GSIS resumes benefits of pensioners affected by EPIRA

The Government Service Insurance System (GSIS) today said it will resume the payment of monthly retirement and pension benefits of more than 1,500 pensioners affected by the “Electric Power Industry Reform Act (EPIRA) of 2001”. This developed after the release of an En Banc Decision of the Supreme Court on the case of Enrique U. Betoy vs. The Board of Directors, National Power Corporation (04 October 2011, G.R. Nos. 156556-57) and a letter from the Commission on Audit lifting its previous notice of disallowance, which remove any legal impediment to the payment by the pension fund of these benefits. “We...

GSIS cuts interest rate for Emergency Loan

The Government Service Insurance System (GSIS) today announced that the current governing board reduced the interest rate for Emergency Loan from eight percent to six percent and would no longer charge a one percent service fee for the loan. “This is part of the current effort of the Board and Management to make our policies and programs more responsive to our members especially at a time they need it most,” GSIS President and General Manager Robert G. Vergara said. Under the GSIS Emergency Loan program, each eligible member can borrow P20,000, payable in three years in equal monthly installment. The...

GSIS grants emergency loan to members in Bulacan and Bacoor

Eligible members of the Government Service Insurance System (GSIS)  residing and/or working in the province of Bulacan; in Bacoor, Cavite; and Agno, Pangasinan who were severely affected by typhoon “Falcon” can still apply for emergency loans until September 24, Saturday, according to  Robert G. Vergara, President and General Manager. “Members can apply through the GWAPS kiosk using either their eCard or their UMID eCard.   Those who do not have these cards but who are eligible to apply for the loan can apply over-the-counter (OTC),”  Vergara said. Proceeds of emergency loan applications filed via OTC will be credited to a...

GSIS expands partnership with LBP to cover active members

The Government Service Insurance System (GSIS) announced that beginning August this year, its more than 1.4 million members may already choose to have their loan proceeds and other benefits credited to a UMID (Unified Multi-Purpose Identification) eCard issued by the Land Bank of the Philippines. By choosing LANDBANK as servicing bank, GSIS members would be able to benefit from LANDBANK’S wide network covering 327 branches and more than 900 ATMs nationwide. With a LANDBANK-issued UMID eCard, members can withdraw their loan proceeds and other benefits in any Expressnet, Bancnet or Megalink ATM nationwide. LANDBANK-issued UMID eCards also serve as a...