PAGADIAN CITY - A total of
P285 million intended for pension adjustments has been released by the
Government Service Insurance System (GSIS) to its 45,000 retirees as of February
2013 after reviving its policy in recomputing
their pension based on their first day of retirement.
Pensioners who retired on or after
September 2009 and are in active status as of payment date.are covered by the
new policy.
In a press statement, GSIS President and
General Manager Robert G. Vergara said, “the decision to adopt the payment of
proportionate pension in 2011 was based on the principle that pension is not a
privilege but an earned right.”
Engr. Leoncito S. Manuel, GSIS branch head
here said pensioners were informed of their adjusted pension through a letter
and received the amount through their eCards.
“We have 53 pensioners covered by GSIS
Pagadian Branch,” Manuel quoted.
Under the new policy, a government
employee who retired from the service effective February 15, for instance, will
be paid a portion or fraction of his or her pension covering February 15-28
apart from the monthly pension thereafter.
Previously, a retiree would start
receiving his or her pension only in March, which means losing a proportionate
pension in February.
GSIS started crediting Php212 million in
pension adjustments to 33,000 eligible pensioners last December 2011. The
second tranche, amounting to Php50 million, was credited to 8,000 retirees
in May 2012; while the third tranche of Php23 million covering 4,200 retirees
was credited from December 2012 to February 2013.
The crediting of adjustments for the
remaining 1,870 pensioners is scheduled this month. (PIA9)
