GSIS.pptx

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1. Government Service Insurance System (GSIS)

2. OBJECTIVES Understood the role and functions of GSIS . 01 02 . Explained how th is financial institution offer financial stability.

3. The Government Service Insurance System (GSIS) is a social insurance institution in the Philippines that was established on September 1, 1936, through Commonwealth Act No. 186. It was created to provide a comprehensive and sustainable insurance program for government employees. WHEN WAS THE GSIS ESTABLISHED?

4. The GSIS operates under Republic Act No. 8291, also known as the "GSIS Act of 1997," which outlines its organizational structure, functions, and responsibilities. This law aims to ensure the financial stability of the system and enhance the social security benefits for its members. OPERATION OF GSIS

5. 1. Providing Retirement Benefits - GSIS offers retirement benefits to government employees, ensuring financial security after their years of service. 2. Life Insurance Coverage - Members are entitled to life insurance coverage, protecting their families in the event of the member's demise. ROLES AND FUNCTIONS OF GSIS

6. 3. Compulsory and Optional Insurance Programs -GSIS provides various insurance programs, both mandatory (such as life insurance) and optional (like optional life insurance and accident insurance). 4. Housing Loans - The GSIS extends housing loans to its members, supporting their home ownership goals. ROLES AND FUNCTIONS OF GSIS

7. 5. Educational Assistance - Educational assistance programs are available for members and their dependents, promoting education and development. 6. Emergency Loans - During calamities or emergencies, GSIS provides financial assistance to members through emergency loan programs. ROLES AND FUNCTIONS OF GSIS

8. 7. Investment Activities - GSIS manages funds through prudent investments, aiming to generate returns for the sustainability of the system and increased benefits for its members. ROLES AND FUNCTIONS OF GSIS

9. Understanding the historical context, legal framework, and the multifaceted roles of GSIS is crucial in appreciating its significant impact on the social security and well-being of government employees in the Philippines. CONCLUSION

10. THANK YOU THANkS