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DBP, gov’t pension funds outline payment relief terms for loans, contributions

GOVERNMENT financial institutions allowed their borrowers to defer loan payments without penalty as a form of relief during the coronavirus disease 2019 (COVID-19) crisis. In...

SSS, GSIS directed to prop up PSE with more equities purchases

FINANCE Secretary Carlos G. Dominguez III said Friday that the state pension funds need to double their regular equities purchases to help prop up the stock market after sharp losses triggered trading halts Thursday.

Former chief justice named GSIS chairman

PRESIDENT Rodrigo R. Duterte appointed retired Chief Justice Lucas P. Bersamin as chairman of the Government Service Insurance System (GSIS).

GSIS set to start release of pensioners’ cash gifts

THE GOVERNMENT Service Insurance System (GSIS) will start releasing Christmas cash gifts next week, Dec. 15, to active old-age and disability pensioners.

COA upholds previous decision vs GSIS for ‘unnecessary’ antibiotics purchase

THE Commission on Audit (COA) has rebuked Government Service Insurance System (GSIS) officials for procuring “unnecessary and irregular” Oseltamivir capsules worth P25.13 million in 2006, saying that procurement of medicine is not in the GSIS’ purview.

GSIS opens loan window for El Niño-affected members in Iloilo

THE GOVERNMENT Service Insurance System (GSIS) announced on Monday that it is allocating around P1 billion for its active members and old-age pensioners in Iloilo affected by El Niño.

GSIS recommends to Duterte P1,000 hike in month pensions

THE Government Service Insurance System (GSIS) has recommended a P1,000 increase in the monthly pensions paid to retirees, it announced Friday.

GSIS sees depletion in fund life due to pending bill

THE GOVERNMENT Service Insurance System (GSIS) said its fund life will be depleted by 12 years should the government enact a bill pending in Congress lowering the optional retirement age for government employees to 56 years.

GSIS extends condonation program for housing loans

THE Government Service Insurance System (GSIS) said it extended for a year its housing loan condonation program to help members stave off foreclosure on their properties.

Over 700 GSIS-owned properties up for bidding next month

Residential lots owned by the closed thrift bank of Government Service Insurance System (GSIS) amounting to P184.9 million will be disposed by the Philippine...

GSIS 2017 net profit rises 69% on investment gains

THE Government Service Insurance System (GSIS) said net profit rose 69% in 2017 due to the performance of its financial investments.

GSIS’ 2017 profit gets boost from financial assets

Government Service Insurance System (GSIS) recorded higher net profit last year on the back of income from financial assets. In a statement sent Friday, July...

GSIS extends deadline for old pensioners to reactivate their status

The Government Service Insurance System (GSIS) has extended its deadline for its old pensioners to comply with the Annual Pensioners' Information Revalidation (APIR) requirement. In...

GSIS sets minimum rating for reinsurance bidders

GOVERNMENT SERVICE Insurance System (GSIS) is now requiring firms wishing to join the pension fund’s bidding for reinsurance contracts to carry a minimum credit rating of B+.

GSIS evaluating managers for $800-M fund

THE GOVERNMENT Service Insurance System (GSIS) is evaluating the external asset managers that applied to manage $800 million worth of its investments — a move to diversify its funds.

GSIS close to hiring wealth managers for its $800-M offshore investments

The Government Service Insurance System (GSIS) is evaluating external asset managers who applied to manage $800 million worth of investments in a move to...

GSIS warns members of penalties for overdue loans

The Government Service Insurance System (GSIS) urged its members to settle past due loan amounts until end-September to avoid further penalty charges. "Paying off your...

Hotel operator clarifies reported dues to GSIS

By Camille A. Aguinaldo SOFITEL Philippine Plaza owner Philippine Plaza Holdings, Inc. (PPHI) on Sunday clarified that the luxury hotel is not closing down following...

DepEd, GSIS ink deal on loan payments for teachers

By Arjay L. Balinbin PRESIDENT Rodrigo R. Duterte on Monday, April 16, witnessed the signing of a Memorandum of Agreement (MOA) between the Department of...

GSIS extends submission of application for multi-asset strategy fund managers

Government Service Insurance System (GSIS) said it extended its multi-asset strategy program to last another month until April 13 as it wants to receive...

In quest for sustainable social protection

Social insurance institutions: Strengthening social protection Among the other sectors, the poor are more vulnerable to the risks and shocks of volatility in the global...

GSIS: Securing Filipinos’ lives

Through the Commonwealth Act No. 186 of 1936 and amended by Republic Act No. 8291, the Government Service Insurance System (GSIS), as a social...

Economic managers to submit military pension bill under GSIS

ECONOMIC MANAGERS will send to Congress by this year a proposal that will transfer the military pension scheme to state-run Government Service Insurance System...