GSIS allots P2.8 B emergency loan for 87K members, pensioners hit by calamities

by Info @Brand Zone | Oct. 19, 2024

The Government Service Insurance System (GSIS) earmarked over P2.8 billion in emergency loan to around 87,000 active members and pensioners in nine areas in Luzon and Visayas. The areas have been declared under a state of calamity due to bad weather and mosquito-borne diseases.

Active members as well as old-age and disability pensioners may now apply for the loan. For those working or residing in in Ilocos Norte, the deadline for application is on November 5, 2024; in Northern Samar, Dingle in Iloilo, and Hinigaran in Negros Occidental, on November 7, 2024; and in Vinzons in Camarines Norte on December 24, 2024. Application deadlines have been extended until 2025 in the provinces of Palawan and Mountain Province until January 6; Batanes, until January 7; and in Cagayan Province until January 16.

To qualify for the loan, active members residing or working in the calamity areas must not be on unpaid leave, have no pending administrative or legal cases, and have made at least six monthly premium payments before applying. Their net take-home pay should not be less than P5,000 as stipulated by the General Appropriations Act.

Old-age and disability pensioners residing in the calamity areas may avail of the loan provided their net monthly pension is at least 25%.

Members and pensioners with existing emergency loan balances may borrow up to P40,000 to enable them to settle their previous loans and receive a maximum net amount of P20,000. Those without existing loans may apply for P20,000. The loan features a low interest rate of 6% per annum and payment period of three years.

Qualified active members and pensioners are encouraged to apply via the GSIS Touch mobile app.

For more information about the emergency loan, members are encouraged to visit the GSIS website at www.gsis.gov.ph, follow the GSIS Facebook page (@gsis.ph), email gsiscares@gsis.gov.ph, or call the GSIS Contact Center at 8847-4747 (Metro Manila) or 1-800-8-847-4747 (Globe and TM subscribers) or 1-800-10-847-4747 (Smart, Sun, and TNT subscribers).

P37B net income ng GSIS sa Q1 ng 2024

ni Fely Ng @Bulgarific | Abril 29, 2024

Hello, Bulgarians! Iniulat ng Government Service Insurance System (GSIS) ang netong kita na Php37 bilyon para sa unang quarter ng 2024, mayroong 21% na pagtaas mula sa neto na kita nitong Php30.75 bilyon noong first quarter ng 2023.

Sinabi ni GSIS President and General Manager Wick Veloso, “Our commitment to support the nation’s growth story saw increases in GSIS investments in key sectors such as real estate, infrastructure, food, energy and mining. Further, the GSIS is boosting revenue streams as it focuses on building efficiencies in its various businesses.”

Ayon pa kay Veloso nais ng GSIS na maging isang katalista na sumusuporta sa mga pamumuhunan sa iba’t ibang sektor upang mapababa ang gastos ng enerhiya at payagan ang vertical integration para sa mga kumpanya ng pagmimina na magproseso ng mga raw material sa mga intermediate at finished products.

Sa pagtatapos ng Marso 2024, ang kabuuang asset ng GSIS ay tumaas sa Php1.74 trilyon, na may 10% na pagtaas o Php156 bilyon na mas mataas kumpara sa mga antas ng Marso 2023.

Ang pangakong palakasin at suportahan ang 2 milyong miyembro nito, pinahusay ng GSIS ang programa sa pagpapautang upang payagan ang mga miyembro na mas pamahalaan ang kanilang mga pananalapi at, para sa ilan, upang mapagaan ang kanilang pasanin sa utang. Noong Marso 2024, ang Multi-Purpose Loan Flex (MPL FLEX) program ay nag-disburse ng PHP136 bilyon mula noong Setyembre 2023, na na-avail ng 506,000 miyembro.

Dagdag pa, ang mga netong kita sa pagbebenta at mark-to-market valuation ng mga local equities at exchange-traded funds (ETFs) ay nagresulta sa mga kita na nagkakahalaga ng Php10 bilyon. Mas mataas ito ng 234% kumpara noong Marso 2023.

Ang GSIS interest income mula sa fixed income securities ay umabot sa Php9 bilyon para sa Q1 2024. Kabilang dito ang mga USD at PHP sovereign bond, short-dated Treasury Bills, at corporate bonds.

Ang maintenance at iba pang gastusin sa pagpapatakbo ay 41% mas mababa sa budget at ang administrative cost ratio ay 2.98%, mas mababa sa 12% limitasyon na pinapayagan ng GSIS Charter.

Sinabi ni Veloso na ang GSIS ay nasa track sa pagpapatupad ng strategy, na sumusuporta sa pangkalahatang paglago ng ekonomiya, na nagbibigay-diin sa mga pamumuhunan at programa nito tungo sa pabahay (housing), power (energy), pagkain (food), at pangangalaga sa kalusugan (healthcare).

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Para sa anumang impormasyon, opinyon, isyu o maging imbitasyon, mag-e-mail sa bulgarific@gmail.com o sumulat kay Ms. Bulgarific at ipadala sa Bulgar Bldg., 538 Quezon Avenue, Quezon City.

Condonation at Loan Restructuring Program para sa GSIS members

ni Fely Ng @Bulgarific | October 27, 2023

HELLO, Bulgarians! Kamakailan ay muling naglunsad ang Government Service Insurance System (GSIS) ng condonation at restructuring program na mas mahaba at abot-kayang payment terms upang makinabang ang mga former member, old-age pensioner, re-employed member, at iba pang mga borrower na may overdue loan.

Ang tinaguriang Restructuring Program for Service Loans (RPSL) ay one-time condonation at restructuring program na naglalayong bigyan ang mga delingkwenteng borrower ng mas flexible at mas magaan na opsyon upang bayaran ang kanilang due at demandable service loan gayundin ang kanilang mga multa at surcharge. Nilalayon din ng programa na mapabuti ang kahusayan sa pagkolekta ng pension fund’s loan.

“GSIS hopes to address the clamor of our members and pensioners who would like to settle their obligations in full or in part through flexible means,” pahayag ni GSIS President and General Manager Wick Veloso.

Maaaring mag-aplay ang mga borrower para sa RPSL over-the-counter sa alinmang opisina ng GSIS. Dapat silang magsumite ng duly accomplished RPSL application form kasama ang photocopy ng Phil ID, GSIS eCard, valid passport, o anumang dalawang valid government-issued ID.

Ang RPSL program ay sumasaklaw sa iba’t ibang mga service loan, na kinabibilangan ng GSIS Salary Loan; Enhanced Salary Loan; Restructured Salary Loan; Emergency Loan Assistance; Summer One-Month Salary Loan; Member’s Cash Advance; eCard Plus Cash Advance; Consolidated Loan; Enhanced Conso-Loan; Emergency Loan; Home Emergency Loan Program; Study Now, Pay Later; Fly PAL, Pay Later; Educational Assistance Loan; Stock Purchase Loan; Policy Loan; Optional Policy Loan; GSIS Financial Assistance Loan; Program for Restructuring and Repayment of Debts; Multi-Purpose Loan; Computer Loan; at iba pang mga loan sa hinaharap.

“By strengthening our loan collection efficiency, we are also protecting the financial health of the pension fund so that members may avail of benefit and services when they fall due,” sabi pa ni Veloso.

Para sa karagdagang impormasyon, maaaring bisitahin ang GSIS website (www.gsis.gov.ph) o GSIS Facebook page (@gsis.ph), mag-email sa gsiscares@gsis.gov.ph, o tumawag sa GSIS Contact Center sa 8847-4747 (kung nasa Metro Manila), 1-800-8-847-4747 (para sa Globe at TM subscribers), o 1-800-10-847-4747 (para sa Smart, Sun, at Talk 'N Text subscribers).

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Para sa anumang impormasyon, opinyon, isyu o maging imbitasyon, mag-e-mail sa bulgarific@gmail.com o sumulat kay Ms. Bulgarific at ipadala sa Bulgar Bldg., 538 Quezon Avenue, Quezon City.