Philippines · Guide
How does GSIS retirement work?
Government workers can retire from 60 with at least 15 years of service. The Basic Monthly Pension is 2.5% of revalued average pay per year, capped at 90% of average pay, as at 12 October 2026.
Key facts at a glance
- Minimum service: 15 years; compulsory retirement at 65.
- Revalued pay = Average Monthly Compensation + ₱700.
- Pension ceiling: 90% of Average Monthly Compensation.
- Option 1: 60-month lump sum, pension after 5 years.
- Option 2: 18-month cash payment plus immediate pension.
All figures correct as at 12 October 2026, sourced from the SSS, GSIS and DSWD. Next review: 1 September 2027.
Option 1 or option 2?
| Option 1 | Option 2 | |
|---|---|---|
| Paid at retirement | 60 × BMP | 18 × BMP |
| Monthly pension starts | After 5 years | Immediately |
| Suits | Large upfront need | Steady income from day one |
GSIS Retirement Pension Estimator
Compare both options.
Estimated result
₱22,312.50 a month
Option 1 pays ₱1,338,750.00 up front (5 years of pension), with the monthly pension starting after 5 years.
- Revalued Average Monthly Compensation
- ₱35,700.00
- Accrual: 2.5% × RAMC × 25 years
- ₱22,312.50
- Ceiling: 90% of your Average Monthly Compensation
- ₱31,500.00
- Basic Monthly Pension
- ₱22,312.50
- Option 1 — 5-year lump sum
- ₱1,338,750.00
- Option 2 — 18-month cash payment
- ₱401,625.00
This is an estimate based on the published rules and rates of the SSS, GSIS and DSWD, correct as at 12 October 2026. Confirm your actual entitlement with the SSS, GSIS and DSWD — your circumstances may include assessments this tool does not model.
Frequently asked questions
When can I retire under GSIS?
From age 60 with at least 15 years of service, and you must not be receiving a disability benefit. Retirement is compulsory at 65.
How is the GSIS Basic Monthly Pension computed?
BMP = 2.5% × (Average Monthly Compensation + ₱700) × years of service, but no more than 90% of your Average Monthly Compensation.
What are the two GSIS payment options?
Option 1 pays a 5-year lump sum (60 times the BMP) at retirement, with the monthly pension starting after 5 years. Option 2 pays a cash payment of 18 times the BMP plus the monthly pension immediately.
What if I have less than 15 years of service?
You receive a separation benefit or a return of premiums instead of a lifetime retirement pension, depending on your age and years of service.
Researched and fact-checked by
researches Australian retirement and social security policy full time. Not a licensed financial adviser — every figure on this page is sourced from the SSS, GSIS and DSWD or the Social Security Act of 2018 (RA 11199), RA 8291 and RA 9994 as amended by RA 11916.
Last reviewed: 12 October 2026
Figures as at: 12 October 2026
Next review: 1 September 2027
Change log: Reviewed 12 October 2026; figures checked against official sources correct as at 12 October 2026.