Social Protection-GSIS

MANILA, Philippines – The Government Service Insurance System (GSIS) is looking at reviving its global investment program next year, its top official said.

GOVERNMENT Service Insurance System (GSIS) has earmarked a credit facility to Home Development Mutual Fund or Pag-IBIG to finance the housing requirements of state workers and pensioners.

The Supreme Court (SC) has voided the Retirement Financial Plan (RFP) of the state pension fund agency Government Service Insurance System (GSIS).

SENATOR Ralph Recto on Tuesday demanded to know why the Government Service Insurance System failed to remit P2.3 billion in retirement benefits to its members.

MANILA, Philippines – The national government has earmarked an initial P2.5 billion to settle the unpaid compulsory social security contributions of thousands of public school teachers, House Assistant Majority Leader and Cebu Rep. Eduardo Gullas said yesterday.

Manila, Philippines – The Government Service Insurance System (GSIS) is extending emergency loan assistance to eligible members residing in flood-hit areas in Mindanao and in some provinces in the north.

OVER 25,000 government employees may lose their pension and other benefits unless some government agencies and local government units pay P2.38 billion in contributions and loan payments, the pension fund said Thursday.

MANILA, Philippines – At least 25,000 members of the Government Service Insurance System (GSIS), the state-owned pension fund for state workers, are ineligible to apply for a loan and receive cash dividends as a result of the suspension of their respective agencies.

MANILA, Philippines – Aside from Caloocan City, nearly 300 other local government units (LGUs) have been delinquent in payment of employee contributions to the Government Service Insurance System (GSIS). In an interview over dzMM, GSIS general manager Margie Jurillo said these agencies and their heads are facing penal sanctions for violating Republic Act 8291, also…

MANILA, Philippines – Government employees who have retired from public service will now get their retirement benefits and gratuities a month after they relinquished their posts, thanks to a law President Aquino signed recently.

THE GOVERNMENT Service Insurance System (GSIS) has finished repatriating its overseas investments back to the Philippines, an official said. “By and large, I would say that the whole amount has been remitted,” GSIS Executive Vice- President for Finance Benedicto Jose R. Arcinas told BusinessWorld in a phone interview last Friday.

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THE GOVERNMENT Service Insurance System (GSIS) has approved a new system for collecting loan amortizations from members who have complained that the old scheme would eat up their retirement benefits.

MANILA, Philippines – The Government Service Insurance System (GSIS), the pension fund for state employees, would be diverting its offshore investments to a number of locally-listed companies in priority sectors.

According to a report on the ABS-CBN News website, “the debt-ridden Government Service Insurance System (GSIS) has seen a possible solution to stay afloat and pay its housing and educational plan holders. The solution is to force some of the agency’s executives to go on forced retirement, as well as sell its painting collection and…

MANILA, Philippines –  The Government Service Insurance System (GSIS), the state-owned pension fund, will provide an initial P5 billion for housing loans to be administered by state-owned Home Development Mutual Fund (HDMF)) or Pag-IBIG Fund.

MANILA, Philippines –  The Government Service Insurance System (GSIS), the state-owned pension fund for government employees, said it would now focus its investments on local equities, fixed-income market and even in the Aquino administration’s public-private partnership program for infrastructure.

THE Government Service Insurance System is implementing a reorganization that will cut the number of top executive positions in the pension fund to make it more efficient, industry sources said over the weekend.

MANILA, Philippines –  The Government Service Insurance System (GSIS) announced Friday that it would suspend all its housing loan programs in line with efforts to adopt wholesale approaches to asset sales and to wind down housing programs in favor of other government shelter agencies.

This article on the Government Service Insurance System (GSIS) is dedicated to all the ordinary rank and file workers of the government who, for the last many years, have been deprived of a socially equitable (more from the rich than from the poor) and redistributive (more to the poor than to the rich) social security…

‘Victory for TUCP’ MANILA, Philippines—Pension fund Government Service Insurance System is bringing back to the Philippines its entire $670-million offshore investment, taking the view that local assets could be more lucrative given the country’s favorable economic momentum.

NOW that Winston Garcia is no longer the president and general manager of the Government Service Insurance System (GSIS) there is hope that the problem of non-payment of pensions and pension delays would eventually be solved, and hopefully soonest.

Eight members of the Board of Trustees of the Government Service Insurance System (GSIS) might find themselves in the hot seat after the Commission on Audit (CoA) revealed they have received in excess of P11.018 million each in 2009.

MANILA, Philippines – Some 198,000 teachers and other employees of the Department of Education (DepEd) are in danger of losing credits in their contributions with the Government Service and Insurance System (GSIS) after officials admitted they failed to comply with some requirements of the pension fund, a House leader said yesterday.

MANILA, Philippines –  Sen. Ramon “Bong” Revilla Jr. has proposed to bring down the retirement age of Social Security System (SSS) members from 60 to 55 to allow them to enjoy their benefits while still at a productive age.

Due to DepEd’s failure to update GSIS records of employees ABOUT 198,000 teachers and employees of the Department of Education may lose their pension fund credits with the Government Service Insurance System. This is because the DepEd failed to meet the deadline set by the GSIS to reconcile and update the service records of its…

MANILA, Philippines – State-run Government Service Insurance System said Monday that it will implement new guidelines on the grant of survivorship pension aimed at providing more responsive service to members and pensioners.

MANILA, Philippines – The Philippines will establish the first Renewable Energy (RE) market to provide the venue for the issuance, trading and monitoring of licenses to comply with the Renewable Portfolio Standard (RPS).

MANILA, Philippines – The Government Service Insurance System, the state-owned pension fund for government employees, has urged remitting agencies to comply with the increase in contributions to the Employees Compensation Insurance Fund (ECIF).

MANILA, Philippines – The $600 million global investments of state-run pension fund manager Government Service Insurance System (GSIS) earned $70 million in almost three years despite the financial crisis in the US as well as the debt crisis in Europe, the agency’s head reported yesterday.