State-run pension fund Government Service Insurance System (GSIS) has increased its funeral benefit by two-thirds to ₱50,000 from ₱30,000, providing greater financial assistance to families of deceased government workers and qualified pensioners.
In a statement on Monday, July 13, GSIS said the higher benefit will apply to all claims arising from deaths occurring on or after July 13.
GSIS President and General Manager (PGM) Wick Veloso said the increase would help ease the financial burden on bereaved families.
“Every family deserves support and dignity when they lose someone they love. Raising the funeral benefit to ₱50,000 means the GSIS stands beside our members’ families at the exact moment they need us most,” Veloso said.
According to GSIS, it provides funeral assistance to around 21,000 to 25,000 families nationwide every year. To support the higher benefit, it will allocate as much as ₱1.25 billion annually.
The funeral benefit is available to qualified active members, separated members entitled to future separation or retirement benefits, old-age pensioners, retirees who opted to retire under Republic Act (RA) No. 1616 despite being eligible for pension under RA 8291, and members who retired under RA 1616 before RA 8291 took effect, provided they had rendered at least 20 years of government service.
GSIS said the funeral benefit is a one-time payment of ₱50,000 payable to a single qualified beneficiary or claimant.
The benefit will be paid based on the following order of priority: the legitimate spouse; the legitimate child who paid the funeral expenses; or, in the absence of both, any person who can present sufficient proof of having shouldered the funeral expenses.
Claimants must submit the prescribed documentary requirements, including the deceased member’s death certificate, a valid government-issued identification card, and other supporting documents depending on their relationship to the member. Non-spouse claimants must also provide proof that they paid the funeral expenses.
GSIS said the increase forms part of the Marcos Jr. administration’s commitment to the welfare of public sector workers, pensioners, as well as their dependents, consistent with the Bagong Pilipinas agenda and the President’s eight-point socioeconomic agenda.