GSIS to extend emergency loans to members, pensioners

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Here’s good news for Government Service Insurance System (GSIS) members and pensioners amid the crisis brought about by the coronavirus disease 2019 (Covid-19) outbreak.

GSIS president and general manager Rolando Ledesma Macasaet said in a news release posted Sunday, March 22, 2020, on the GSIS Facebook page that this is done in response to the appeal of Senator Bong Go, who asked that the GSIS provides assistance to its members and pensioners.

He added that they are still making adjustments in their systems to activate the nationwide implementation for the emergency loan availment. Senator Go, chair of the Senate Committee on Health and Demography, earlier asked GSIS to waive penalties for delayed remittances, release pensions early, and grant emergency loans.

Also, GSIS extended the due date for housing loan payments and rental payment for investment properties falling due this March, which could also be paid on May 10 without any penalty.

 

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