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As election draws near, GSIS reminds outgoing gov’t officials on limited loan privileges

Date Posted: May 7, 2019

State pension fund Government Service Insurance System (GSIS) has announced that it will limit the loan privileges of government officials and employees whose term of office will end by June 2019.

“As the nationwide election comes closer, GSIS is also implementing measures to put in check the membership records and loan accounts of concerned members. Over 30,000 confidential, coterminous, appointed, and elective employees whose term of office expires in June will not be qualified to avail of GSIS loans,” GSIS President and General Manager Jesus Clint O. Aranas said.

He explained that after the elections, however, GSIS will immediately restore the loan privileges of reappointed and reelected officials or employees once their respective agency heads update the pension fund on the status of their employment.

“Prompt notice from concerned agency authorized officers is crucial to ensure the correct tagging of members’ records in the GSIS database,” Aranas said.

Not included in the restrictions are those coterminous, confidential, appointive employees and elective officials whose tenure of office will not end on June 30.

GSIS is offering various loan programs to assist active members with their financial needs, which include Enhanced Consolidated Salary Loan (Conso-Loan) Plus, Policy Loan, Enhanced Emergency Loan, and the GSIS Financial Assistance Loan (GFAL) for teaching and nonteaching personnel of the Department of Education.

For inquiries, members may visit the GSIS website, www.gsis.gov.ph, or Facebook account, @gsis.ph; email gsiscares@gsis.gov.ph; or call the GSIS Contact Center at 847-4747 or 1-800-8-847-4747 (for Globe [free with minimum Php8.00 load] and TM subscribers) or 1-800-10-847-4747 (for Smart, Sun, and Talk ’N Text subscribers; Php8.00/call).