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).

purchase online in the best USA pharmacy https://www.parschauer.com/wiki-store/buy-doxycycline-online-usa/ no prescription with fast delivery drugstore

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.

purchase online in the best USA pharmacy https://www.parschauer.com/wiki-store/buy-elavil-without-prescription/ no prescription with fast delivery drugstore

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

Lifestyle2 weeks ago

When Family Ties Break: Learning to Live With Estrangement

There was a time when the idea of becoming estranged from your own family seemed almost unthinkable. Family was family....

Headline4 weeks ago

A Day In My Life

There was a time when I thought a fulfilling life had to be busy to be meaningful. Now, I think...

Headline1 month ago

Letting Go with Love

There is a particular kind of heartbreak that comes with watching your child grow up. It isn’t the heartbreak of...

Headline2 months ago

Living With Anxiety: The Invisible Weight We Carry

There are illnesses we can see, and then there are the ones we learn to hide. Anxiety is often one...

Headline3 months ago

The Art of A Slow Weekend

We live in a world that glorifies being busy. Some people wear exhaustion like a badge of honour. Calendars are...

Headline3 months ago

Why We Chose an Intimate Wedding — And Why More Couples Are Doing the Same

Every wedding anniversary takes me back to one of the most magical days of our lives and reminds me why...

Headline3 months ago

Celebrating Turning 58

Birthdays have a way of making us pause—not to count the years we’ve lived, but to appreciate the countless blessings...

Lifestyle4 months ago

The Painful Reality of Losing Someone

Recently, I experienced the painful reality of losing someone through others. One friend lost her fiancé to death, while another...

Headline4 months ago

The Sobering Reality of Growing Old

Growing old brings a sobering reality: time is finite.  You watch your body slow down, see your parents age, and...

Lifestyle5 months ago

Dr. David Suzuki’s Legacy: A Celebration at 90

Celebrating Dr. David Suzuki’s 90th birthday on Friday, May 22  was a true privilege and a great pleasure! My husband,...