NextGen Day

On Wednesday, President Ferdinand R. Marcos Jr. requested the Government Service Insurance System’s (GSIS) “active and continuing” support for his administration’s proposed changes to the military and uniformed personnel (MUP) pension system.

For its participation in the current “comprehensive and multisectoral” discussions over the suggested MUP pension reform, Marcos extended his gratitude to the GSIS.

“I would want to use this opportunity to ask for the GSIS’s active and ongoing cooperation regarding a unique matter as part of our conscious and joint endeavor to ensure that no one is left behind on our path to economic transformation. With all the legal and financial difficulties it has faced, the pension system for our armed forces and uniformed people is a tremendous endeavor; he remarked in his remarks at the 86th-anniversary commemoration of GSIS in Pasay City.

“Thorough, multisectoral conversations are currently underway. And I appreciate GSIS’s cooperation because this continuing process greatly benefits from their expertise and newly developed talents.

To develop a “reasonable” proposal to restructure the MUP’s pension system, the finance, budget, defense, interior, and local government departments have begun conversations and consultations with relevant organizations and stakeholders.

By the current pension system, MUP receives an upgrade in rank upon retirement, and their monthly pension is automatically adjusted to the pay of actively employed employees.

In light of the GSIS’s experience and standing, particularly in fund management, preserving actuarial solvency, and strategic income-generating operations, Marcos voiced the hope that the organization would stay active in the current negotiations.

The MUP pension fund, he claimed, “is as important, urgent, and humanitarian as the pension system of all civilian government employees,” he stated. Therefore, it is crucial that we set up the best strategic mechanism to get it working or, at the absolute least, to begin laying the groundwork for the system that will work in the long run.

adopting digital

The state pension fund can now conduct just “4.6 percent” of its business over the counter, thanks partly to the GSIS’s digitalization attempts.

Marcos expected that all government organizations will follow the GSIS’ lead and digitize most of their services.

Given the requirements of these intricate activities, it is essential to fully embrace digital transformation, especially in this period of quick technological development. And we must use the most cutting-edge digital tools to ensure effective data organization, correctness, reliability, and security.

GSIS shows the way. The company’s main clientele, the Filipino civil servant, stands to gain greatly from this digitalization push. Enhancing service delivery will also increase government employees’ job happiness, morale, and productivity.

In addition, Marcos praised the GSIS for continuing to be “strong, vital, and relevant”. He urged the organization to uphold its “positive” reputation with the same zeal and determination to secure its organizational resilience.

He promised that the GSIS, which continues to service nearly 2.5 million government employees, including the highest public officials, would have the full backing of his administration.

The administration will support all of your endeavors as you improve yourself for the benefit of our incredibly hardworking government workers, I can assure you as president. He said on the way to the next century, uphold professionalism, ethics, and service excellence.

On the same day in 1937, the GSIS formally launched its business with 58 workers and an only life insurance product.

Eighty years later, and with the development of information technology, GSIS members benefit from quick and simple service thanks to the combined efforts of agency employees from the past and present.

During the agency’s 86th anniversary celebration, the GSIS Touch mobile application and the GSIS Pabahay project in Quezon City were also unveiled.

The GSIS also permitted accredited Kadiwa farmers cooperatives and associations from different regions to sell agricultural and fishery products to its employees, members, pensioners, and visitors to support the administration’s initiative to provide accessible and affordable food commodities for Filipinos.

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