The investment is not only legitimate and well-structured, but also represents a prudent allocation of the resources of the state pension fund into an asset that offers stable returns, manageable risk, and tangible benefits for the fund’s members and the country’s renewable energy ambitions.
"Without waiting for my counter-affidavit, which was timely filed, the Ombudsman decided to rely solely on the bare allegations contained in the anonymous and unverified complaint in preventively suspending me and other hardworking officers of GSIS."
The Government Service Insurance System has earmarked P18.5 billion in emergency loans to aid 864,089 members and pensioners affected by Supertyphoon Carina and the southwest monsoon in Batangas, Rizal, and the National Capital Region.
The housing debt relief program of the Government Service Insurance System — meant to aid borrowers struggling with housing loan payments — has so far waived P1.6 billion in penalties for members of the state pension fund.
State pension fund Government Service Insurance System (GSIS) was revealed to be the institutional whale that cornered the bulk of Gokongwei-led private sale of RL Commercial REIT’s (RCR) shares early this month.
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.