Social Protection-GSIS

Statistically speaking v2.0…..What should be the minimum monthly pension of retired schoolteachers?

Published by rudy Date posted on May 31, 2021

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Bill eyes to avert collapse of uniformed personnel pension system

Published by rudy Date posted on April 30, 2021

By Filane Mikee Cervantes, 30 Apr 2021 MANILA – A bill creating a sustainable fiscal framework for the separation, retirement, and pension benefits of the military and uniformed personnel (MUP) was filed at the House of Representatives on Thursday.

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SC grants retirement benefits to the late CJ Corona; warns vs weaponizing SALNs

Published by rudy Date posted on February 8, 2021

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Gov’t facing P9.6-trillion bill for military pension obligations

Published by rudy Date posted on February 2, 2021

by Charmaine A. Tadalan, BusinessWorld, 2 Feb 2021 THE GOVERNMENT will need to set aside about P9.6 trillion to meet its obligations to retired military and uniformed personnel (MUP) if it does not reform their pension arrangements, a key senator said.

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Philippine retirement system ranked 4th lowest – survey

Published by rudy Date posted on October 21, 2020

by Mary Grace Padin (The Philippine Star), 21 Oct 2020 MANILA, Philippines — The Philippines has the fourth worst pension system among 39 countries, according to a study which benchmarks retirement income systems across the globe.

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GSIS reopens COVID-19 emergency loan program

Published by rudy Date posted on September 28, 2020

by Daphne Galvez, Philippine Daily Inquirer, 28 Sep 2020 MANILA, Philippines — The Government Service Insurance System (GSIS) has reopened its COVID-19 emergency loan program to its members and pensioners.

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GSIS lines up 3 new loan programs

Published by rudy Date posted on September 1, 2020

By Joann Villanueva, 1 Sep 2020 MANILA – The Government Service Insurance System (GSIS) has stopped accepting emergency loan applications vis-à-vis the pandemic but has lined up three other loans programs that will address the needs of its members.

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COVID-19 relief: GSIS offers emergency loan, hikes frontliners’ life insurance

Published by rudy Date posted on April 14, 2020

by Neil Arwin Mercado, Philippine Daily Inquirer, 14 Apr 2020 MANILA, Philippines — For the first time in history, the Government Service Insurance System (GSIS) is granting an emergency loan program for its members as the country fights the coronavirus pandemic.

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GSIS condones P698 million loan penalties

Published by rudy Date posted on February 2, 2020

by Mary Grace Padin (The Philippine Star), 2 Feb 2020 MANILA, Philippines — Government Service Insurance System (GSIS) has condoned almost P700 million in penalties under its loan restructuring program, helping inactive members pay off their outstanding debt with the state-run fund.

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GSIS extends loan program that heeded Duterte order to save gov’t employees from loan sharks

Published by rudy Date posted on December 26, 2019

By: Ben O. de Vera, INQInquirer Business, 26 Dec 2019 The state-run pension fund Government Service Insurance System (GSIS) has extended its loan program for Department of Education (DepEd) employees until July 2020, while also disbursing cash dividends from 2018 earnings to its members since Monday (Dec. 22).

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GSIS issues rules on survivorship benefits of Muslim members, pensioners’ families

Published by rudy Date posted on November 23, 2019

By: Ben O. de Vera, Philippine Daily Inquirer, 23 Nov 2019 MANILA, Philippines — The state-run Government Service Insurance System (GSIS) has come out with the rules in granting the survivorship benefits of the pension fund’s Muslim members and pensioners in line with their customs and traditions.

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GSIS allots P100 million to assist college students

Published by rudy Date posted on October 20, 2019

by Janvic Mateo (The Philippine Star), 20 Oct 2019 MANILA, Philippines — The Government Service Insurance System (GSIS) will allocate P100 million every year to provide an education subsidy for college students who are children or dependents of its low-income members.

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GSIS warns against proposed reduction in retirement age to 56

Published by rudy Date posted on January 31, 2019

With the measure, fund to get depleted 12 years earlier than programmed By: Ben O. de Vera, Philippine Daily Inquirer, Jan 31, 2019 State-run Government Service Insurance System (GSIS) stands to lose 12 years from its fund life if the House-approved bill reducing the optional retirement age of government personnel to 56 becomes a law,…

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GSIS extends housing loan condonation program

Published by rudy Date posted on December 22, 2018

by BEN O. DE VERA, Philippine Daily Inquirer, Dec 22, 2018 Government Service Insurance System (GSIS) members who want to avail themselves of the ongoing housing condonation program have been given by the state-run pension fund until Dec. 31 next year to do so.

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GSIS to invest $800M abroad Pension fund to hire 2 foreign fund managers

Published by rudy Date posted on January 17, 2018

By: Ben O. de Vera, Philippine Daily Inquirer, Jan 17, 2018 The state-run Government Service Insurance System (GSIS) will hire two foreign fund managers to invest a total of $800 million overseas in a bid to diversify the pension fund’s portfolio and almost double its rate of investment returns.

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SC voids GSIS resolutions

Published by rudy Date posted on November 13, 2017

by Marlon Ramos, Inquirer, Nov 13, 2017 The Supreme Court has invalidated three resolutions issued by the Government Service Insurance System (GSIS), which stripped retired state workers of their right to enjoy their full retirement benefits.

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Japan changes pensions so they fall if prices or wages drop

Published by rudy Date posted on December 23, 2016

By Business Mirror – DECEMBER 23, 2016 THE bonus that millions of Japanese seniors enjoyed in recent years when their pension income remained the same while consumer prices and wages fell is about to end.

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Government retirees to get pension hike

Published by rudy Date posted on September 29, 2015

MANILA, Philippines – Government pensioners of the Employees Compensation Commission (ECC) are getting an increase in their monthly pension.

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GSIS hikes credit limit, extends payment terms for new consoloan program

Published by rudy Date posted on June 19, 2015

http://www.gsis.gov.ph/gsis-hikes-credit-limit-extends-payment-terms-for-new-consoloan-program/, June 19, 2015 Active members of state pension fund Government Service Insurance System (GSIS) will enjoy a higher credit limit and longer repayment terms beginning this July 1 under an improved consolidated loan program.

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GSIS eyes more stock placements

Published by rudy Date posted on March 12, 2015

THE LARGEST Philippine pension fund wants to increase the amount it can invest in stocks as returns from bonds shrink.

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GSIS eyes more stock placements

Published by rudy Date posted on March 12, 2015

THE LARGEST Philippine pension fund wants to increase the amount it can invest in stocks as returns from bonds shrink.

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GSIS assures pension benefits for members

Published by rudy Date posted on November 25, 2014

MANILA – The Government Service Insurance System (GSIS) is assuring its members that it has enough funds to meet financial obligations to present and forthcoming pensioners.

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More state-run firms removed from GSIS list of suspended member agencies

Published by rudy Date posted on September 19, 2014

REMITTING AGENCIES that remain suspended from availing programs from state-run Government Services Insurance System (GSIS) dropped by more than half in the first semester of 2014 from 2010 as more offices utilized a reconciliation package with the pension fund.

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Pension amount depends on the monthly salary credit and number of contributions

Published by rudy Date posted on June 3, 2014

MY good friend Manong Max Edralin, a well-known pillar in the public-relations industry, once asked me how come he was getting a modest retirement pension from the Social Security System (SSS), considering that he was once a high official of Citibank N.A., where he worked for almost 20 years before retiring in 1991.

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GSIS net income down 22% to P49B

Published by rudy Date posted on February 5, 2014

MANILA, Philippines – The Government Service Insurance System (GSIS) reported yesterday a 22 percent drop in net income last year due to a surge in the number of retiring members.

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GSIS better managed than SSS

Published by rudy Date posted on October 14, 2013

It’s no contest should there be a performance audit on one-on-one basis between two state pension fund agencies of the government – the Social Security System (SSS) and the Government Service Insurance System (GSIS).

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GSIS offers restructuring for housing loan borrowers

Published by rudy Date posted on August 1, 2013

The Government Service Insurance System (GSIS) will accept applications for its new housing loan restructuring program beginning Aug. 1, 2013.

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Select GSIS pensioners to get at least P5,000/mo next year

Published by rudy Date posted on July 27, 2012

Manila, Philippines – Select pensioners of the Government Service Insurance System (GSIS) will receive no less than P5,000 in allowance beginning next year, the state pension fund said in a statement.

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Subject SSS, GSIS holdings to challenge—labor group

Published by rudy Date posted on February 28, 2012

Dismayed by audit reports showing the Social Security System (SSS) and Government Service Insurance System (GSIS) may not have gotten the best deal for their members when they sold their Meralco holdings for only P90 per share, the country’s biggest labor union proposed that the two state pension funds submit their marketable securities to a…

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GSIS writes off P5-b loans

Published by rudy Date posted on December 19, 2011

The Government Service Insurance System has written P5 billion worth of foreclosed housing units off its books this year as part of a review of the pension fund’s assets.

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July 15 – World Youth Skills Day

“Skills for everyone in times of AI!”

 

Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.

 

Accept National Unity Government
(NUG) of Myanmar.
Reject Military!

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