Social Protection-GSIS

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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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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.

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.

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.

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.

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.

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.

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).

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.

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.

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,…

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.

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.

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.

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.

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

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.

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

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

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.

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.

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.

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.

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).

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

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.

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…

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.