Guide on the GSIS Unemployment Cash Benefit Amount for Members
GSIS UNEMPLOYMENT CASH BENEFIT AMOUNT – Here is a guide on the amount set under the Government Service Insurance System (GSIS) benefit based on the total contributions posted by the member.
Millions of Filipinos are members of the Government Service Insurance System. More popularly called GSIS, it is a state-run social insurance institution and its member population is most composed of individuals who have worked or are currently working in the government.
To keep their accounts updated, the members of GSIS post a monthly contribution. It depends on the amount that the member earns in a month and the source of income.
GSIS offers several loans and benefits for its member. Under the latter, one of the offers is the GSIS Unemployment Benefit for members who involuntarily lost their job due to the abolition of their office or position.
Under the said offer of the Government Service Insurance System, the GSIS Unemployment cash benefit depends on the total contributions posted the member. The cash payment is equivalent to “50% of the average monthly compensation (AMC)”.
The total contribution posted by a member is a huge factor in determining the GSIS Unemployment cash benefit duration. Here is the basis:
| Contributions Made | Benefit Duration |
|---|---|
| 1 year but less than 3 years | 2 months |
| 3 or more years but less than 6 years | 3 months |
| 6 or more years but less than 9 years | 4 months |
| 9 or more years but less than 11 years | 5 months |
| 11 or more years but less than 15 years | 6 months |
There are requirements for the GSIS Unemployment Benefit claim application. The application must be filed within four (4) years since you lost the job due to the abolition of an office or position.
Aside from the Unemployment Benefit, the Government Service Insurance System has several other GSIS benefits for its members who have active and qualified accounts.