Insider Spotlight
The decision
In an order dated Sept. 17, 2025, the Ombudsman ruled there was no longer sufficient basis to maintain the suspension after evaluating case records and pleadings. The order stated that documents and evidence needed for the probe into alleged grave misconduct, gross neglect of duty, and violations of office rules had already been secured.
The suspension was tied to GSIS’s P1.45-billion purchase of 100 million perpetual preferred shares in Alternergy Holdings Corp. through a subscription agreement.
Who’s reinstated
The reinstated officials are Veloso, Jason Teng, Mary Abigail Cruz-Francisco, Jaime Leon Warren, and Alfredo Pablo. Two others—Michael Praxedes and Aaron Samuel Chan—remain excluded, as they are no longer connected with GSIS.
Veloso’s response
In a statement on Sept. 19, Veloso said he respected the Ombudsman’s ruling and would resume his duties immediately.
“I welcome this as a recognition of the professionalism and integrity with which I have conducted myself throughout my tenure,” he said.
Veloso stressed that he had always acted in good faith within GSIS policies and laws, and pledged to focus on safeguarding and growing the fund for government workers.
“Our work continues—with humility, resolve, and the quiet focus of a public servant,” he added.
Why it matters
The Ombudsman’s move eases leadership uncertainty in GSIS, which manages billions in pension and insurance funds for government employees. The resolution allows the agency to refocus on investment performance and member services while the administrative case proceeds.
What’s next
The GSIS Human Resource Office and the Commission on Audit have been tasked to implement the Ombudsman’s order and report compliance. The administrative case remains under review, even as Veloso and most of his team resume their posts.
