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clasp  // Posts tagged as "clasp"

GSIS extends loan moratorium for Yolanda-hit members, pensioners to Oct ‘14

Date Posted: May 12, 2014 State pension fund Government Service Insurance System (GSIS) extended the loan moratorium period from May 2014 to October 2014 for some 300,000 members and pensioners either living or working in the 126 areas severely affected by typhoon Yolanda. GSIS President and General Manager Robert Vergara said that “we recognize that […]


29 Jul Reforms | Comments


CLASP (Choice of Loan Amortization Schedule for Pensioners) In June 2011, GSIS implemented the Choice of Loan Amortization Schedule for Pensioners (CLASP), which empowers retiring members and make it less burdensome for them to settle their outstanding obligations. Retiring GSIS members now have the options to settle their loan balances, either in whole (100%), or […]