The Government Service Insurance System (GSIS) said Wednesday it fully supports transparency and accountability in all its investment activities and will cooperate with oversight and regulatory bodies investigating its investment in online gaming firm DigiPlus Interactive Corp.
The pension fund issued the statement after Senator Risa Hontiveros revealed the GSIS had allegedly invested more than P1 billion of its funds in online gambling.
Senator Erwin Tulfo, chairperson of the Committee on Games and Amusement, said his panel would investigate the GSIS’s P1 billion investment.
Tulfo also expressed “strong disappointment to the GSIS leadership for disregarding the hard work of government employees and investing their hard-earned money and contributions in online gambling”.
The GSIS did not confirm how much it invested in DigiPlus, but said it welcomes the scrutiny and calls for public disclosure from various sectors.
“We are prepared to present all relevant documents and data to the appropriate authorities,” the fund said. “As stewards of public trust, we affirm our unwavering commitment to act in the best interests of our members and pensioners.”
The GSIS also assured its members, pensioners, and the public that its social insurance fund remains strong, secure and actuarially sound.
“As of June 2025, GSIS has total assets of P1.88 trillion and recorded a net operating income of P76.82 billion, representing a 31-percent increase compared to the same period last year. We have consistently enjoyed a five-year average return on investments at 6.75 percent,” it said.
“Still, we recognize that public trust must be continuously earned,” the GSIS said.
The GSIS said it would continue to review its charter, investment policies, risk exposure thresholds and sectoral guidelines, particularly those involving sensitive or high-risk industries.
“This will ensure alignment with our members’ evolving expectations and the highest standards of ethical and fiduciary responsibility,” it said.
“We remain guided by our mandate: to protect and grow the hard-earned contributions of government workers,” the fund said.
