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Date Posted: January 28, 2014

The Government Service Insurance System (GSIS) and the Philippine Postal Corporation (PHLPOST) recently signed a memorandum of agreement which restored the GSIS benefits of close to 7,000 postal workers in the National Capital Region. Under the agreement, PHLPOST agrees to pay the sum of Php110 million representing unremitted GSIS compulsory premium contributions — both personal and government shares — from June 24, 1997 to November 30, 2012. Since July 2012, GSIS has concluded 47 agreements with the postal agency, which allowed more than 20,500 employees to be reintegrated into the full coverage of GSIS.