GSIS extends COVID-19 loan moratorium to June

Date Posted: June 26, 2020 Government Service Insurance System (GSIS) President and General Manager Rolando Ledesma Macasaet announced today that the state pension fund has extended its COVID-19 loan moratorium program for members, pensioners and other borrowers by another month or until June 2020, making it a four-month moratorium. “The extension will provide relief to many government employees and pensioners whose families are having financial difficulties because of the COVID-19 crisis. We earlier implemented a three-month moratorium from March to May 2020 However, with the continuing crisis and quarantine measures, we made it a four-month moratorium to tide over our...

GSIS to extend GFAL ‘til 30 Sept 2020

GFAL temporarily suspended due to COVID-19 Date Posted: March 14, 2020 State pension fund Government Service Insurance System (GSIS) announced plans to extend GFAL (GSIS Financial Assistance Loan) for its members who have existing loans with lending institutions until the end of September this year. The program was originally scheduled to end in July 2020. In this regard, GSIS will temporarily stop accepting loan applications for GFAL effective 14 March 2020 not only in its Head Office in Pasay City, but in all GSIS branch offices nationwide. “We assure our members that those who were not able to avail of...

GSIS-PRRD extended until 30 September 2020

Date Posted: January 7, 2020 State pension fund Government Service Insurance System (GSIS) has extended the deadline for application to the GSIS Program for Restructuring and Repayment of Debts (GSIS-PRRD) until 30 September 2020. GSIS-PRRD is the one-time condonation and restructuring program for members who are already out of government service to settle their outstanding loan balances in full or in part. “GSIS is intensifying its efforts to recover and collect outstanding and non-moving loan accounts through the program. It likewise addresses the clamor of separated GSIS members and pensioners for a little more time to restructure their loans and...

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