Filing of Refund for GSIS Memorial Planholder

August 12, 2013 BLGF MEMORANDUM CIRCULAR NO. 081-13 TO : All BLGF Central and Regional Directors of this Bureau SUBJECT : Filing of Refund for GSIS Memorial Planholder For the information and guidance of all concerned, attached is a copy of the Memorandum from the Department of Finance dated July 29, 2013 regarding the above subject. SaCIDT The Central and Regional Directors of this Bureau are hereby instructed to take note of the above and disseminate the contents to all Bureau Staff. Please be guided accordingly. (SGD.) ATTY. SALVADOR M. DEL CASTILLO OIC-Executive Director ATTACHMENT Department of Finance July 29, 2013 Memo for : Heads of Offices This Department Heads of Bureaus/Attached Agencies Department of Finance From : Director Lourdes Z. Santiago Subject : Filing of Refund for GSIS Memorial Planholder Attached for information and guidance is a copy of GSIS Advisory dated July 10, 2013 on the above-captioned subject. (SGD.) LOURDES Z. SANTIAGO Director IV Central Administration Office GSIS memorial planholders may file for refund until August 31 The Government Service Insurance System (GSIS) memorial planholders have until August 31, 2013 to request to convert their plans to cash not lower than the contract price. Dubbed GSIS Enhanced Optional Exit Mechanism (EOEM), the program allows planholders to refund their cash payments depending on the type of their memorial plan. The GSIS said EOEM is being implemented to protect the planholders from memorial servicing problems that may arise in the future, adding that the cash refund will enable the planholders to pay for their other expenses. Holders of the GSIS Genesis Flexi Plan may refund 150 percent of the plan's contract price; those of Genesis Plus Plan may refund 125 percent; and Genesis Plan and Genesis Special Plan, 100 percent. Interested planholders must bring to the nearest GSIS branch office the fully accomplished application form; original and photocopy of the memorial plan agreement or affidavit of loss; original and photocopy of the planholder's two valid government-issued IDs; and certificate of full payment, if any. DICcTa