GSIS Earmarks P260-M Emergency Loan

State-run Government Service Insurance System (GSIS) has earmarked P260.8 million in emergency loan for its members affected by heavy rains and flooding in the Visayas region.

In a statement, Robert G. Vergara, GSIS president and general manager said that members residing or working in Aklan, Cadiz City, Negros Occidental and nine municipalities in Leyte may apply for emergency loan until February 27.

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P2.5B allotted to settle unpaid GSIS dues of teachers

The national government has earmarked an initial P2.5 billion to settle the unpaid compulsory social security contributions of thousands of public school teachers, House Assistant Majority Leader and Cebu Rep. Eduardo Gullas said recently.

The new allocation for the overdue contributions to the Government Service Insurance System (GSIS) is contained in the Miscellaneous Personnel Benefits Fund of the proposed P1.816-trillion General Appropriations Act for 2012, according to Gullas.

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