GSIS increases pension loan limit to 500K, removes age cap

Date Posted: February 1, 2021 State pension fund Government Service Insurance System (GSIS) enhanced its pension loan program by increasing the maximum loanable amount to six times the monthly pension, up to a maximum loan of P500,000, regardless of the pensioner’s age. “Previously, only old-age pensioners who are 64 years old and below may avail of the maximum amount equivalent to six times their monthly pension. Pero dahil gusto naming mabigyan ng ginhawa ang lahat ng old-age pensioners sa gitna ng pandemyang apektado ang lahat, pwede nang makahiram ang lahat ng old-age pensioner ng maximum amount kahit 65 years old...

GSIS now accepts e-filing for start-of-pension application

Date Posted: July 16, 2020 Nearly 4,000 GSIS retirees and survivorship pensioners who have not submitted their application for the start of their pension, may now apply through email as an alternative method of filing. “This is meant to minimize their risk of exposure to the COVID-19 virus. They can now do it at the comfort of their own homes,” GSIS President and General Manager Rolando Ledesma Macasaet said. Further, the pension fund chief stressed that the online filing of application for pension is one of the strategic ways adopted by GSIS to adjust its existing operational processes under the...

GSIS announces early release of May pension

Date Posted: April 13, 2020   State pension fund Government Service Insurance System (GSIS) will again release pensions ahead of schedule in May similar to what it did in April. “Our pensioners will receive their pension on May 5, instead of the usual crediting date of every eighth of the month,” GSIS President and General Manager Rolando Ledesma Macasaet announced. “The early release of pension is one of several proactive measures we are taking to help our pensioners cope with the extended Enhanced Community Quarantine period,” he added. GSIS releases monthly pensions electronically through the pensioners’ Unified Multi-Purpose ID (UMID)...

GSIS pensioners to receive April pension today

Date Posted: April 2, 2020 All pensioners of the Government Service Insurance System (GSIS) will receive their monthly pension today, April 2, instead of the usual crediting date of every 8th of the month. This was announced by Rolando Ledesma Macasaet, President and General Manager of GSIS. “We already deposited their pension yesterday. So by today, April 2, all our pensioners should be able to receive it,” Macasaet said. “We know that most of our retirees rely on their pension for their daily upkeep and maintenance medicines. We hope that this will somehow help ease the burden of our senior...