GSIS Resolution No. 202, December 11, 2014

[ GSIS Resolution No. 202, December 11, 2014 ]

APPROVAL OF THE REVISED POLICY AND PROCEDURAL GUIDELINES ON PENSION ADMINISTRATION

Adopted: 11 December 2014 Date Filed: 26 January 2015

WHEREAS, the Board issued Resolution No. 45 dated 23 May 2013 approving the Policy and Procedural Guidelines on Pension Administration (PPG No. 229-13);

WHEREAS, the Legal Services Group, in its Memorandum dated 8 April 2014, opined that the claim of GSIS for pension overpayment should be made against the estate of the deceased, and not against the benefits accruing to a surviving spouse who happens to be a regular member of the GSIS (i.e. dual role member) since they have separate and distinct legal personalities with respect to employment and the respective benefits arising therefrom;

WHEREAS, there is a need to review the existing policies on the recovery of pension overpayments and outstanding receivables of deceased pensioners;

RESOLVED, to APPROVE and CONFIRM the Revised PPG on Pension Administration, as proposed by the Senior Vice President, NCR Operations Group in her Memorandum dated 9 December 2014;

RESOLVED FURTHER, that Board Resolution No. 45 dated 23 May 2013 is hereby SUPERSEDED.

A copy of the Revised PPG on Pension Administration [*] is made an integral part of this Resolution.

CERTIFIED CORRECT:

(SGD) ATTY. MARIA THERESA ABESAMIS-RAAGAS Corporate Secretary

Confirmed:

DANIEL L. LACSON, JR. (on leave) Chairman

(SGD) ROBERT G. VERGARA Vice-Chairman

(SGD) KARINA CONSTANTINO-DAVID Trustee

(SGD) GREGORIO T. YU Trustee

(SGD) ROMAN FELIPE S. REYES Trustee

(SGD) MARIO J. AGUJA Trustee

(SGD) ELISEA G. GOZUN Trustee

(SGD) ROMEO N. ALIP Trustee

(SGD) GERALDINE MARIE BERBERABE- MARTINEZ Trustee

FRANCISCO T. DUQUE III (on leave) Trustee

[*] Text Available at the Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City.