Guide on GSIS Survivorship Pension – Amount Dependent May Receive
GSIS SURVIVORSHIP PENSION – Here is a guide on how much a dependent of a late pensioner may get from the Government Service Insurance System.
The Government Service Insurance System, more commonly called as GSIS, has a lot of benefits for its members. Most of its members are working in the government or public sector in the country.
Every month, a part of the salary of a GSIS member is remitted to the social insurance institution as savings. Accumulated savings may entitle a member to several benefits offered by the social insurance institution.
One of it is the Survivorship Pension. It is in line with the pension that a retired member of the social insurance institution who reached the limit is eligible for.
Under the GSIS Survivorship Pension, it can be claimed by the primary beneficiaries or the secondary beneficiaries in case the pensioner dies. The social insurance institution recognizes that the monthly pension is an “earned right and not a privilege”.
According to GSIS, in claiming it, the primary beneficiaries are on top priority. These includes the surviving spouse of the pensioner and the legitimate children.
Legally adopted children are considered as primary beneficiaries as well. With regards to illegitimate children, the GSIS may grant the pension if the child is still a minor and “incapable of self-support” due to a defect.
According to GSIS, up to five (5) dependent children may be entitled for the pension. With regards to the amount that each will receive under the GSIS Survivorship Pension, it is 10% of the BMP.
READ ALSO: GSIS Survivorship Pension – How Much the Surviving Spouse May Get
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