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The Government Service Insurance System ( Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined ...

The Unified Multi-Purpose ID (UMID) is a Philippine identity card which was introduced in 2010. [2] The card was developed as a single card for the relations between several government-related agencies. The agency responsible for implementation is the Social Security System (SSS), and also Government Service Insurance System (GSIS), Philippine ...

View history. In the Philippines, a government-owned and controlled corporation ( GOCC ), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.

A Filipino seafarer upon the signing of the standard contract of employment between the seafarer and the manning agency, which together with the foreign ship owner, acts as the employer; A self-employed person regardless of trade, business or occupation, with an income of at least ₱1,000.00 a month and not over sixty years old;

The average monthly Social Security benefit for November 2022 was $1,551. [4] The total cost of the Social Security program for the year 2021 was $1.145 trillion or about 5 percent of U.S. GDP. [5] Social Security is funded primarily through payroll taxes called Federal Insurance Contributions Act (FICA) or Self Employed Contributions Act (SECA).