The Government Service Insurance System (GSIS) on Sunday denied allegations by the Alliance of Concerned Teachers (ACT) that the state-run pension fund for government workers had incurred an P8-billion loss.
The GSIS said the purported “P8.8-billion loss” is baseless and does not exist in its official financial records, attributing the claims to incomplete information.
It said its investment process is strict, careful and adheres to all laws and regulations, noting that it invested in a publicly listed holding company, not a gambling firm.
The pension fund highlighted its financial performance as of August 2025 as a testament to its stewardship. It said its total assets have grown to P1.92 trillion from P1.53 trillion in July 2022, a more than P400-billion increase.
Net income reached P100.02 billion as of August 2025, outperforming the budget by 51 percent and surpassing the prior year. Total income stood at P231.06 billion, led by strong premium contributions and investment returns.
The GSIS also noted that its fund life remains securely extended to the year 2058. It cited these results as the direct outcome of its stability-focused strategy and expert asset management.
The statement follows the return of GSIS president and general-manager Jose Arnulfo Veloso from a preventive suspension, ensuring continuity in the leadership that achieved the record-breaking performance.
The GSIS assured members that its sole mission is to safeguard their contributions and deliver benefits, urging them to rely only on official announcements and verified data.
 denied claims of an P8-billion loss by the Alliance of Concerned Teachers (ACT), highlighting its P1.92 trillion in assets, P100.02 billion net income, and stable Fund Life until 2058 as proof of its secure, data-driven investment strategy.){kind=link}