GSIS Discontinuance of Processing and Adjudication of Retirement Claims Under RA 1616

February 2, 1998 REVENUE MEMORANDUM CIRCULAR NO. 06-98 TO : All Assistant Commissioners and Regional Directors SUBJECT : GSIS Discontinuance of Processing and Adjudication of Retirement Claims Under RA 1616 For the guidance of all Revenue Officials, quoted hereunder is a Memorandum dated November 14, 1997 of the Senior Vice President, Social Insurance Group, GSIS, Pasay City: "November 14, 1997 "MEMORANDUM "FOR : All Heads of Departments, Agencies, Constitutional Offices, The Supreme Court of the Philippines, The President of the Senate, The Speaker of the House of Representatives, Corporate Heads of Government Financing Institutions, Government Owned or Controlled Corporations, Local Government Units, Chiefs of Bureaus/Offices "Please be advised that effective January 1, 1998, the System shall no longer accept and/or process retirement applications under RA 1616 pursuant to Sec. 49(b) of RA 8291, the pertinent provisions of which is quoted hereunder: "Sec. 49(b). The GSIS shall discontinue the processing and adjudication of retirement claims under RA 1616 except refund of retirement premiums and RA 910. Instead, all agencies concerned shall process and pay the gratuities of their employees. . . ." "It is further advised that payment of the refundable retirement contributions ( personal share with interest and the government share ) to the retiree shall be effected upon receipt by this office of the following: 1. Certified Copy of the Approval Letter 2. Updated Service Record (indicating the inclusive period of leave of absence with or without pay, if any) 3. Office Clearance regarding money & property accountabilities. 4. Statement of Assets & Liabilities as of date of retirement 5. Certification that there is no pending administrative and/or criminal case 6. Ombudsman Clearance "A GSIS Clearance should first be secured before payment of the retirement gratuity is made to the retiree concerned. Please be guided accordingly. cdll LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue