GSIS Forum: Retirement and other Social Insurance Benefits for BARMM Employees
Several employees of the Bangsamoro Ministry of Public Works (MPW-BARMM) participated in the series of Pre-retirement Seminar conducted by the Government Service Insurance System (GSIS) in connection with the transition phasing-out plan. The Seminar aims to provide a clear understanding of various benefits and retirement options that the employees are entitled to receive under the law.
Employees of MPW-BARMM Regional and district Engineering Office (DEO) were scheduled on two different dates in Cotabato City to ensure that all queries will be entertained:
• Regional Office – September 27, 2019 (MPW-BARMM Conference Room, BARMM Compound)
• Maguindanao 1st DEO – October 3, 2019 (Mag 1st DEO Conference Room, PC Hill)
For those who are separated from the service due to reorganization, abolition of position or redundancy, they may apply for Unemployment Benefits and will be compensated from 2 to 6 months depending on the length of service. This will provide them benefits while re-applying or looking for a new job.
The separation benefit can be applied by those who are 60 years old or less but already 15 years in service. If the retiree is not yet 60 years old by the time they retired, they would have to wait until they are 60 years old before they can apply for a separation benefit. All these benefits are prescribed to be applied within four years after being separated to give the GSIS members ample time to think of the retirement mode that they want to choose.