GSIS granted P221B in loans to over a million gov’t employees, pensioners nationwide

The Government Service Insurance System (GSIS) has released a total of P221 billion in loans to 1.38 million active members and pensioners nationwide from January 2021 to May 15, 2022. “We rolled out several programs under our Ginhawa for All benefit bundles to extend financial assistance at a time when our members and pensioners needed it most. Alam namin na GSIS ang inaasahang mangalaga sa seguridad at kapakanan ng mga kawani ng gobyerno. Ang malaking responsibilidad na ito ay bahagi ng ating tungkulin,” GSIS President and General Manager Rolando Ledesma Macasaet said. Of the total amount of loans granted, P165...

GSIS extends condonation program for inactive members until June

State pension fund Government Service Insurance System (GSIS) is extending the condonation program for its former members until June 30. Dubbed Program for Restructuring and Repayment of Debts (PRRD), it is a one-time condonation and restructuring program under GSIS’s Ginhawa for All program. It was launched to help members who are already out of the service to settle their outstanding loan obligations in full or in part. “Pinalawig natin hanggang Hunyo 2022 ang PRRD para makapagbigay ng ginhawa sa mas marami pang inactive members na gustong mag-apply ng condonation o ipagpatuloy ang kanilang pagbabayad ng kanilang loans sa ilalim ng...

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...

ADVISORY TO ALL INACTIVE GSIS MEMBERS

All inactive members of the Government Service Insurance System (GSIS) are advised that the deadline for the acceptance of application forms with complete requirements for the Program for Restructuring and Repayment of Debts (PRRD) has been extended from 17 December 2019 to 30 September 2020. Similarly, GSIS has extended the deadline for the full and partial settlement of loans applied for under PRRD up to 31 December 2020 in order to entitle the borrowers to the waiver of penalties. PRRD is a one-time condonation and restructuring program for former members who are already out of government service and have no...

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