GSIS offers penalty condonation to gov’t agencies that will settle unpaid premiums

The Government Service Insurance System (GSIS) is urging government agencies to pay unremitted premium contributions to avail of penalty condonation. “We encourage government agencies to enter into a memorandum of agreement (MOA) with GSIS to assist you in settling the unremitted contributions of your employees. Magtulungan po tayo sa pagbibigay ng nararapat na ginhawa sa kapwa natin kawani ng gobyerno,” appealed GSIS President and General Manager Rolando Macasaet. A percentage of the penalties of the total amount of agencies’ obligations will be condoned. Agencies may get 40% condonation on the penalties of their outstanding premium obligations if their account is...