An Act Institutionalizing the Rights of Government Service Insurance System (GSIS) Members, Providing Them Additional Representation in the GSIS Board, Ensuring Prompt Payment of All Their Benefits And For Other Purposes

• Amending certain provisions of R.A. No. 8291 by institutionalizing a Members’ Rights such as: a) Right to courteous and responsive service; b) Right to information; c) Right to GSIS benefits; d) Right to expeditious processing of claims, e) Right to be heard; and, f) Special Rights for the elderly.
• Agencies with delayed remittances shall be charged a monthly interest of not more than 2%.
• Lifting of the prescriptive period in claiming of benefits.
• Granting the Regional Trial Courts (RTCs) jurisdiction over disputes concerning claims and benefits.
• Limiting the amount of GSIS funds (not more than 5%) that can be invested in the foreign market.
• Providing additional representation for the members by including the Secretary of Education and Civil Service Commissioner as members of the GSIS Board.
• Retirement benefits shall be paid to the employee on his last day of service in the government: Provided, That all requirements are submitted within 60 days prior to retirement.
• GSIS shall be liable for a monthly penalty of not more than 2% interest for failure to dispense social insurance benefits within the required period.
• Inclusion of the PGM along with the members of the Board, as liable officers for failure to dispense social insurance benefits.

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