The Government Service Insurance System (GSIS) is ready to extend assistance, including a special emergency loan program, to its members and pensioners in Bogo and other areas in Cebu declared as calamity areas following a magnitude 6.9 earthquake.
The earthquake caused structural damage and disrupted daily life for many in the province.
GSIS president and general manager Jose Arnulfo Veloso said the pension fund is prepared to provide financial relief to government workers and retirees affected by the disaster.
“We want our members and pensioners in Cebu to know that GSIS is with them. We are ready to provide immediate financial relief so they can recover from the impact of the earthquake,” Veloso said.
The GSIS Emergency Loan Program will be opened to qualified members and pensioners who reside or work in Cebu.
Eligible members and pensioners may borrow up to P40,000 if they have an existing emergency loan, or up to P20,000 if they have no outstanding balance.
The loan is payable in 36 months at a low interest rate of six percent per annum, with the first monthly amortization due after three months.
Veloso said the loan proceeds would be credited electronically through the borrowers’ ATM cards for a fast and safe release of funds. Members may conveniently apply via the GSIS Touch mobile app, GSIS Wireless Automated Processing System (GWAPS) kiosks, or through the GSIS e-service portals.
Aside from financial aid, GSIS is also coordinating closely with local government units and branch offices in Cebu to ensure uninterrupted service for members and pensioners who may need assistance with claims, benefits and other programs.
“We urge our members and pensioners in Cebu to use the GSIS Touch app for safer and more convenient transactions, especially during times of disaster,” Veloso said.
