Government Service Insurance System (GSIS) president and general manager Jose Arnulfo Veloso is advocating for the ASEAN Social Security Association (ASSA) to adopt a more cohesive and powerful regional economic strategy to enhance its global influence and fund sustainability.
Veloso, ASSA chairman for the 2024-2025 term, speaking during the 42nd ASSA board meeting, urged member institutions to align with the broader economic ambitions of the ASEAN region.
Veloso cited the need for the association, which represents a $1.3 trillion organization of long-term funds, to organize as a single economic bloc.
“We must ask ourselves if we are truly leveraging this collective strength,” Veloso said.
“It is imperative that we understand the strategic priorities of our economic leaders, from major infrastructure projects like the ASEAN highway to critical initiatives in data and food security,” he said.
Veloso challenged ASSA members to look beyond their individual mandates and collaborate on a unified front to significantly enhance their influence and ensure the long-term sustainability of funds for all regional pensioners.
He also urged members to actively engage with ASEAN finance ministers and leaders to identify key priorities for meaningful contribution.
The ASSA serves as a forum for regional social security institutions to exchange views, share best practices, and collaborate on the development of social security.
