Members with an existing emergency loan may borrow up to P40,000, with a P20,000 net amount after settling previous balances. Those without prior loans may apply for P20,000. Old-age and disability pensioners can also apply, provided at least 25% of their monthly pension remains after loan deductions.
Part-time professors at the UP College of Medicine who also work as medical specialists at the Philippine General Hospital without compensation—or vice versa—will have their service hours counted toward their total length of government service for retirement benefits.
The state-run pension fund said its total assets expanded by 9.23 percent to reach P1.83 trillion. Total income climbed by 10.29 percent year-on-year to P326.86 billion, driven primarily by robust investment returns and solid performance in its insurance businesses.
The Christmas cash gift, capped at P10,000, is equivalent to a one-month pension and will be credited directly to the GSIS eCards of eligible pensioners.
The Asean Social Security Association now oversees a combined $1.3 trillion in assets under management, cementing its role as a significant player in global capital markets, according to Government Service Insurance System president and general manager Jose Arnulfo "Wick" Veloso.
The Government Service Insurance System has allocated P6 billion in emergency loans for 231,250 members and pensioners impacted by the Mount Kanlaon eruption, El Niño dry spell, and Typhoon Aghon.
In a proactive move, the Government Service Insurance System (GSIS) has announced the early release of pension payments for over 580,000 beneficiaries this Saturday, April 6, in anticipation of the upcoming national holidays.
The Government Service Insurance System (GSIS) has launched an emergency loan program for its members and pensioners in Zamboanga City who were impacted by recent adverse weather conditions.