Government Service Insurance System (GSIS) president and general-manager Jose Arnulfo Veloso announced a series of new initiatives to provide more support for government employees and pensioners.
Speaking at the Kapihan sa Manila Bay News Forum, Veloso cited GSIS’s financial stability. “GSIS is strong and continues to grow. Our focus is not on the past but on building a future where members and pensioners feel the full value of their contributions. We are committed to completing what we have started,” he said.
Veloso announced a review of GSIS dividend policies; a proposed housing project at Manila North Harbor in partnership with Mayor Isko Moreno to redevelop idle GSIS property; and potential collaborations with the Department of Health, Philippine Health Insurance Corp., University of the Philippines-Philippine General Hospital (UP-PGH) and the Philippine Pharmaceutical Corporation to make medicines more affordable for government workers and retirees.
He also announced plans to team up with the University of the Philippines to build hospital lodging and commercial facilities at UP-PGH and work with the Department of Transportation to establish a transportation hub, in line with a directive from President Ferdinand Marcos Jr.
Veloso said the GSIS would also expand the promotion of the Lease With Option to Buy (LWOB) housing program.
He said the GSIS assets grew from P1.54 trillion in 2022 to P1.88 trillion today, with 73 percent invested in “safe, risk-free instruments.”
“Every peso entrusted to us by our 2.1 million active members and nearly 600,000 pensioners is managed with discipline and returned to them through benefits that matter—pensions, loans, housing and healthcare,” he said.
