Government Service Insurance System - updates

Rappler's latest stories on Government Service Insurance System


GSIS increases life insurance coverage of health workers by P500,000

Apr 14, 2020 - 6:10 PM

GSIS members nationwide may also avail of a P20,000-emergency loan, payable over 3 years at 6% interest per annum

SALUTE. Medical workers take a moment to perform a solidarity clap for their fellow frontliners outside the doors of the Santa Ana Hospital in Manila on April 9, 2020. Photo by Alecs Ongcal/Rappler

Ex-chief justice Lucas Bersamin is new GSIS chairman

Feb 14, 2020 - 7:22 AM

As new GSIS chairman, Bersamin will face the review of the planned sale of a 67-hectare property at the Manila North Harbor

GSIS HEAD. Former chief justice Lucas Bersamin is the new chairman of the GSIS Board. File photo by Inoue Jaena/Rappler

Applying for GSIS loan program now easier for San Juan City gov't workers

Aug 20, 2019 - 6:36 PM

The San Juan City government and the GSIS sign a memorandum of agreement on the GSIS Financial Assistance Loan program for city government workers

LOAN FOR GOVERNMENT WORKERS. San Juan City government workers may now apply for the GSIS Financial Assistance Loan program through the GSIS booth at the San Juan City Hall.

Duterte says he fired Jesus Aranas

Jul 06, 2019 - 8:47 AM

'I will deal with corruption. I’m dealing it until now,' says President Rodrigo Duterte before announcing in a speech in Leyte that he sacked the GSIS executive

President Rodrigo Roa Duterte chats with Education Secretary Leonor Briones and Government Service Insurance System (GSIS) President and General Manager Jesus Clint Aranas following the Memorandum of Agreement (MOA) signing betweeen the GSIS and Department of Education (DepEd) at the Malacañan Palace on April 16, 2018. SIMEON CELI JR./PRESIDENTIAL PHOTO

GSIS backpedals on planned sale of port property

Jul 04, 2019 - 5:30 PM

GSIS Chairman Rolando Macasaet says they revoked resolutions authorizing the sale of the 67-hectare property where ICTSI is operating

TIMELINE: GSIS, Enrique Razon's dispute over port property

Jul 04, 2019 - 4:15 PM

GSIS president Jesus Clint Aranas quits his post amid revived plans to sell the land where port tycoon Enrique Razon's ICTSI operates. Here is a timeline of events dating all the way back to the 1970s.

GSIS president Jesus Aranas resigns

Jul 02, 2019 - 4:39 PM

(UPDATED) 'I resign, secure in the knowledge that I have unwaveringly advanced the interest of GSIS and its members,' GSIS president Jesus Clint Aranas says in his letter to President Rodrigo Duterte

President Rodrigo Roa Duterte listens to the welcome remarks of Government Service Insurance System (GSIS) President and General Manager Atty. Jesus Clint Aranas during the 81st anniversary celebration of the GSIS at the Gymnasium of the GSIS Financial Center in Pasay City on June 19, 2018. Joining the President on stage are Philippine Amusement and Gaming Corporation (PAGCOR) President Alfredo Lim and Sec. Bong Go of the Office of the Special Assistant to the President. REY BANIQUET/PRESIDENTIAL PHOTO

Concerns over State Insurance Fund's sustainability after pension benefits hike

May 12, 2018 - 3:20 PM

Labor group Sentro raises questions on the sustainability of the State Insurance Fund after President Rodrigo Duterte signed an executive order raising pension benefits of disabled workers

PENSION BENEFITS. A labor group raises concerns over the newly signed executive order increasing pension benefits.

National Press Club wins anew in legal battle vs GSIS

Jan 08, 2018 - 8:16 PM

The Court of Appeals affirmed an order by the Regional Trial Court dismissing the estafa complaint filed by GSIS against former officers of the NPC in connection with the sale of a Vicente Manansala mural

COA holds SSS President Dooc liable for crashing office car

Nov 19, 2017 - 5:25 PM

Emmanuel Dooc is found negligent for dozing off behind the wheel of his government-issued car in 2015, when he still headed the Insurance Commission

GOVERNMENT CAR. The Commission on Audit makes SSS president accountable for crashing his government car.

Briones eyes mandatory financial literacy workshops for teachers

Nov 18, 2017 - 10:30 AM

Education Secretary Leonor Briones says teachers must be smart about their finances since they will soon teach students about financial literacy as mandated by law

DEPED CHIEF. Education Secretary Leonor Briones smiles during a Rappler Talk interview on November 16. Screenshot by Rappler

Criticisms vs DepEd over teachers' loans are 'misplaced' – Briones

Nov 17, 2017 - 6:05 PM

DepEd Secretary Leonor Briones says they had to step in and make sure teachers' loans from GSIS are being paid, because 26,000 teachers did not receive retirement benefits in 2016 due to unpaid debts

DEBT DILEMMA. Education Secretary Leonor Briones explains the urgent need for teachers to pay off their debts from the GSIS and Pag-IBIG Fund. Screenshot by Rappler

GSIS, SSS have biggest undistributed collections – COA

Nov 16, 2017 - 1:15 PM

GSIS has undistributed collections totaling P11.51 billion in 2016, while the SSS has P1.135 billion

DepEd to restore teachers' loan deductions on October 30

Oct 30, 2017 - 4:05 PM

The DepEd says GSIS and Pag-IBIG Fund loan payments deducted from teachers' salaries this month would be returned to their bank accounts

RESTORED INCOME. A teacher holds a lesson in a public school in Marikina City on September 27. Photo by LeAnne Jazul/Rappler

DepEd assures teachers of P4,000 pay even with loan deductions

Oct 26, 2017 - 7:25 PM

Education Secretary Leonor Briones says they are examining emergency measures 'to assuage the situation' of teachers affected by the recent loan deductions

INCOME WOES. A teacher holds a lesson in an elementary school in Marikina City. Photo by LeAnne Jazul/Rappler

Teachers' group cries foul over loan deductions from take-home pay

Oct 24, 2017 - 12:45 PM

Education Secretary Leonor Briones says public school teachers' loans are now at P300 billion: 'Are you going to suffer the pain now and look for solutions or continue the same practice until your loans will accumulate?'

INCOME ISSUES. A public school teacher conducts a lesson in Marikina City on September 27. File photo by LeAnne Jazul/Rappler

GSIS officials, property developer to face corruption trial

Apr 09, 2017 - 6:25 PM

They are accused of approving more than 500 anomalous loans worth over P290 million

Rappler file photo

Ex-Postmaster General Josie dela Cruz posts bail

Feb 09, 2017 - 8:00 PM

The Sandiganbayan 7th Division orders Dela Cruz s arrest over her failure to remit a PhilPost employee s loan payments to the GSIS

Josefina dela Cruz, former Postmaster General and CEO of Philpost. Photo from the Philippine Deposit Insurance Corporation

Ex-PhilPost chief charged for not remitting employee's loan payment

Jan 09, 2017 - 8:30 PM

Former Postmaster General Josefina dela Cruz earlier said they had to prioritize salaries and operating expenses over the remittance of GSIS loan payments since they had insufficient funds

Gov't loses bid to revoke 2009 compromise deal with Sabido

Apr 18, 2016 - 1:22 AM

The Sandiganbayan says the government is already bound by the commitment made in 2009 despite the claim of current PCGG leaders that the agreement was a midnight deal

UNDUE HASTE. THE PCGG's new leaders are questioning the actions of its former chairperson and commissioner, arguing that the compromise agreement was a midnight deal done during the last days of the Arroyo administration. Photo from Agence France-Presse

GSIS to distribute 2014 cash benefit Dec 15

Dec 11, 2015 - 2:33 PM

GSIS will release P848 million in cash benefits through its eCard or members unified multipurpose IDs

DISTRIBUTION. GSIS will release the cash benefit through the agency's eCard or unified multipurpose identification card of its eligible members.

Graft raps vs 11 ex-GSIS execs over 'anomalous' project award

Dec 01, 2015 - 1:58 PM

UPDATED Ex GSIS president Winston Garcia a candidate in the 2016 polls questions the case s timing

SHORTLIST. The Judicial and Bar Council submits names to possibly fill the 6 remaining posts at the Sandiganbayan. File photo by Rappler

Grace Poe faces disqualification plea over COC

Oct 16, 2015 - 2:52 PM

Presidential bet Grace Poe’s lawyer says ‘We know who are the people behind this and their evil plans’

FLAWED COC? Neophyte Senator Grace Poe holds up her certificate of candidacy for president at the Comelec in Manila on October 15, 2015. Photo by Jansen Romero/Rappler

Most Filipinos not ready for retirement – study

Sep 25, 2015 - 5:36 PM

An East Asia retirement survey shows that Filipinos are the least knowledgeable when it comes to using financial instruments for retirement

GETTING OLD. Although many Filipino retirees do not have pensions and personal savings, almost all can count on extensive support from families. Image from Shutterstock

GSIS to release additional benefits starting September

Sep 17, 2015 - 5:59 PM

More than 272 000 regular old age and disability pensioners as of end 2014 will receive a one time benefit equivalent to one month pension or P10 000 whichever is lower

GOOD FISCAL POSITION. Government Service Insurance Systen says it is in a position to enhance member and pensioner benefits due to its record financial performance in 2014.

GSIS eyes sale of 3-4 properties by end-2015

Aug 23, 2015 - 11:55 PM

The GSIS president adds that the Metro Manila Development Authority MMDA property located in Pasig City could be considered for this year s sale

Aquino names GSIS trustee, CHR commissioner

Jul 04, 2015 - 7:23 PM

A 65 year old banker Renato de Guzman will help oversee the Philippines pension fund for government employees

GSIS chairman Daniel Lacson resigns

Jun 25, 2015 - 9:36 PM

Since last year I’ve been having problems with my health I have uncontrolled blood pressure due to stress My doctor advised me slow down Lacson says

RESIGNED. Former GSIS Chairman Daniel Lacson answers questions of the media during the Negros Island Region caucus in Bacolod City. Photo by Marchel P Espina/Rappler

Allot P100B agri-agra fund to socialized housing, gov't urged

Mar 27, 2015 - 6:40 PM

The central bank is looking into the proposal of the Chamber of Real Estate and Builders Association CREBA to tap the unused agri agra funds to solve the housing backlog in the country

GSIS Family Bank up for sale

Mar 02, 2015 - 7:32 PM

The sale is expected to be completed by the first half of 2015

Pag-IBIG: Is it helping Filipinos help themselves?

Dec 20, 2014 - 12:23 PM

How is Pag IBIG fulfilling its mandate to assist Filipinos in building homes and giving loan assistance? Watch and participate in the discussion

SC issues TRO on GSIS control of San Jose condo

Oct 12, 2014 - 12:01 AM

This is not the first time a multi million loan was obtained from the government through the GSIS using property as collateral and later hounded by disputes

Debt-to-gov’t ratio hits 38.1% in end-March

Sep 23, 2014 - 11:29 PM

The general government debt went down due to the strong GDP performance and slower debt accumulation for Q2 to Q4 2013 the Finance department says

LOWER DEBT. The government aims to reduce the national debt to below 45% by 2016. File photo from Agence France-Presse

DOTC eyes interconnecting NAIA terminals 1 and 2

Aug 01, 2014 - 5:08 PM

The agency has to first address various issues in its plan to expand and improve the congested airport

EXPANSION. The government is aiming at interconnecting terminals 1 and 2 of the Ninoy Aquino International Airport (NAIA), apart from building a NAIA terminal 5. File photo by Jay Directo/Agence France-Presse

The highest paid gov’t official in 2013 is …

Jun 27, 2014 - 12:06 AM

… still GSIS President and General Manager Robert Vergara

STILL THE HIGHEST PAID. The Commission on Audit (COA) revealed that GSIS President Robert G. Vergara is still the highest paid official in government in 2013. Screen grab from Vergara's #TalkThursday interview

Gov’t settles DepEd-ARMM’s unpaid GSIS premiums

Jun 11, 2014 - 2:31 PM

The budget department will release a total of P991 4 million for unpaid GSIS premiums of DepEd ARMM personnel so they can enjoy all their due benefits

Barangay officials to get GSIS coverage

Jun 01, 2014 - 11:37 AM

Under the bill officials from around 42 000 barangays across the Philippines can qualify for retirement benefits and loans such as housing salary education and calamity loans

FINAL ARBITER. Drilon says supporters and critics of the PH-US military deal should raise the issue before the Supreme Court. File photo by Joseph Vidal/Senate PRIB

Samar town treasurer fails to remit P8M to GSIS, dismissed

May 06, 2014 - 8:11 PM

The Ombudsman has found municipal treasurer Virginia Uy her assistant Pepita Mabini and then San Sebastian Mayor Arnold Abalos guilty of grave misconduct

Unit buyers cry fraud over New San Jose condo sale

Apr 02, 2014 - 8:14 PM

Unit buyers claim the loan obtained by the developer was at the expense of people who were simply trying to find a place they could call home

LGUs, agencies neglect to pay P1B in GSIS contributions

Feb 06, 2014 - 9:33 AM

These agencies owe the state pension fund P1B in premium payments deducted from over 11 300 employees

ARREARS. Many LGUs and agencies neglect to pay employee contributions to the Government Service Insurance System. File photo by Dennis Sabangan/EPA

DepEd: No mass lay-off under rationalization program

Dec 19, 2013 - 10:02 PM

Employees with affected items may opt to either apply for other posts within DepEd or retire from government service with higher than usual benefits

10,000? Employees stage a protest in front of the DepEd Central Office because of the rationalization program. Photo from ACT Facebook page

P1.24B worth of Nat'l Museum artworks, antiques not insured

Dec 04, 2013 - 8:48 PM

Around 66 of irreplaceable art and artifacts are not covered by any insurance policy If they are stolen or damaged we cannot recover their worth

NO SAFEGUARDS. Around 66% of the artworks and artifacts in the National Museum are not insured because museum officials say there is no money to pay for insurance. Photo by Pia Ranada/Rappler

SSS, GSIS offer loans to Yolanda victims

Nov 14, 2013 - 5:49 PM

The loans are intended to help ease the burden on hardest hit members

GSIS should return P1.3B to members – COA

Nov 04, 2013 - 7:08 PM

COA says members who took out loans were overcharged with capitalized interest of P860M while delays in posting payments caused excess interest of P441M

OVERCHARGED. Government Service Insurance System members line up to apply for loans . File photo by Dennis Sabangan/EPA

Pension fund GSIS invests in casino project

Jul 04, 2013 - 10:01 AM

State run pension fund Government Service Insurance System GSIS invests P800 million in the soon to rise casino project

CASINO PROJECT. This is an artist's rendition of the Belle Grande Manila Bay that will house a large casino, two L-shaped hotel towers and 4 condotel towers. Photo from 2011 Belle Corp. Annual Report

Who's the highest paid in gov't?

May 25, 2013 - 1:37 PM

GSIS President and General Manager Robert Vergara received P16 36 million the highest amount paid to any public official in 2012

HIGHEST PAID. The Commission on Audit (COA) revealed that GSIS President Robert Vergara is the highest paid official in government in 2012. Screen grab from Vergara's #TalkThursday interview with Rappler Business Head Lala Rimando

Higher pensions for retired, disabled gov't workers

Jan 14, 2013 - 5:29 PM

Around 58 000 retired and disabled government employees will start receiving the basic P5 000 monthly pension this year a far cry from the nearly P300 that some were receiving in the past years

#TalkThursday with Robert Vergara: Managing GSIS's billions

Dec 12, 2012 - 3:16 PM

GSIS president and general manager Robert Vergara discusses managing the pension fund s P580 billion worth of assets

Merge SSS, GSIS to better protect Filipino seniors - ADB

Sep 26, 2012 - 1:40 PM

Merging the SSS and GSIS will ensure Filipinos will be protected in their twilight years says ADB

COA reverses rulings on GSIS paintings

Aug 17, 2012 - 7:06 PM

COA upholds GSIS purchase of Luna and Amorsolo paintings worth P53 35 M contrary to earlier rulings