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...

GSIS, Mayor Isko, meet to settle CGO Manila’s Php230M unpaid premiums

Date Posted: August 1, 2019 Mayor Francisco ‘Isko Moreno’ Domagoso has agreed to the proposal of State pension fund Government Service Insurance System (GSIS) to create a task force that will immediately resolve the outstanding premium liabilities of the City Government of Manila (CGO Manila), which has so far reached Php230 million. This was an offshoot of the Mayor’s meeting with GSIS’ key officials on July 22. “We owe it to our employees to speed up the reconciliation of their GSIS premium records, so that they will enjoy an array of GSIS loan privileges and benefits they deserve as government...