GSIS-Pagadian holds consultative meeting; updates members on reforms, policies implemented
- Source: http://news.pia.gov.ph/article/view/1431433807071/gsis-pagadian-holds-consultative-meeting-updates-members-on-reforms-policies-implemented
- Wednesday, June 10, 2015
- By Franklin P. Gumapon (FPG/PIA9)
PAGADIAN CITY, June 10 (PIA) – Active members of the Government Service Insurance System (GSIS) have converged here Monday for the third consultative meeting, tackling the reforms and policies currently pursued by the agency.
Invited to the said gathering were the officers or representatives of government workers’ unions both from the national government agencies (NGAs) and local government units (LGUs) as well as retirees and pensioners.
In his presentation, Atty. Dionisio C. Ebdane Jr., senior vice president for Visayas-Mindanao group, emphasized that the GSIS now is more consultative, transparent and member-focused to regain the trust of its members.
Ebdane also presented the reforms undertaken by the present GSIS management like the restoration of survivorship benefit (which was suspended in 2009), no more ARAS (annual renewal of active status) for pensioners, increased minimum basic pension to P5 thousand, payment of proportionate pension, choice of loan amortization schedule for pensioners, no more suspension of employees of suspended agencies, re-engagement with Land Bank of the Philippines, partnership with agencies to avoid overlaps in functions, and reduction of interest rate at 6 percent for emergency loans, among others.
He also disclosed that the GSIS was able to reduce the volume of inaccurate statements of accounts from P30 billion in 2010 to P2.4 billion in 2014.
With the reforms implemented by the agency, the number of suspended agencies has also gone down from 315 in 2010 to 92 in March 2015.
Under the present leadership, Ebdane said, the GSIS has been able to earn a net income of P139 billion in 2014 from P63.91 billion in 2010 and its total assets now account for P910 billion from P506.19 billion in 2009.
To sustain these gains, Ebdane has appealed to all members to stay vigilant and actively participate in consultative dialogues to protect the state workers’ money with the GSIS.