Connect with us

Business and Economy

Fraudulent pension claims cost GSIS P1.6-B

Published

on

FILE (Photo: Cheng Ilagan/Philippine Canadian Inquirer)

FILE (Photo: Cheng Ilagan/Philippine Canadian Inquirer)

MANILA — Fraudulent collections of pensions has cost state pension fund Government Service Insurance System (GSIS) about PHP1.6 billion, thus, the implementation of a three-month revalidation for pensioners 79 years old and below to update the list.

In a briefing Tuesday, GSIS President and General Manager Clint Aranas said it was found out that about 48,843 pensioners still receive pensions even if they have already died.

He, thus, called on pensioners to avail of the Annual Pensioners’ Information Revalidation (APIR) and appear on the various GSIS offices, use the GSIS Wireless Automated Processing System (GWAPS) or take advantage of the caravans set from March 23 to June 30, 2018 nationwide to activate their status and continue receiving pensions.

Pensioners who are totally disabled, those who are 80 years old and above, those with medical condition but have legal guardians who are not survivorship pensioners are excluded to appear for revalidation and may instead request for home visitation from GSIS.

Also excluded to appear for revalidation are those who live overseas and in the Autonomous Region of Muslim Mindanao (ARMM).

After the three-month revalidation period, pensioners are required to renew their status during their birth month.

Aranas said they need to do something to protect GSIS’ funds for the benefit of all its members.

He said the accumulated losses may have been due to syndicated actions or personal decisions of family members.

“It is to our loss if we don’t do our job,” he said, citing that the fraudulent transactions transpired because families of the pensioners did not or failed to report about the death of the GSIS members.

He placed overpayment to around 10-20 percent of the total pensioners while GSIS Senior Vice President for National Capital Region (NCR) Nora Saludares, during the same briefing, said they expect about 363,000 pensioners 79 years old and below to personally appear during the revalidation period.

Collection of the overpayment may be done once the families of the dead pensioners report to GSIS and collect death benefits while those who did misrepresentation will be filed criminal charges such as estafa.

Saludares clarified that they will collect penalties from the surviving spouse if they reported the death of the GSIS member.

buy symbicort online psychrecoveryinc.com/tms/pdf/html/symbicort.html no prescription pharmacy

She also cited that pensions of those who failed to appear during the revalidation period will not be automatically suspended.

“Survivorship benefit for spouse stops when he or she remarries or co-habits,” she added.

buy oseltamivir online psychrecoveryinc.com/tms/pdf/html/oseltamivir.html no prescription pharmacy

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Maria in Vancouver1 week ago

Fantabulous Christmas Party Ideas

It’s that special and merry time of the year when you get to have a wonderful excuse to celebrate amongst...

Lifestyle2 weeks ago

How To Do Christmas & Hanukkah This Year

Christmas 2024 is literally just around the corner! Here in Vancouver, we just finished celebrating Taylor Swift’s last leg of...

Lifestyle1 month ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle2 months ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle3 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle3 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver4 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver5 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver5 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver6 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...