2014 / Dec
GSIS Resolution No. 202 APPROVAL OF THE REVISED POLICY AND PROCEDURAL GUIDELINES ON PENSION ADMINISTRATION December 11, 2014
[ GSIS Resolution No. 202, December 11, 2014 ]
APPROVAL OF THE REVISED POLICY AND PROCEDURAL GUIDELINES ON PENSION ADMINISTRATION
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, toAPPROVEandCONFIRMthe 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 herebySUPERSEDED.
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 |