Guide on GSIS Employees Compensation Funeral Benefit Amount for Beneficiaries
GSIS EMPLOYEES COMPENSATION FUNERAL BENEFIT – Here is a guide on how much beneficiaries of a private sector worker may get.
In the Philippines, most government employees are members of the Government Service Insurance System (GSIS). It is a social insurance institution that can help members in times of financial needs.
To be a member of the GSIS, an application for membership must be filed and there is a monthly contribution set for the members. Accumulated contributions can make a member eligible to avail the benefits and the GSIS loans offered by the government agency.
One of the GSIS benefits is the employee compensation benefit. It “is a compensation package for public and private sector employees and their dependents in the event of work-related injury, sickness, disability or death.”
The government agency has set qualifications in availing it. To check on these conditions set, you may visit – GSIS EMPLOYEES COMPENSATION BENEFIT – Who May Apply For It.
With regards to the beneficiaries, GSIS has also clarified who are considered beneficiaries under this benefit offer. To check on it, feel free to visit – GSIS Employees Compensation Benefit – Who Are Considered Beneficiaries.
One of the benefits under this package is the GSIS Employees Compensation Funeral Benefit. For the private sector workers, the beneficiaries originally receives Php 10,000.00.
In 2014, then President Benigno “Noynoy” Aquino III has increased the GSIS Employees Compensation Funeral Benefit to Php 20,000.00 for the private sector workers.
To check on the full list of benefits under this package, you may visit – GSIS EMPLOYEES COMPENSATION BENEFITS – Full List of Benefits.
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READ ALSO: GSIS BENEFITS – How To Apply For It Through “GTAP”
