GSIS earmarks Php1.6-B in emergency loan for Agaton-hit members, pensioners

Date Posted: February 20, 2014 State pension fund Government Service Insurance System today announced that the pension fund budgeted Php1.6 billion in emergency loans for more than 73,000 active members and nearly 12,000 old-age pensioners affected by typhoon Agaton in Northern Mindanao, Caraga and Davao Region. “For active members, we opened a special emergency loan package with an increased credit limit of up to Php40,000 and a waiver of the requirement to pay 12 monthly amortizations before renewing the loan, ” President and General Manager Robert G. Vergara said.