GSIS, SSS offer educational loans

by | May 3, 2012 | Headlines, National News

MEMBERS of the Government Service Insurance System (GSIS) and the Social Security System (SSS) can now borrow money from the government so they or their children can complete college or get vocational courses.

The P11.2-billion education assistance fund was among the benefits announced by President Benigno S. Aquino III during the Labor Day celebration last May 1 in Malacañang.

In a statement on Tuesday, Budget and Management Secretary Florencio Abad said the EAFP would allow 200,000 SSS members and 1.4 million GSIS members to receive funding assistance for four-year degree programs as well as technical and vocational courses.

Abad said the move is also part of the government’s move to help strengthen the country’s workforce.

Under the EAFP, Abad said P4.2 billion will go to GSIS members, while P7 billion will be allotted to the SSS.

Any GSIS member can borrow P4,000 per semester at 6 percent interest payable over a 5- year period, while an SSS member with a monthly salary of P10,000 can avail himself of as much as P120,000 in education assistance. (PIA)

DepEd, GSIS gipaabot nga dunay alagdaan nga kauyonan sa retirement benefits

by | Oct 6, 2010 | Headlines, National News

ANG Department of Education (DepEd) ug ang Government Service Insurance System (GSIS) adunay gipaabot nga alagdaang kasabutan aron pagseguro sa saktong entries sa service records sa mga public school teachers ug sa mga non-teaching personnel sa DepEd.

Matud pa ni Education Secretary Armin Luistro nga ang DepEd mopahigayon og mas maayong serbisyo alang sa mga empleyado sa edukasyon aron pag protihir sa ilang mga dawatonon’g benepisyo.

Gisaulog sa mga magtutudlo karong adlawa ang “World Teachers’ Day”.

Ang duha ka ahensya aduna nay memorandum of agreement (MOA) niadtong Disyembre 12, 2005 nga naghimo sa updating sa mga service records (SRs) sa DepEd personnel. Ang GSIS maoy nihatag og pundo sa maong proyekto. Hinuon, ang GSIS nitahu nga aduna lamang 385,258 gawas sa 520,660 nga gipaabot nga SRs ang gi submitir, diin 291,193 ang na properly validated ug na uploaded sa GSIS database.

Pinaagi sa maong kasabutan, ang GSIS modawat og dugang SRs gikan sa DepEd aron pagseguro sa accuracy sa ilang database. (PIA-Bohol)