Teachers’ group sees less than P100 dividend from GSIS as huge insult

  • A teachers’ group expressed dismay over the two-digit cash dividend deposited to teachers’ bank accounts by GSIS
  • Teachers Dignity Coalition said it would raise the matter to Congress once the session resumes this January
  • An educator from CALABARZON was saddened after receiving P24 cash benefits from the insurance system

A teachers’ group expressed dismay over the less than P100.00 deposited to school educators’ bank accounts as dividend from the Government Service Insurance System (GSIS). They say, the amount is a “grave insult” for it is not even enough to withdraw from an ATM.

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As per the GSIS Law (Republic Act 8291), dividends or cash benefits are the supposed annual gains given to members of the government insurance and is dependent on the financial performance of its Social Insurance Fund.

Teachers Dignity Coalition, in a press release posted on Sunstar, said teachers were happy when the GSIS announced last December 26, 2019, that they will distribute a total of P174-million cash benefits to their members this year but most were surprised to learn that dividends were only two digits.

They conducted a survey through their Facebook page re the dividend and confirmed many received below the amount eligible for bank transaction.

The group said, “For this, we would like to ask the GSIS how did they come up with such amount? What formula did they use to compute the cash benefits given to teachers?

“Finally, would they be willing to disclose the amount of bonuses and dividends the GSIS officials and employees received this year?”

Image by Teachers’ Dignity Coalition via FB

The Teachers Dignity Coalition said it would raise the matter to Congress once the session resumes this January and ask allies to conduct an inquiry on “the sentiments of the biggest contributors to the fund.”

According to Inquirer, Grade 4 Teacher Sheryl Capina from CALABARZON received only P24.00. She was “saddened and dismayed” by the cash benefit she received.

Image by Teachers’ Dignity Coalition via FB