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 “Swiss challenge.” Read the rest of this entry »
Subject SSS, GSIS holdings to challenge—labor group
February 28, 2012
GSIS writes off P5-b loans
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. Read the rest of this entry »
GSIS may revive $1-billion global investment program next year
November 17, 2011
MANILA, Philippines – The Government Service Insurance System (GSIS) is looking at reviving its global investment program next year, its top official said. Read the rest of this entry »
GSIS defers to Pag-Ibig for members’ housing
November 17, 2011
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. Read the rest of this entry »
SC voids GSIS employees retirement plan
October 28, 2011
The Supreme Court (SC) has voided the Retirement Financial Plan (RFP) of the state pension fund agency Government Service Insurance System (GSIS). Read the rest of this entry »
GSIS failure to remit benefits hit
October 5, 2011
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. Read the rest of this entry »
Government allots P2.5 billion to settle unpaid contributions of teachers
October 3, 2011
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. Read the rest of this entry »
GSIS grants emergency loans to members in flood-hit areas of Mindanao
July 24, 2011
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. Read the rest of this entry »
25,000 state employees at risk of losing pensions
July 22, 2011
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. Read the rest of this entry »
25,000 GSIS members ineligible to apply for loans
July 22, 2011
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. Read the rest of this entry »
