Members and pensioners of the Government Service Insurance System (GSIS) may now apply for a housing loan through the Home Development Mutual Fund (Pag-IBIG Fund). The GSIS said the Pag-IBIG Fund drew down the entire Php5 billion last Wednesday which will be used to augment the funds available for housing loans of the pension fund’s members and pensioners. This, after GSIS President and General Manager Robert Vergara and Pag-IBIG Fund Chief Executive Officer Darlene Berberabe signed a Php5 billion credit facility agreement on November 14. The facility was made available to Pag-IBIG in line with the GSIS’s decision to wind...
GSIS releases P818-million cash dividends to members
More than 1 million members of the Government Service Insurance System will receive their cash dividends before Christmas day after the GSIS Board of Trustees approved today the release of Php818 million from its coffers. The pension fund released the cash dividends after posting a surplus in revenues derived from its Social Insurance Fund. Compulsory Life Insurance policyholders who are entitled to the cash dividends include all active members including members of the Judiciary and Constitutional Offices whose life insurance coverage have been in force for at least one year as of 31 December 2010. Also included are active members...
GSIS Grants Emergency Loan to Members in Albay, and Carmen, Davao del Norte
The Government Service Insurance System (GSIS) is extending Emergency Loan assistance to eligible members residing and/or working in the Province of Albay and Carmen, Davao del Norte after the said areas were severely affected by recent typhoons and flashfloods. In view of this, the GSIS announced qualified members can apply for an emergency loan from 28 November 2011 to 28 December 2011 via the GWAPS kiosk using their eCard or their UMID eCard. The GSIS said members who do not have an eCard Plus or UMID eCard but who are eligible to apply for the loan can apply via over-the-counter...
GSIS to unload shares of stock under SPL Program
The Government Service Insurance System (GSIS) will be holding a public auction of shares of stock held by members who have outstanding Stock Purchase Loan accounts as of end-July this year. The pension fund announced all shares of stocks corresponding to SPL accounts that remain unsettled after 15 December 2011 will be auctioned off at the Philippine Stock Exchange on 23 December 2011. Proceeds of the sale will be applied to the loan balances of the unsettled loan accounts, the GSIS said. The sale of the shares is in line with the pension fund’s efforts to bring down its non-performing...
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