Government Service Insurance System

The Government Service Insurance System (GSIS; ) is a government-owned and controlled corporation (GOCC) in the Philippines that serves de jure government employees. Established by Commonwealth Act No. 186 and Republic Act No. 8291 (the GSIS Act of 1997), the GSIS is a social insurance institution that provides a defined benefit scheme. It insures its members against specific contingencies in exchange for monthly premium contributions.

GSIS members are entitled to a range of social security benefits, including life insurance, separation or retirement benefits, and disability benefits.

The GSIS also administers the General Insurance Fund under Republic Act No. 656 (the Property Insurance Law), providing insurance coverage for government assets and properties in which the government holds insurable interests.

Non-government employees and self-employed individuals, including those working for the government de facto but not de jure (e.g., "job order" (JO) and "contract of service" (CoS) workers), as well as non-working persons, are not eligible for GSIS membership. Instead, they may be covered by the Social Security System (SSS). Government employees may also voluntarily enroll in the SSS at their own expense, in addition to their GSIS membership.

Legislation

Coverage

The GSIS covers all government workers except:

Old GSIS Headquarters Building

The Government Service Insurance System Building, built in 1952 in Arroceros (near SM Manila, the previous location of the YMCA Building) was one of the first of the new buildings programmed for the New Republic to be completed. Designed by Federico Ilustre, the structure's character stand at the intersection between neoclassical and modern aesthetics. As a transitional style for government architecture, its façade generated a series of ascending fluted pillars that had neither bases nor capitals to express a stripped and simplified modern stye, yet, at the same time, it has the character of classical massings and proportions. The corner of the building had been rounded, forming a corner tower with three vertical bays of windows ascending from the entrance canopy. To the left of this corner tower, a flat wall was fenestrated with vertical louvers and pierced screen insets. The elevation in the other corner was defined by horizontal bands of windows and concrete planes.[2]

The GSIS building used to house the main office of the then Ministry of Education, Culture and Sports, and of the Office of the Ombudsman. Some of its outer rooms currently house the office of city election officers and several branches of the metropolitan trial court.[3]

This heritage building, right behind Manila City Hall, is being targeted for demolition, in violation of the law on heritage. The owners have been asked by Manila City Hall when they were going to demolish this Federico Ilustre landmark.[4]

Coconut Manila had asked James Jao, the architect and London School of Economics-trained urban planner on the plan for rescuing the built heritage structure. "This building can be gentrified into a mixed-use development. By retaining the existing structure, it can be the podium of a high-rise building behind including an atrium... The existing GSIS Building can host upscale retail shops and some restaurants, with a lobby/reception on one side for the hotel or condominium (office or residential). This approach can complement the existing SM City mall. An underground walkway can connect both the GSIS and SM," he responded.[5]

native name	Paseguruhan ng mga Naglilingkod sa Pamahalaan
type	Government-owned and controlled corporation (GOCC)
industry	Insurance
founded	November 14, 1936
founder	Commonwealth of the Philippines
hq location	GSIS Building, Financial Center, Diokno Boulevard
hq location city	Pasay
hq location country	Philippines
key people	Juliet M. Bautista (Officer in Charge President, General Manager, and Acting Chairman)
services	Government employee insurance
revenue	₱311.3 billion‡R1R‡
revenue year	2023
net income	₱113.3 billion‡R1R‡
net income year	2023
assets	₱1.7 trillion‡R1R‡
assets year	2023
equity	₱606.5 billion‡R1R‡
equity year	2020
website	http://www.gsis.gov.ph

Government Service Insurance System

Legislation

Coverage

Benefits and Services

Organization

Old GSIS Headquarters Building

Computerization

Database crash

UMID

Investments

See also

External links

References