GSIS grants Php10.12B in loans to over 200k gov’t employees, pensioners nationwide

Date Posted: May 22, 2020 As of May 13, the Government Service Insurance System (GSIS) has granted a total of Php10.12 billion in loans to more than 200,000 active members and pensioners nationwide for 2020. This was reported today by Rolando Ledesma Macasaet, President and General Manager of the state pension fund. Of the Php10.12 billion, Php4.78 billion (47%) was released in the form of emergency loan while Php5.34 billion (53%) was disbursed through consolidated loan (conso-loan), policy loan and pension loan. Conso-loan, policy loan and pension loan are regular loans offered by GSIS that may be availed of anytime...