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GSIS top execs update members, pensioners on key programs
GSIS top execs update members, pensioners on key programs

Date Posted: March 29, 2019

Watch the interview of PGM Clint Aranas and VP for Corporate Communications Margie Jorillo at SKY Cable Bacolod’s longest-running public affairs program, TRANSPARENCY, hosted by Mr. Mike Maghari.

Bacolod City. “We are here to bring our services closer to our members and pensioners.”

This was the statement of Government Service Insurance System (GSIS) President and General Manager Jesus Clint Aranas before a crowd of more than 200 attendees including members, pensioners and heads of teachers and retirees’ organizations.

Aranas said that the GSIS Board and Management will hold more and frequent dialogues with stakeholders “to personally listen to their issues and concerns, which can serve as inputs for enhancing programs and improving service delivery.”

Since 2017, GSIS has implemented several programs to ensure greater sustainability of the fund. These include the restoration of the Annual Pensioners Information Revalidation (APIR), the GSIS Financial Assistance Loan program (GFAL), the Program for Restructuring and Repayment of Debts (PRRD) for inactive members, and a condonation program for housing.

“Collectively, these programs aim to plug pension overpayments, re-finance the loans of active members with private lending institutions through lower interest rate and longer repayment terms, and provide a mechanism for members, including those who are already retired, to settle their outstanding loan obligations through penalty condonation,” Aranas said.

He explained that “as administrators of our members’ savings, we are duty-bound to ensure that GSIS funds are healthy so that the present and the future generations of our members, can receive their benefits, as and when they fall due.”

The pension fund chief urged members with outstanding loans to take advantage of these programs. “When you retire, you will receive your benefit in full, and truly enjoy your retirement.”

PGM Aranas underscored that GSIS is reaching out to members to help settle their loans, particularly those with private lending institutions.

“Through GFAL, you can borrow up to half a million pesos at 6% interest rate and repayment period of six years. This will help ease your burden in paying your loans, and because of lower rate, your net income will be bigger.”

GFAL was recently expanded to cover non-DepEd personnel recognizing that all members should enjoy the same privileges from GSIS for the sake of equality and fairness.

“The same loan privilege should also be offered to the remaining 49% of our members across the country,” Aranas said.

“ I can feel your heartbeat that your heart beats for the members of GSIS” – Dir. Ma. Gemma M. Ledesma