GSIS outlines strict safeguards to secure members’ funds — Veloso

The Government Service Insurance System (GSIS) reaffirmed its commitment to safeguarding members’ contributions through a disciplined and transparent investment strategy designed to ensure sustainable fund growth and long-term pension security.

In a media forum hosted by Atty. Siegfred Mison, GSIS President and General Manager Wick Veloso underscored the importance of a “principles-based process” in managing public funds.

“This discipline is crucial,” Veloso said. “We receive contributions of 21%, yet we are mandated to pay out a pension of up to 90% of our members’ average salary over their last three years of service. Our investment strategy must bridge that gap.”

Veloso explained that every investment undergoes rigorous review through multiple levels of oversight — the internal research office, the Assets and Liabilities Committee, and the Board’s Risk Oversight Committee — before approval.

“There are no shortcuts, and no single person decides. Every investment proposal is vetted… This system of checks and balances is non-negotiable,” he added.

The GSIS head, a veteran investment banker with over 40 years of experience, said the agency’s disciplined approach — grounded in liquidity, safety, and yield — has led to its impressive financial performance, posting a P112-billion net income as of September 2025 and P1.92 trillion in total assets, extending the fund’s life to 2058.

“Our members can be confident that a robust governance framework is in place to protect their fund,” Veloso said. “Our singular focus is on managing their money with the highest level of professionalism and integrity to guarantee their pension when they retire.”