GOVERNMENT Service Insurance System (GSIS) President and General Manager Winston Garcia is reminding agencies to submit the names of employees who will avail of early retirement.
Garcia said the names should be submitted 60 days prior to their preferred retirement date to ensure the judicious settlement of their retirement benefits.
He also said Friday that the early notification mechanism is meant to facilitate the reconciliation of the members' accounts.
Garcia said the full compliance of all agencies concerned is crucial in ensuring the success of the program, especially in meeting the GSIS's aforementioned objectives.
"The success of this activity would require the cooperation and full support of all agencies by providing us the names of their employees below 65 years old who intend to avail of early retirement," he explained.
On the other hand, Garcia said the names of employees who will retire at age 65 or the compulsory age of retirement need not be submitted since the reconciliation of their accounts shall be done 60 days prior their 65th birthday.
He added that the GSIS is prioritizing the reconciliation of premium and loan payments of prospective retirees to facilitate the timely and accurate computation of their benefits.
For further details on this program, Garcia said they have advised the authorized agency officers of different agencies to coordinate with the membership group of the GSIS. (Bong Garcia)