GSIS ready to assist members, pensioners to be hit by typhoon ‘Betty’

In anticipation of the impending arrival of Typhoon Betty (International name “Mawar”), state pension fund Government Service Insurance System (GSIS) President and General Manager Wick Veloso announced today that it is preparing its emergency loan program to assist members and pensioners nationwide who may be adversely affected by the upcoming typhoon. PAGASA issued a warning that Typhoon Betty could trigger heavy rains, potentially causing flooding or rain-induced landslides in Northern Luzon starting late Sunday or early next week. ‘Betty’ is also forecasted to usher in monsoon rains across the western parts of Central Luzon, Southern Luzon, and Visayas from Sunday...

GSIS earmarks P315 M in emergency loan for 13K members, pensioners affected by Oriental Mindoro oil spill

State pension fund Government Service Insurance System (GSIS) President and General Manager Wick Veloso announced today that GSIS has earmarked P315 million in emergency loan for members and pensioners who were affected by the oil spill that emanated from a motor tanker that capsized off the coast of Naujan, Oriental Mindoro last February 28. Veloso heeded the appeal of President Ferdinand Marcos Jr. to ensure that help is extended by government agencies to those hit by the oil spill. “The oil spill has affected more than half of Oriental Mindoro. With our emergency loan program, we hope to alleviate the...

GSIS readies emergency loan for members, pensioners to be affected by tropical storm Paeng

State pension fund Government Service Insurance System (GSIS) informed today that members and pensioners who will be affected by tropical storm Paeng may avail of up to Php40, 000 emergency loan. This was announced by GSIS President and General Manager Wick Veloso heeding the appeal of President Ferdinand Marcos Jr. for government agencies to ensure that help is extended to those hit by calamities. Based on PAGASA’s 11am forecast today, Paeng may “intensify into a typhoon by Saturday.” “As of 23 October this year, GSIS has already released a total of Php4.5 billion that provided financial assistance to almost 145,000...

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