The Government Service Insurance System (GSIS) has allotted P893 million as cash dividends last year to be given to its eligible members after the system again recorded earnings from its life insurance fund in 2008.
“This is a result of the reforms we have initiated which required the prudent management of GSIS funds, in line with the vision of President Arroyo,” GSIS president Winston Garcia said.
The earnings in life insurance are principally derived from two sources: investment income and mortality gains or savings.
All active members including the members of the Judiciary and constitutional offices whose life insurance coverage have been in force for at least one year as of Dec. 31, 2008 and are still active as of the declaration date are entitled to 2009 GSIS cash dividends.
In addition, active members issued with Life Endowment Policy (LEP) or with new or converted Enhanced Life Policy (ELP) will be entitled to cash dividends provided their policies have been in force for at least one year as of Dec. 31.
Active members whose LEP matured after Dec. 31, 2008 and who were issued a renewal policy under the ELP will also be entitled to the 2009 cash dividends based on their LEP. Active members who opted to convert their LEP to ELP after Dec. 31, 2008 will also be entitled based on their LEP.
On the other hand, those with lapsed policies in calendar year 2008 up to the declaration date are not entitled to receive the 2009 GSIS cash dividends.
In addition, those with terminated policies due to retirement, maturity, and separation in calendar year 2008 up to the declaration date and active members who have defaulted in their Consoloans and salary loans for at least 12 months and/or have unpaid premiums for at least 12 months as of declaration date will not receive the dividends.
The 2009 GSIS cash dividends were disbursed through the savings account of the members’ eCard Plus. –Daily Tribune
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
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30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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