GSIS to provide loans for El Niño, rabies victims in 13 areas

Ian Nicolas P. Cigaral - @inquirerdotnet 05/15/2024

MANILA — Members and pensioners in 13 areas nationwide that are affected by the El Niño weather phenomenon and rabies, which is a common health concern during the dry season, can avail of the emergency loan program…

GSIS profit in Q1 soars to P37 billion

04/25/2024

MANILA, Philippines — The Government Service Insurance System (GSIS) increased its profit by 21 percent in the first quarter compared to last year, thanks to better investment earnings in important sectors. The pension fund for government employees announced…

GSIS: P6B emergency loan budget for 2023 to assist members affected by calamity

John Eric Mendoza - Reporter / @JEMendozaINQ 05/27/2023

MANILA, Philippines — The Government Service Insurance System (GSIS) has allotted P6 billion this year as an emergency loan budget to assist members and pensioners who may be affected by calamities. The state insurance company has disclosed…

Pensions: Gray and grayer

Michael L. Tan - @inquirerdotnet 05/09/2023

Finance Secretary Benjamin Diokno has sounded the alarm on “unsustainable” pensions for our military and other uniformed personnel (MUP), warning of an imminent fiscal collapse if reforms are not initiated soon. The MUP includes the Armed Forces…

Pimentel appeals for adjustment in GSIS rule on pension eligibility

Zacarian Sarao - Reporter / @zacariansINQ 02/26/2023

MANILA, Philippines — Senator Aquilino “Koko” Pimentel on Sunday called for a change in the policy for availing pensions by retired local officials and their staff who did not meet the 15-year minimum service requirement of the…

Bill on lower optional retirement age for gov’t workers passes 2nd reading

Gabriel Pabico Lalu 01/26/2023

MANILA, Philippines — A bill seeking to lower the optional retirement age for government workers from 60 to 56 was approved by the House of Representatives, voting viva voce, on second reading on Wednesday, January 25, 2023.…

House panel passes key amendments to Maharlika fund, including penal provisions

Gabriel Pabico Lalu 12/13/2022

MANILA, Philippines — A panel from the House of Representatives on Monday approved several amendments to the proposed Maharlika Investment Fund (MIF), including penal provisions that would prescribe jail time and fines for officials who violate investment…

Apir and proof of life

Michael L. Tan - @inquirerdotnet 10/25/2022

I first got my GSIS (Government Service Insurance System) retirement pension after I turned 65 in 2017. At that time, I opted to get a five-year lump sum since I was still serving as UP Diliman chancellor…

GSIS intensifies move to shift to digital services

Futch Anthony Inso 09/16/2022

LAPU-LAPU CITY, Philippines — The Government Service Insurance System (GSIS) has intensified its campaign to digitalize its services. Jose Arnulfo Veloso, president and general manager of GSIS, said that they were intensifying the campaign to give the…

GSIS president: Agency has enough funds to last for 31 years

Futch Anthony Inso 09/15/2022

LAPU-LAPU CITY, Philippines — The Government Service Insurance System (GSIS) has enough reserves and fund life which will last for 31 years. This was stated by GSIS President and General Manager Jose Arnulfo Veloso during his visit…

COA to Cebu City: Remit P43M to BIR, GSIS, PAG-IBIG, Philhealth

Delta Dyrecka Letigio 07/09/2020

CEBU CITY, Philippines — The Commission on Audit (COA) has asked the Cebu City government to remit the P43,156,394.00 funds withheld in 2019 due to the Bureau of Internal Revenue, Government Service Insurance System (GSIS), PAG-IBIG Fund,…

COA flags ‘delayed’ remittance of contributions for Daanbantayan employees

Rosalie O. Abatayo 06/22/2020

CEBU CITY, Philippines — State auditors have flagged down a supposed “non-prompt and inaccurate” remittance of statutory benefits for employees of the municipality of Daanbantayan for the year 2019. In its 2019 audit report, the Commission on…

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