UNRELENTING in its pursuit to support the state’s education program for the young Fiilipinos, the Government Service Insurance System (GSIS) will release a total of P100 million financial assistance to 10,000 qualified children of GSIS members.

The funding shall be made through the GSIS Educational Subsidy Program (GESP) for academic year (AY) 2022 to 2023.

The qualified children of members will receive an educational subsidy of P10,000 per academic year.

“We share President Marcos’s view that education is the foundation of a prosperous nation. Kaya naman nais naming mabigyang ginhawa ang aming mga miyembro na nagpapa-aral ng kanilang mga anak sa kolehiyo. Nawa ay makabawas ito sa kanilang gastusin,” said GSIS President and Manager Wick Veloso.

The list of qualified grantees for AY 2022-2023 may be viewed through the GSIS website (http://www.gsis.gov.ph).

The GSIS Corporate Social Advocacies and Public Relations Facilities Department received a total of 12,140 applications nationwide.

Of the 10,000 applicants who were selected as grantees of GESP for AY 2022-2023, a total of 1,235 grantees are from the National Capital Region; 2,212 grantees, from North Luzon; 2,251 grantees, from South Luzon; 2,005 grantees from the Visayas Region; and 2,297 grantees, from Mindanao Region.

The member-grantees were selected based on the members’ employment status, annual basic salary, and loan payments.

Likewise, the qualified children of members are enrolled in any year level of a 4- or 5-year course in a Commission on Higher Education – registered private institutions or state universities and colleges with a general weighted average of 80%.

To receive the subsidy, new GESP recipients must submit the duly signed and notarized GESP agreement, information sheet with two copies of the student’s latest 2×2 ID pictures, and Land Bank of the Philippines account number.

These requirements must be submitted to the nearest GSIS office within 60 calendar days from the publication of the list of qualified students in the GSIS website or official social media account.

Meanwhile, the Philippine Health Insurance Corporation (PhilHealth) has acknowledged the decision of the Supreme Court affirming the Commission on Audit’s (COA) ruling that disallowed certain allowances given by the Corporation in 2014.

PhilHealth said it immediately discontinued the subject allowances after receipt of the Notice of Disallowance from COA.

The subsequent benefits given to PhilHealth employees have since been aligned with those prescribed under the Salary Standardization Law IV, and now with the Compensation and Position Classification System (CPCS) issued by the Governance Commission for Government-Owned and Controlled Corporations (GCG).

However, PhilHealth maintained that those allowances were given in good faith, above board, not extravagant and most of all, well deserved by the hardworking officers and employees of the state-insurer.

Meantime, PhilHealth said it will be waiting for the decision of the Supreme Court on its Motion for Reconsideration filed last December 20, 2022.

PhilHealth said it will fully comply with the directive of the Court once issued with finality.

The agency also assured that it’s prudent in administering its funds, and ensured that meeting its financial obligations, especially the payment of benefit claims, is always its top priority.

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