“must-have provisions” proposed by the GSIS is to use the total length of service (TLS) in determining eligibility to benefits but use the record of creditable service (RCS) in determining the amount of benefits to be given the member.
Rep. Tinio objected to the proposal, saying that it practically enshrines in the law the widely deplored Premium Based Policy implemented by GSIS since the reign of PGM Winston Garcia. Basing the amount of benefits members should receive would mean that GSIS’s system failures or losses (such as errors in posting of remittances or updating of records) will still be borne by innocent members, a policy totally in violation of the intent and purpose of the GSIS Law and expressly stated in Section 8 of RA 8291 or the government guarantee (“Hindi kami makapapayag doon”). The GSIS is given enough powers to run after accountable officials of agency employers, should there be any unremitted amount, but in no case should the member be punished by slashing their benefits or making them pay for loans they did not apply or have long since paid.
Representative from the the teachers sector Mrs. Joselyn Martinez ACT National Council, Ms. Cristy Manalo PPSTA NCR Pesident and Mr. Benjie Valbuena Manila Public School Teahers Assoc. (MPSTA) President and ACT Vice Chairperson.
Representative from Department of Education—National Employees Union (DepEd-NEU) Atty. Domingo Alidon.