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reforms  // Posts tagged as "reforms"

GSIS seeks to increase minimum pension to P6,000

Date Posted: March 8, 2019 In a recommendation to President Rodrigo Duterte, the Government Service Insurance System (GSIS) moves to increase the minimum basic pension of its old age and disability pensioners to Php6,000 effective February this year. This will increase the GSIS minimum pension by Php1,000. “A total of 67,201 old age and disability […]

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GSIS released PhP13B loan to 36K DepEd personnel

Date Posted: January 17, 2019 State pension fund Government Service Insurance System (GSIS) has released a total of PhP12.95 billion in GSIS Financial Assistance Loan (GFAL) since the program started in May 2018, benefiting 36,692 personnel of the Department of Education (DepEd). “The combined nationwide figures posted in GFAL’s first six months of implementation signify […]

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GSIS releases Christmas cash gift to pensioners

Date Posted: December 6, 2018 In the spirit of the Yuletide season, the Government Service Insurance System (GSIS) has started releasing the Christmas cash gift of its old-age and disability pensioners, currently numbering 280,000. The cash gift has been deposited to the pensioners’ eCards beginning December 1. GSIS has allocated a total budget of ₱2.9 […]

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GSIS offers emergency loan to 408K typhoon victims in 7 Luzon areas

Date Posted: October 30, 2018 The Government Service Insurance System (GSIS) is offering emergency loan to its 407,604 active members who were affected by calamities in 7 areas in Luzon. The GSIS emergency loan is being extended to members in Ilocos (Region I), Cagayan Valley (Region II), Central Luzon (Region III), and Cordillera Administrative Region […]

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GSIS offers loan condonation program for inactive members

Date Posted: October 22, 2018 The Government Service Insurance System (GSIS) will soon offer a one-time condonation and restructuring program for former members who are already out of government service and have no financial capability to settle their outstanding loan balances in full. Dubbed GSIS Program for Restructuring and Repayment of Debts (GSIS-PRRD), the loan […]

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GSIS to offer new housing loan condonation until Dec. 31

Date Posted: September 24, 2018 Starting October, the Government Service Insurance System (GSIS) will offer a 100% waiver of unpaid penalties and surcharges to housing buyers and borrowers with past due accounts and are willing to settle their housing obligations in full. The deadline for the submission of application to the condonation program is on […]

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GSIS enhances policy on change in
retirement options

Date Posted: June 29, 2018 State pension fund Government Service Insurance System (GSIS) now allows retired members who have applied for their benefits but have not yet received payment from GSIS to change their retirement mode, option, or date to meet their needs. “We need to ensure that the System’s obligation of providing fair and […]

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GSIS enhances evaluation, processing of PTD claims

Date Posted: June 14, 2018 State pension fund Government Service Insurance System (GSIS) improved its guidelines in evaluating, processing, and administering permanent total disability (PTD) claims under Republic Act 8291 (GSIS Act of 1997). “We had to refine our policies on PTD to upgrade the protection given to government workers whose job is hindered by […]

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Pres. Duterte witnesses signing of GSIS, DepEd pact to finance teachers’ loans from private lenders

Date Posted: April 17, 2018 President Rodrigo Roa Duterte is flanked by (from left) Department of Education (DepEd) Undersecretary Victoria Catibog, DepEd Secretary Leonor Briones, President and General Manager Jesus Clint Aranas and GSIS Senior Vice President for NCR Operations Nora Malubay-Saludares after the signing of agreement to extend a financial assistance loan for DepEd […]

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GSIS opens financial assistance loan for all
DepEd members on May 15

Date Posted: May 11, 2018 The Government Service Insurance System (GSIS) will start to accept applications for the GSIS Financial Assistance Loan (GFAL) program for personnel of the Department of Education (DepEd) starting May 15. Under the program, GSIS will lend a maximum amount of PhP500,000 to DepEd borrowers to pay the outstanding balance of […]

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