GSIS calls for list of early retirees
THE Government Service Insurance System (GSIS) is reminding agencies to submit the names of employees who will avail of early retirement 60 days prior to their preferred retirement date to ensure the judicious settlement of their retirement benefits.
The pension fund said the early notification mechanism will facilitate the reconciliation of the members’ accounts.
GSIS President and General Manager Winston F. Garcia said the full compliance of all agencies concerned is crucial in ensuring the success of the program, especially in meeting the GSIS’s aforementioned objectives.
On the other hand, names of employees who will retire at age 65, or the compulsory age of retirement, need not be submitted since the reconciliation of their accounts shall be done 60 days prior their 65th birthday.
The GSIS is now prioritizing the reconciliation of premium and loan payments of prospective retirees to facilitate the timely and accurate computation of their benefits.
For further details on this program, the Authorized Agency Officers of different agencies are advised to coordinate with the Membership Group of the GSIS.
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