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GSIS: members money is safe

Naga City, Camarines Sur- Daniel Lacson Jr,  Chairman of the Board of Trustees of the Government Service Insurance System (GSIS), today assured that the money entrusted to the state pension fund by its more than 1.3 million active members is “safe and in good hands”. Lacson, together with Robert G. Vergara, President and General Manager,  convened a dialogue in Naga, attended by more than 200  of its stakeholders representing pensioners, retirees, and government employees’ associations,  as part of its continuing effort  to reach out and inform them of the initiatives the new GSIS launched toward the goal of achieving service-responsiveness....

GSIS paid Php50 B in claims & benefits in 2011, 18% growth due to improved processes

The Government Service Insurance System (GSIS) reported that it has paid Php50 billion in claims and benefits to its members and pensioners in 2011, an increase of 18.4 percent from the Php42.2 billion disbursed in 2010. The monthly pension benefit, which accounted for half of the total claims, reached Php24 billion, representing a  12.8 percent increase over the Php21.3 billion level in 2010. The GSIS has more than 200,000 active old-age pensioners and disburses an average of Php1.7 billion in pension benefit every month. The pension fund also released Php16 billion in retirement benefits in 2011, up by 46.7 percent...

GSIS grants emergency loan to more members affected by Sendong

The Government Service Insurance System (GSIS) today announced it is also extending its emergency loan program to eligible members residing and/or working in the province of Bukidnon municipalities of Mawag and Pantukan in Compostela Valley, Matungao and Tubod in Lanao del Norte, and Sto. Tomas, Davao Del Norte. This is in light of Tropical Storm “Sendong” which severely devastated various provinces, municipalities, and cities in Northern Mindanao, leaving over a thousand people dead and others homeless. President Benigno Aquino III has already declared a state of national calamity due to the devastation. The GSIS said eligible members working and/or residing...

Php5-B GSIS housing fund now available for members and pensioners thru Pag-IBIG

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...

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