BIZ BUZZ: Enhanced retirement benefits for UP doctors
The Government Service Insurance System (GSIS), the state-run pension fund for government workers, will enforce a “groundbreaking policy change” enhancing the retirement benefits for medical professionals at the University of the Philippines (UP).
And considering the sacrifices of our medical front-liners during the pandemic, we’d say that the move is very timely.
The policy shift will specifically seek to address a longstanding concern of UP doctors who serve in dual capacities by recognizing the combined service hours of part-time medical professionals.
Under Board Resolution No. 88 of the GSIS, part-time professors at UP College of Medicine who also work as medical specialists at the Philippine General Hospital without compensation—or vice versa—will now have all their service hours counted toward their total length of government service for retirement benefits.
“This policy change reflects our commitment to recognize the full value of service that our members provide to the nation,” GSIS President and General Manager Wick Veloso said.
“By including previously unrecognized hours in their government service computation, we are acknowledging their true contributions to our country’s healthcare and education systems,” Veloso added.
