e!"s 9PASS:, #!&"(er ")& 97: s(#$$ re5rese!" "(e $e#i!8&r8#!i#"i&!s &r #ss&%i#"i&!s & 8&er!'e!" e'5$&2ees?re"irees, #!&"(er &-r 94: r&' "(e #!*i!8,i!#!%e, i!es"'e!", #! i!s-r#!%e se%"&rs, #! &!e 91: re%&8!ie 'e'er & "(e $e8#$ 5r&essi&!)(& #" "(e "i'e & #55&i!"'e!" is #$s& # 'e'er & "(e GSIS. T(e Tr-s"ees s(#$$ e$e%" r&' #'&!8"(e'se$es # C(#ir'#! )(i$e "(e Presie!" #! Ge!er#$ M#!#8er & "(e GSIS s(#$$ #-"&'#"i%#$$2e "(e i%e%(#ir'#!.

T(e Tr-s"ees, e%e5" "(e Presie!" #! Ge!er#$ M#!#8er )(& s(#$$ %e#se #s "r-s"ee -5&! (isse5#r#"i&!, s(#$$ (&$ &i%e &r si 96: 2e#rs )i"(&-" re#55&i!"'e!", &r -!"i$ "(eir s-%%ess&rs #re-$2 #55&i!"e #! >-#$iie. V#%#!%2, &"(er "(#! "(r&-8( "(e e5ir#"i&! & "(e "er', s(#$$ e i$$e&r "(e -!e5ire "er' &!$2. T(e 'e'ers & "(e B&#r s(#$$ e e!"i"$e "& # 5er ie' & T)&"(&-s#! ie (-!re 5es&s 9P7,@.: &r e#%( &#r 'ee"i!8 #%"-#$$2 #""e!e 2 "(e', -"!&" "& e%ee Te! "(&-s#! 5es&s 9P1,.: # '&!"( #! re#s&!#$e "r#!s5&r"#"i&! #!re5rese!"#"i&! #$$&)#!%es #s '#2 e ie 2 "(e B&#r.

+SEC. 4. P&)ers #! F-!%"i&!s & "(e B&#r & Tr-s"ees. T(e B&#r & Tr-s"ees s(#$$ (#e "(e&$$&)i!8 5&)ers #! -!%"i&!s3

+9#: "& &r'-$#"e "(e 5&$i%ies, 8-ie$i!es #! 5r&8r#'s "& ee%"ie$2 %#rr2 &-" "(e 5-r5&ses& "(is A%"< +9: "& 5r&'-$8#"e s-%( r-$es #! re8-$#"i&!s #s '#2 e !e%ess#r2 &r 5r&5er &r "(eee%"ie eer%ise & "(e 5&)ers #! -!%"i&!s #s )e$$ #s "(e is%(#r8e & "(e -"ies #!res5&!sii$i"ies & "(e GSIS, i"s &i%ers #! e'5$&2ees< +9%: -5&! "(e re%&''e!#"i&! & "(e Presie!" #! Ge!er#$ M#!#8er, "& #55r&e "(e#!!-#$ #! s-55$e'e!"#$ -8e" & re%ei5"s #! e5e!i"-res & "(e GSIS, #! "&#-"(&rie s-%( &5er#"i!8 #! %#5i"#$ e5e!i"-res #! is-rse'e!"s & "(e GSIS #s '#2

7/28/2019 RA 8291 The GSIS Act of 1997


e !e%ess#r2 &r 5r&5er &r "(e ee%"ie '#!#8e'e!", &5er#"i&! #! #'i!is"r#"i&! & "(eGSIS< +9: -5&! "(e re%&''e!#"i&! & "(e Presie!" #! Ge!er#$ M#!#8er, "& #55r&e "(eGSIS &r8#!i#"i&!#$ #! #'i!is"r#"ie s"r-%"-re #! s"#i!8 5#""er!, #! "& es"#$is(, i,reie), reise #! #=-s" "(e #55r&5ri#"e %&'5e!s#"i&! 5#%*#8es &r "(e &i%ers #!

e'5$&2ees & "(e GSIS #! re#s&!#$e #$$&)#!%es, i!%e!"ies, &!-ses, 5rii$e8es #!&"(er e!ei"s #s '#2 e !e%ess#r2 &r 5r&5er &r "(e ee%"ie '#!#8e'e!", &5er#"i&! #!#'i!is"r#"i&! & "(e GSIS, )(i%( s(#$$ e ee'5" r&' Re5-$i% A%" N&. 60@;, &"(er)ise*!&)! #s "(e A""ri"i&! L#)< +9e: "& i #! 5eri&i%#$$2 reie) #! #=-s" "(e r#"es & i!"eres" #! &"(er "er's #!%&!i"i&!s &r $&#!s #! %rei"s e"e!e "& i"s 'e'ers &r &"(er 5ers&!s, )(e"(er !#"-r#$&r =-rii%#$< +9: "(e 5r&isi&! & #!2 $#) "& "(e %&!"r#r2 !&")i"(s"#!i!8, "& %&'5r&'ise &r re$e#se, i!)(&$e &r i! 5#r", #!2 %$#i' &r se""$e $i#i$i"2 "& "(e GSIS, re8#r$ess & "(e #'&-!" i!&$e,-!er s-%( "er's #! %&!i"i&!s #s i" '#2 i'5&se &r "(e es" i!"eres" & "(e GSIS< +98: "& #55r&e #! #&5" 8-ie$i!es #e%"i!8 i!es"'e!"s, i!s-r#!%e %&er#8e &

8&er!'e!" 5r&5er"ies, se""$e'e!" & %$#i's, is5&si"i&! & #%>-ire #sse"s, ee$&5'e!"& (&-si!8 5r&=e%"s, i!%re#se e!ei" #! $&#! 5#%*#8es "& 'e'ers, #! "(ee!&r%e'e!" & "(e 5r&isi&!s & "(is A%"< +9(: "& e"er'i!e, i, #! i'5&se i!"eres" -5&! -!5#i &r -!re'i""e 5re'i-'s #!?&r%&!"ri-"i&!s< #!

+9i: "& & #! 5er&r' #!2 #! #$$ #%"s !e%ess#r2, 5r&5er &r i!%ie!"#$ "& "(e #""#i!'e!" &"(e 5-r5&ses #! &=e%"ies & "(is A%".

+SEC. 44. A55&i!"'e!", -#$ii%#"i&!s, #! C&'5e!s#"i&! & "(e Presie!" #! Ge!er#$ M#!#8er#! & &"(er Pers&!!e$. T(e Presie!" #! Ge!er#$ M#!#8er & "(e GSIS s(#$$ e i"s C(ieEe%-"ie Oi%er #! s(#$$ e #55&i!"e 2 "(e Presie!" & "(e P(i$i55i!es. He s(#$$ e # 5ers&!)i"( '#!#8e'e!" #! i!es"'e!"s e5er"ise !e%ess#r2 &r "(e ee%"ie 5er&r'#!%e & (is -"ies#! -!%"i&!s -!er "(is A%".

+T(e GSIS Presie!" #! Ge!er#$ M#!#8er s(#$$ e #ssis"e 2 &!e &r '&re ee%-"ie i%e5resie!"s, se!i&r i%e5resie!"s #! '#!#8ers i! #i"i&! "& "(e -s-#$ s-5eris&r2 #! r#!*#!i$e 5&si"i&!s )(& s(#$$ e #55&i!"e #! re'&e 2 "(e Presie!" #! Ge!er#$ M#!#8er )i"( "(e#55r&#$ & "(e B&#r, i! #%%&r#!%e )i"( "(e eis"i!8 Cii$ Seri%e r-$es #! re8-$#"i&!s.

+SEC. 4@. P&)ers #! D-"ies & "(e Presie!" #! Ge!er#$ M#!#8er. T(e Presie!" #! Ge!er#$M#!#8er & "(e GSIS s(#$$, #'&!8 &"(ers, ee%-"e #! #'i!is"er "(e 5&$i%ies #! res&$-"i&!s#55r&e 2 "(e B&#r #! ire%" #! s-5erise "(e #'i!is"r#"i&! #! &5er#"i&!s & "(e GSIS.T(e Presie!" #! Ge!er#$ M#!#8er, s-=e%" "& "(e #55r&#$ & "(e B&#r, s(#$$ #55&i!" "(e5ers&!!e$ & "(e GSIS, re'&e, s-s5e! &r &"(er)ise is%i5$i!e "(e' &r %#-se, i! #%%&r#!%e)i"( "(e eis"i!8 Cii$ Seri%e r-$es #! re8-$#"i&!s, #! 5res%rie "(eir -"ies #! >-#$ii%#"i&!s "&"(e e! "(#" &!$2 %&'5e"e!" 5ers&!s '#2 e e'5$&2e.

+SEC. 46. A-i"&r. 9#: T(e C(#ir'#! & "(e C&''issi&! &! A-i" s(#$$ e "(e e6 &i%i& #-i"&r &"(e GSIS, #! "(e !e%ess#r2 5ers&!!e$ "& #ssis" s#i re5rese!"#"ie i! "(e 5er&r'#!%e & (is-"ies.

7/28/2019 RA 8291 The GSIS Act of 1997


+9: T(e C(#ir'#! & "(e C&''issi&! &! A-i" &r (is #-"(&rie re5rese!"#"ies, s(#$$ s-'i" "&"(e B&#r s&&! #"er "(e %$&se & e#%( %#$e!#r 2e#r, #! #-i"e s"#"e'e!" s(&)i!8 "(e i!#!%i#$%&!i"i&! #! 5r&8ress & "(e GSIS &r "(e %#$e!#r 2e#r =-s" e!e.

+SEC. 40. Le8#$ C&-!se$. T(e G&er!'e!" C&r5&r#"e C&-!se$ s(#$$ e "(e $e8#$ #iser #!

%&!s-$"#!" & "(e GSIS, -" "(e GSIS '#2 #ssi8! "& "(e Oi%e & "(e G&er!'e!" C&r5&r#"eC&-!se$ 9OGCC: %#ses &r $e8#$ #%"i&! &r "ri#$, iss-es &r $e8#$ &5i!i&!s, 5re5#r#"i&! #! reie) &%&!"r#%"s?#8ree'e!"s #! &"(ers, #s "(e GSIS '#2 e%ie &r e"er'i!e r&' "i'e "& "i'e3Pr&ie, (&)eer, T(#" "(e 5rese!" $e8#$ seri%es 8r&-5 i! "(e GSIS s(#$$ sere #s i"s i!(&-se$e8#$ %&-!se$.

+T(e GSIS '#2, s-=e%" "& #55r&#$ 2 "(e 5r&5er %&-r", e5-"ie #!2 5ers&!!e$ & "(e $e8#$seri%e 8r&-5 "& #%" #s s5e%i#$ s(eri i! "(e e!&r%e'e!" & )ri"s #! 5r&%esses iss-e 2 "(e%&-r", >-#si=-i%i#$ #8e!%ies &r #'i!is"r#"ie &ies i! %#ses i!&$i!8 "(e GSIS.

+SEC. 4;. P&)ers & "(e I!s-r#!%e C&''issi&!. T(e I!s-r#!%e C&''issi&!er &r (is #-"(&rie

re5rese!"#"ies s(#$$ '#*e #! e#'i!#"i&! & i!#!%i#$ %&!i"i&! #! 'e"(&s & "r#!s#%"i!8-si!ess & "(e GSIS #" $e#s" &!%e eer2 "(ree 9: 2e#rs #! "(e re5&r" & s#i e#'i!#"i&! s(#$$e s-'i""e "& "(e B&#r & Tr-s"ees #! %&5ies "(ere& e -r!is(e "(e Oi%e & "(e Presie!"& "(e P(i$i55i!es #! "(e ")& (&-ses & "(e C&!8ress & "(e P(i$i55i!es )i"(i! ie 9@: #2s #"er"(e %$&se & e#'i!#"i&!3 Pr&ie, (&)eer, T(#" &r e#%( e#'i!#"i&!, "(e GSIS s(#$$ 5#2 "(e&i%e & "(e I!s-r#!%e C&''issi&!er #! #'&-!" e>-#$ "& "(e #%"-#$ e5e!ses i!%-rre 2 "(e s#i&i%e i! "(e %&!-%" & e#'i!#"i&!, i!%$-i!8 "(e s#$#ries & "(e e#'i!ers #! & "(e #%"-#r2 &s-%( e#'i!#"i&! &r "(e #%"-#$ "i'e s5e!".

B#%* "& T&5

B#%* "& H&'e

B#%* "& L#&r I!e

+H. GENER L PROVIS ION

+SEC. 4/. Dis5e!s#"i&! & S&%i#$ I!s-r#!%e Be!ei"s. 9#: T(e GSIS s(#$$ 5#2 "(e re"ire'e!"e!ei"s "& "(e e'5$&2ee &! (is $#s" #2 & seri%e i! "(e 8&er!'e!"3 Pr&ie, T(#" #$$re>-ire'e!"s #re s-'i""e "& "(e GSIS )i"(i! # re#s&!#$e 5eri& 5ri&r "& "(e ee%"ie #"e & "(ere"ire'e!"<

+9: T(e GSIS s(#$$ is%&!"i!-e "(e 5r&%essi!8 #! #=-i%#"i&! & re"ire'e!" %$#i's -!er R.A.N&. 1616 e%e5" re-! & re"ire'e!" 5re'i-' -!er R. A. N&. /1. I!s"e#, #$$ #8e!%ies%&!%er!e s(#$$ 5r&%ess #! 5#2 "(e 8r#"-i"ies & "(eir e'5$&2ees. T(e B&#r s(#$$ #&5" "(e5r&5er r-$es #! 5r&%e-res &r "(e i'5$e'e!"#"i&! & "(is 5r&isi&!.

+SEC. @. Dee$&5'e!" #! Dis5&si"i&! & A%>-ire Asse"s. T(e GSIS s(#$$ (#e "(e ri8(" "&ee$&5 #! is5&se & i"s #%>-ire #sse"s &"#i!e i! "(e &ri!#r2 %&-rse & i"s -si!ess. T& ##$-e "&, i'5r&e 5r&i"#i$i"2 &!, #!?&r e!(#!%e "(e '#r*e"#i$i"2 & #! #%>-ire #sse", "(e GSIS'#2 -r"(er ee$&5?re!&#"e "(e s#'e ei"(er )i"( i"s &)! %#5i"#$ &r "(r&-8( # =&i!" e!"-re#rr#!8e'e!" )i"( 5ri#"e %&'5#!ies &r i!ii-#$s.







7/28/2019 RA 8291 The GSIS Act of 1997


+T(e GSIS '#2 se$$ i"s #%>-ire #sse"s i! #%%&r#!%e )i"( eis"i!8 C&''issi&! &! A-i" 9COA:r-$es #! re8-$#"i&!s &r #! #'&-!" !&" $&)er "(#! "(e %-rre!" '#r*e" #$-e & "(e 5r&5er"2. F&r"(is 5-r5&se, "(e GSIS s(#$$ %&!-%" #! #!!-#$ #55r#is#$ & i"s 5r&5er"2 &r #%>-ire #sse"s "&e"er'i!e i"s %-rre!" '#r*e" #$-e. A$$ !&"i%es & s#$e s(#$$ e 5-$is(e i! !e)s5#5ers & 8e!er#$%ir%-$#"i&!.

+N& i!=-!%"i&! &r res"r#i!i!8 &rer iss-e 2 #!2 %&-r", %&''issi&!, "ri-!#$ &r &i%e s(#$$ #r,i'5ee &r e$#2 "(e s#$e #! is5&si"i&! 2 "(e GSIS & i"s #%>-ire #sse"s e%e5" &! >-es"i&!s &&)!ers(i5 #! !#"i&!#$ &r 5-$i% i!"eres".

+SEC. @1. G&er!'e!" Assis"#!%e "& "(e GSIS. T(e GSIS '#2 %#$$ -5&! #!2 e'5$&2er &r s-%(#ssis"#!%e #s '#2 e !e%ess#r2 i! "(e is%(#r8e & i"s -"ies #! -!%"i&!s.

B#%* "& T&5

B#%* "& H&'e B#%* "& L#&r I!e

+ I . PEN L PROVIS IONS

+SEC. @7. Pe!#$"2. 9#: A!2 5ers&! &-! "& (#e 5#r"i%i5#"e ire%"$2 &r i!ire%"$2 i! "(e%&''issi&! & r#-, %&$$-si&!, #$sii%#"i&!, &r 'isre5rese!"#"i&! i! #!2 "r#!s#%"i&! )i"( "(e GSIS,)(e"(er &r (i' &r &r s&'e &"(er 5ers&!s, s(#$$ s-er "(e 5e!#$"ies 5r&ie &r i! Ar"i%$e 107 &"(e Reise Pe!#$ C&e.

+9: (&eer s(#$$ &"#i! &r re%eie #!2 '&!e2 &r %(e%* i!&*i!8 #!2 5r&isi&! & "(is A%" &r #!2#8ree'e!" "(ere-!er, )i"(&-" ei!8 e!"i"$e "(ere"& )i"( "(e i!"e!" "& er#- #!2 'e'er, #!2e'5$&2er, "(e GSIS, &r #!2 "(ir 5#r"2, s(#$$ e 5-!is(e 2 # i!e & !&" $ess "(#! Fie "(&-s#!5es&s 9P@,.: !&r '&re "(#! T)e!"2 "(&-s#! 5es&s 9P7,.: &r 2 i'5ris&!'e!" & !&"$ess "(#! si 96: 2e#rs #! &!e 91: #2 "& ")e$e 917: 2e#rs, &r &"(, #" "(e is%re"i&! & "(e %&-r".

+9%: (&eer #i$s &r re-ses "& %&'5$2 )i"( "(e 5r&isi&!s & "(is A%" &r )i"( "(e r-$es #!re8-$#"i&!s #&5"e 2 "(e GSIS, s(#$$ e 5-!is(e 2 # i!e & !&" $ess "(#! Fie "(&-s#! 5es&s9P@,.: !&r '&re "(#! T)e!"2 "(&-s#! 5es&s 9P7,.: &r i'5ris&!'e!" & !&" $ess "(#!si 96: 2e#rs #! &!e 91: #2 "& ")e$e 917: 2e#rs, &r &"(, #" "(e is%re"i&! & "(e %&-r".

+9: T(e "re#s-rer, i!#!%e &i%er, %#s(ier, is-rsi!8 &i%er, -8e" &i%er &r &"(er &i%i#$ &re'5$&2ee )(& #i$s "& i!%$-e i! "(e #!!-#$ -8e" "(e #'&-!" %&rres5&!i!8 "& "(e e'5$&2er #!e'5$&2ee %&!"ri-"i&!s, &r )(& #i$s &r re-ses &r e$#2s 2 '&re "(#! "(ir"2 9: #2s r&' "(e"i'e s-%( #'&-!" e%&'es -e #! e'#!#$e, &r "& e-%" "(e '&!"($2 %&!"ri-"i&!s & "(ee'5$&2ee s(#$$, -5&! %&!i%"i&! 2 i!#$ =-8'e!", s-er "(e 5e!#$"ies & i'5ris&!'e!" r&' si 96:'&!"(s #! &!e 91: #2 "& si 96: 2e#rs, #! # i!e & !&" $ess "(#! T(ree "(&-s#! 5es&s9P,.: -" !&" '&re "(#! Si "(&-s#! 5es&s 9P6,.:, #! i! #i"i&!, s(#$$ s-er#s&$-"e 5er5e"-#$ is>-#$ii%#"i&! r&' (&$i!8 5-$i% &i%e #! r&' 5r#%"i%i!8 #!2 5r&essi&! &r%#$$i!8 $i%e!se 2 "(e 8&er!'e!".

+9e: A!2 e'5$&2ee &r 'e'er )(& re%eies &r *ee5s -! &r 5r&5er"2 e$&!8i!8, 5#2#$e &re$ier#$e "& "(e GSIS #! #55r&5ri#"es "(e s#'e, &r "#*es &r 'is#55r&5ri#"es &r -ses "(e s#'e&r #!2 5-r5&se &"(er "(#! #-"(&rie 2 "(is A%", &r 5er'i"s #!&"(er 5ers&! "& "#*e,







7/28/2019 RA 8291 The GSIS Act of 1997


'is#55r&5ri#"e &r -se s#i -! &r 5r&5er"2 2 e5ress$2 %&!se!"i!8 "(ere"&, &r "(r&-8(##!&!'e!" &r !e8$i8e!%e, &r is &"(er)ise 8-i$"2 & "(e 'is#55r&5ri#"i&! & s#i -! &r 5r&5er"2,i! )(&$e &r i! 5#r", s(#$$ s-er "(e 5e!#$"ies 5r&ie i! Ar"i%$e 710 & "(e Reise Pe!#$ C&e, #!i! #i"i&!, s(#$$ s-er #s&$-"e 5er5e"-#$ is>-#$ii%#"i&! r&' (&$i!8 5-$i% &i%e #! r&'5r#%"i%i!8 #!2 5r&essi&! &r %#$$i!8 $i%e!se 2 "(e 8&er!'e!".

+9: A!2 e'5$&2ee )(&, #"er e-%"i!8 "(e '&!"($2 %&!"ri-"i&! &r $&#! #'&r"i#"i&! r&' #'e'ers %&'5e!s#"i&!, #i$s "& re'i" "(e s#'e "& "(e GSIS )i"(i! "(ir"2 9: #2s r&' "(e #"e"(e2 s(&-$ (#e ee! re'i""e -!er Se%"i&! 69#:, s(#$$ e 5res-'e "& (#e 'is#55r&5ri#"es-%( %&!"ri-"i&! &r $&#! #'&r"i#"i&! #! s(#$$ s-er "(e 5e!#$"ies 5r&ie i! Ar"i%$e 1@ & "(eReise Pe!#$ C&e, #! i! #i"i&!, s(#$$ s-er #s&$-"e 5er5e"-#$ is>-#$ii%#"i&! r&' (&$i!85-$i% &i%e #! r&' 5r#%"i%i!8 #!2 5r&essi&! &r %#$$i!8 $i%e!se 2 "(e 8&er!'e!".

+98: T(e (e#s & "(e &i%es & "(e !#"i&!#$ 8&er!'e!", i"s 5&$i"i%#$ s-iisi&!s, r#!%(es,#8e!%ies #! i!s"r-'e!"#$i"ies, i!%$-i!8 8&er!'e!"&)!e &r %&!"r&$$e %&r5&r#"i&!s #!8&er!'e!" i!#!%i#$ i!s"i"-"i&!s, #! "(e 5ers&!!e$ & s-%( &i%es )(& #re i!&$e i! "(e

%&$$e%"i&! & 5re'i-' %&!"ri-"i&!s, $&#! #'&r"i#"i&! #! &"(er #%%&-!"s -e "(e GSIS )(& s(#$$#i$, re-se &r e$#2 "(e 5#2'e!", "-r!&er, re'i""#!%e &r e$ier2 & s-%( #%%&-!"s "& "(e GSIS)i"(i! "(ir"2 9: #2s r&' "(e "i'e "(#" "(e s#'e s(#$$ (#e ee! -e #! e'#!#$e s(#$$,-5&! %&!i%"i&! 2 i!#$ =-8'e!", s-er "(e 5e!#$"ies & i'5ris&!'e!" & !&" $ess "(#! &!e 91:2e#r !&r '&re "(#! ie 9@: 2e#rs #! # i!e & !&" $ess "(#! Te! "(&-s#! 5es&s 9P1,.: !&r'&re "(#! T)e!"2 "(&-s#! 5es&s 9P7,.:, #! i! #i"i&!, s(#$$ s-er #s&$-"e 5er5e"-#$is>-#$ii%#"i&! r&' (&$i!8 5-$i% &i%e #! r&' 5r#%"i%i!8 #!2 5r&essi&! &r %#$$i!8 $i%e!se 2"(e 8&er!'e!".

+9(: T(e &i%ers #!?&r 5ers&!!e$ reerre "& i! 5#r#8r#5( 98: & "(is se%"i&! s(#$$ e $i#$e !&" &!$2%ri'i!#$$2 -" #$s& %ii$$2 "& "(e GSIS &r "& "(e e'5$&2ee &r 'e'er %&!%er!e i! "(e &r' &#'#8es, i!%$-i!8 s-r%(#r8es #! i!"eres"s.

+9i: F&r "(e %(#r8es &r %&'5$#i!"s reerre "& i! 5#r#8r#5( 98: & "(is se%"i&!, "(e $i#i$i"ies "(erei!se" &r"( s(#$$ e %&!s"r-e #s )#ier & "(e S"#"e & i"s i''-!i"2 r&' s-i", (e!%e, "(e #&e'e!"i&!e &i%i#$s #!?&r 5ers&!!e$ '#2 !&" i!&*e "(e ee!se & !&!s-#i$i"2 & "(e S"#"e.

+9=: F#i$-re & "(e Me'ers & "(e GSIS B&#r, i!%$-i!8 "(e %(#ir'#! #! "(e i%e%(#ir'#!, "&%&'5$2 )i"( "(e 5r&isi&!s & 5#r#8r#5( 9): & Se%"i&! 41 (ere&, s(#$$ s-=e%" "(e' "&i'5ris&!'e!" & !&" $ess "(#! si 96: '&!"(s !&r '&re "(#! &!e 91: 2e#r &r # i!e & !&" $ess "(#!Fie "(&-s#! 5es&s 9P@,.: !&r '&re "(#! Te! "(&-s#! 5es&s 9P1,.: )i"(&-"5re=-i%e "& #!2 %ii$ &r #'i!is"r#"ie $i#i$i"2 )(i%( '#2 #$s& #rise "(erer&'.

+9*: Cri'i!#$ #%"i&!s #risi!8 r&' i&$#"i&!s & "(e 5r&isi&!s & "(is A%" '#2 e %&''e!%e 2 "(eGSIS &r 2 "(e #88riee 'e'er, ei"(er -!er "(is A%" &r, i! #55r&5ri#"e %#ses, -!er "(e ReisePe!#$ C&e.

+SEC. @. I'5$e'e!"i!8 R-$es #! Re8-$#"i&!s. T(e i'5$e'e!"i!8 r-$es #! re8-$#"i&!s "& %#rr2&-" "(e 5r&isi&!s & "(is A%" s(#$$ e #&5"e #! 5r&'-$8#"e 2 "(e GSIS !&" $#"er "(#! !i!e"29/: #2s #"er "(e #55r&#$ & "(is A%".

7/28/2019 RA 8291 The GSIS Act of 1997


+SEC. @4. N&!i'5#ir'e!" & Be!ei"s, P&)ers, H-risi%"i&!, Ri8("s, Prii$e8es, F-!%"i&!s #! A%"ii"ies. N&"(i!8 i! "(is A%" s(#$$ e %&!s"r-e "& re5e#$, #'e! &r $i'i" #!2 5r&isi&! & eis"i!8$#)s, Presie!"i#$ De%rees #! Le""ers & I!s"r-%"i&!s, !&" &"(er)ise s5e%ii%#$$2 i!%&!sis"e!" )i"("(e 5r&isi&!s & "(is A%".

+SEC. @@. E6%$-sie!ess & Be!ei"s. (e!eer &"(er $#)s 5r&ie si'i$#r e!ei"s &r "(e s#'e%&!"i!8e!%ies %&ere 2 "(is A%", "(e 'e'er )(& >-#$iies "& "(e e!ei"s s(#$$ (#e "(e &5"i&! "&%(&&se )(i%( e!ei"s )i$$ e 5#i "& (i'. H&)eer, i "(e e!ei"s 5r&ie 2 "(e $#) %(&se! #re$ess "(#! "(e e!ei"s 5r&ie -!er "(is A%", "(e GSIS s(#$$ 5#2 &!$2 "(e iere!%e.

+SEC. @6. A55r&5ri#"i&!s. T(e #'&-!" !e%ess#r2 "& %#rr2 &-" "(e 5r&isi&!s & "(is A%" s(#$$ ei!%$-e i! "(e res5e%"ie -8e"s & "(e #8e!%ies i! "(e !#"i&!#$ 8&er!'e!" &$i8#"i&! 5r&8r#'& "(e 2e#r &$$&)i!8 i"s e!#%"'e!" i!"& $#) #! "(ere#"er.+

SEC. 7. Se5#r#i$i"2 C$#-se. S(&-$ #!2 5r&isi&! & "(is A%" &r #!2 5#r" "(ere& e e%$#rei!#$i, "(e &"(er 5r&isi&!s, s& #r #s "(e2 #re se5#r#$e r&' "(e i!#$i &!es, s(#$$ re'#i! i!

&r%e #! ee%".

SEC. . Re5e#$i!8 C$#-se. A$$ $#)s #! #!2 &"(er $#) &r 5#r"s & $#) s5e%ii%#$$2 i!%&!sis"e!"(ere)i"( #re (ere2 re5e#$e &r '&iie #%%&ri!8$23 Pr&ie, T(#" "(e ri8("s -!er "(e eis"i!8$#)s, r-$es #! re8-$#"i&!s es"e -5&! &r #%>-ire 2 #! e'5$&2ee )(& is #$re#2 i! "(e seri%e#s & "(e ee%"ii"2 & "(is A%" s(#$$ re'#i! i! &r%e #! ee%"3 Pr&ie, -r"(er, T(#" s-se>-e!" "&"(e ee%"ii"2 & "(is A%", # !e) e'5$&2ee &r #! e'5$&2ee )(& (#s 5rei&-s$2 re"ire &r se5#r#"e#! is ree'5$&2e i! "(e seri%e s(#$$ e %&ere 2 "(e 5r&isi&!s & "(is A%".

SEC. 4. Ee%"ii"2. T(is A%" s(#$$ "#*e ee%" i"ee! 91@: #2s #"er i"s 5-$i%#"i&! i! "(e Oi%i#$G#e""e &r i! #" $e#s" ")& 97: !e)s5#5ers & 8e!er#$ %ir%-$#"i&!.

T(is A%", )(i%( is # %&!s&$i#"i&! & Se!#"e Bi$$ N&. 71 #! H&-se Bi$$ N&. ;@61, )#s i!#$$25#sse 2 "(e Se!#"e #! "(e H&-se & Re5rese!"#"ies &! M#2 7/, 1//0 #! M#2 7;, 1//0,res5e%"ie$2.

A55r&e3 M#2 , 1//0

9S8.: FIDEL V. RAMOSPresie!" & "(e P(i$i55i!es

ra 8291 the gsis act of 1997

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