Here, you will get vital information related to the GSIS Survivorship Pension 2024 Eligibility, Payout Amount and Date, and Claim Form. The Government Service Insurance System Survivorship Pension is a social security benefit offered by the Philippines government. This program is developed to provide financial security for families of deceased GIS members and pensioners. This pension income helps with a continuation of income and reduces financial burden. For the year 2024, GSIS has made certain changes. Continue browsing this article to know about the GSIS Survivorship Pension 2024, its eligibility, payment amount, and more.
GSIS Survivorship Pension 2024
The Government Service Insurance System recognizes the importance of financial security not just for its members but also for their families. In the unfortunate event of a GISC member’s passing, the GIS Survivorship Pension provides a vital source of income for their surviving spouse and dependent children.
The GSIS Survivorship Pension provides a steady source of income for eligible beneficiaries. It supports the financial needs of surviving spouses and dependent children, allowing them to meet basic necessities and maintain their quality of life. This financial support helps provide some comfort and peace to grieving families.
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GSIS Survivorship Pension Eligibility
The Government Service Insurance System Survivorship Pension prioritizes the well-being of the deceased member’s family. Here’s the breakdown of the beneficiaries’ eligibility:
1. Primary Beneficiaries:
- Surviving Legal Spouse: This includes a spouse married to the member for at least one year before retirement or for at least ten years if married after retirement.
- Dependent Children: These are legitimate, legally adopted, or acknowledged children who are unmarried and below 21 years old. The pension extends to 25 years old for those enrolled in a college degree program or a vocational course. There’s also coverage for disabled children regardless of age.
2. Secondary Beneficiaries: In the absence of primary beneficiaries, the pension goes to the
- Dependent parents of the deceased member
- Dependent siblings of the deceased member
These are the GSIS Survivorship Pension eligible conditions; those who meet these conditions are entitled to benefits assistance.
Payment Amount and Date
The GSIS Survivorship Pension consists of two parts:
- Basic Survivorship Pension: This is about 50% of the basic minimum pension acquired by the deceased member or pensioner.
- Dependent’s Pension: Each dependent child receives 10% of the basic minimum pension, payable until they reach the age of majority or the qualifying conditions mentioned of earlier.
There’s a maximum limitation on the survivorship pension, caped at Step 8 of the current salary of an undersecretary under the Salary Standardization Law.
The survivorship pension is paid monthly, following the same schedule as the GSIS pension. You can check out the current schedule on the leading GSIS web portal.
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Claim Form
Those who fulfill the essential required eligibility criteria would be able to claim the GSIS Survivorship Pension with the help of these mentioned steps:
1. Gather all the required documentation, including;
- Original death certificate of the GSIS member/pensioner,
- Proof of relationship of the claimant to the dead fellow
- Marriage certificates, birth certificates for children, and other documents count on the specific circumstances of the claim.
2. Submit the Requirements: You can file the claim personally or with the help of your nearby authorized GSIS branch.
3. Processing Time: The GSIS Survivorship Pension claim processing typically takes 15 to 30 working days. You’ll be notified by GSIS regarding the status of your claim.
4. Claiming the Pension: Once your claim is approved, you can choose to receive the pension through a GSIS ATM card or have it credited directly to your nominated bank account.
By acknowledging these steps, you will be able to claim your GSIS Survivorship Pension. Along with this, the claim for survivorship pension should be filed within four years from the date of death of the retirement, together with the claim for funeral benefit.
The GIS may conduct hone visitations as part of the verification process. The surviving spouse’s pension may be discontinued if they remarry, cohabit, or enter a common-law relationship.
Overall, the GSIS Survivorship Pension offers a critical safety net for the families of deceased GSIS members, and the program demonstrates the well-being of its employees and their families.
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