The Government Service Insurance System (GSIS) has detailed the rigorous, multi-layered safeguards guiding its investment strategy, affirming the security and responsible growth of its members’ funds following a recent announcement of strong financial performance.
The discipline is the bedrock of the fund’s management, according to GSIS president and general-manager Jose Arnulfo Veloso, who spoke at “The Agenda” media forum hosted by Atty. Siegfred Mison.
“We receive contributions of 21 percent, yet we are mandated to pay out a pension of up to 90 percent of our members’ average salary over their last three years of service. Our investment strategy must bridge that gap,” Veloso said.
He said that “no single person decides” on investments, noting that every proposal is first vetted by an internal research office, an assets and liabilities committee and a board-level risk oversight committee before being presented to the full board for a vote.
Veloso, who has four decades of experience as an investment banker, said this system of checks and balances is “non-negotiable.”
This approach, anchored on the core principles of liquidity, safety and yield, helped the fund achieve success, including a net income of P112 billion as of September 2025 and total assets of P1.92 trillion. This financial performance secured the fund life until 2058.
“Our members can be confident that a robust governance framework is in place to protect their fund,” Veloso said.
“Our singular focus is on managing their money with the highest level of professionalism and integrity to guarantee their pension when they retire,” he said.
