Revised Policy Allowing Change in Retirement Date, Retirement Mode, and Retirement Benefit Option under Republic Act No. 8291 and Presidential Decree No. 1146

July 19, 2018 DOF MEMORANDUM FOR : Heads of Offices This Department Heads of Bureaus/Attached Agencies Department of Finance SUBJECT : Revised Policy Allowing Change in Retirement Date, Retirement Mode, and Retirement Benefit Option under Republic A ct No. 8291 and Presidential Decree N o. 1146 With reference to the approved Government Service Insurance System (GSIS) Board Resolution No. 47 (BR No. 47) dated 13 March 2018 on the above-captioned subject, the following are among the salient provisions of BR No. 47: HTcADC Subject to conditions, retired members under RA 8291 may convert to any GSIS retirement mode, retirement option, retirement benefit, provided that retirement proceeds have not yet been credited to the member's account nor check received by the member or his authorized representative. BR No. 47 also allows retirees under PD 1146, who are qualified to receive future payment, to request for change in retirement mode and option (from 5-year lump sum to immediate pension and vice versa) so they can fully enjoy the benefit package they deem most favorable to them. Attached for information and guidance is a copy of GSIS Memorandum Circular No. 001-BR-47-18 Series of 2018 on the above-captioned subject. (SGD.) ALVIN P. DIAZ Director IV, CAO ATTACHMENT GSIS Memorandum Circular No. 001-BR-47-18 July 5, 2018.