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...

GSIS inks agreement with CGO Manila to settle Php127M unpaid premiums

Date Posted: November 10, 2020 State pension fund Government Service Insurance System (GSIS) signed an agreement with the City Government of Manila (CGO Manila) to finally settle a total of Php127 million in unpaid premiums of its 15,976 employees covering January 2012 to June 2019. GSIS President and General Manager Rolando Ledesma Macasaet and Manila Mayor Francisco “Isko Moreno” Domagoso signed the memorandum of agreement between the two agencies. “The affected CGO Manila employees may now look forward to receiving their correct benefits when they retire and correct proceeds when they take out a loan ,” Macasaet said during the...

COA to report public offices that fail to remit GSIS premium, loan payments

Date Posted: August 24, 2017 The Commission on Audit (COA) heeded the request of the Government Service Insurance System (GSIS) to audit the compliance of all public agencies with the law mandating the remittance not only of GSIS contributions but also of loan repayments of government workers to the state pension fund. COA Chairperson Michael G. Aguinaldo directed all COA auditors under Memorandum No. 2017-15 dated August 8, 2017, to report delinquent agencies who are remiss in paying premium and loan amortization and those who fail to remit on time, citing Section 6 of Republic Act 8291. All these, he...