Tag: government employees
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GSIS Introduces Debt Consolidation Program to Support Government Workers
The Government Service Insurance System (GSIS) has rolled out a new initiative called MPL Max, designed to alleviate the financial strain on government employees by allowing them to consolidate their debts. Announced on February 3, 2025, this program enables members to combine their loans from GSIS and other lenders into one manageable loan with a…
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GSIS Introduces Debt Relief Initiative for Government Workers
The Government Service Insurance System (GSIS) has rolled out a new loan buyout program on February 3, 2025, designed to alleviate the financial strain on its members. This initiative, known as MPL Max, enables government employees to consolidate their existing loans from GSIS and other lenders into one manageable loan with a favorable interest rate…
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GSIS Receives $272 Million from Infrastructure Fund, Enhancing Pension Stability
MANILA – The Government Service Insurance System (GSIS) has bolstered its pension fund with a substantial $272 million payout from the Macquarie Asia Infrastructure Fund 2 (MAIF2) as of December 30, 2024. This financial boost, equivalent to about PHP15.8 billion, comes from the sale of MAIF2’s shares in AirTrunk, a leading data center operator in…
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Government Employees to Receive P7,000 Medical Allowance in 2025
MANILA – Budget Secretary Amenah Pangandaman announced on Friday that the Department of Budget and Management has allocated funds for the 2025 medical allowance for government employees. The allowance, amounting to PHP7,000 per employee, has been disbursed to various departments and agencies, accompanied by specific guidelines for its use. Pangandaman emphasized that the process for…
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GSIS and PGEA Launch Speakers’ Bureau to Combat Misinformation and Educate Members
In a strategic move to enhance member education and combat the spread of fake news, the Government Service Insurance System (GSIS) and the Philippine Government Employees Association (PGEA) have established a Speakers’ Bureau. This initiative was formalized during a meeting at the GSIS head office in Pasay City, led by GSIS President and General Manager…
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GSIS Brings Home Ownership Dreams to Life for Over 5,000 Government Workers
MANILA – The Government Service Insurance System (GSIS) has significantly advanced the goal of home ownership for more than 5,000 of its beneficiaries through the Pabahay sa Bagong Bayaning Manggagawa (PBBM) initiative. This effort is part of a broader strategy that includes the Lease with Option to Buy (LWOB) and the Housing Accounts Restructuring and…
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GSIS Multi-Purpose Loans Hit Record P289 Billion, Aiding Over 1.2 Million Government Workers
In a significant financial milestone, the Government Service Insurance System (GSIS) announced that its Multi-Purpose Loan (MPL) programs have disbursed a record-breaking PHP289 billion in 2024, supporting over 1.2 million government employees across the Philippines. The MPL Flex program, launched in September 2023, alone has provided PHP282 billion to 1,049,246 members, marking a 35.5 percent…
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GSIS Loan Programs Set Record with P289 Billion Disbursed
In a significant achievement, the Government Service Insurance System (GSIS) announced that its Multi-Purpose Loan (MPL) programs have disbursed a record-breaking P289 billion in 2024, aiding over 1.2 million government workers across the Philippines. Launched in September 2023, the MPL Flex program alone has provided P282 billion to 1,049,246 members, marking a 35.5% increase from…
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GSIS Multi-Purpose Loans Reach Record P289 Billion, Supporting Over 1.2 Million Government Workers
In a significant financial milestone, the Government Service Insurance System (GSIS) announced that its Multi-Purpose Loan (MPL) programs have disbursed a record-breaking PHP289 billion in 2024, aiding over 1.2 million government employees across the Philippines. The MPL Flex program, launched in September 2023, alone has provided PHP282 billion to 1,049,246 members, marking a 35.5 percent…
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