The Government Service Insurance System (GSIS) is assuring its 2.7-million members and pensioners of the continued strength and stability of the pension fund following the filing of House Resolution No. 415 seeking an inquiry into its investment activities.
GSIS president and general manager Wick Veloso emphasized that the fund remains financially sound and well-managed.
Fund remains secure
“As of August 2025, GSIS total assets have reached P1.92 trillion, with a net income of P100 billion. These figures clearly show that the fund continues to grow and remains secure,” Veloso said.
He clarified that the reported P8.8 billion “loss” mentioned in earlier news reports is baseless and does not appear in the GSIS’ official audited financial statements.
“All our investments follow three fundamental principles: safety, liquidity, and yield,” he explained. “Every investment undergoes rigorous evaluation by our Investment Committee, Risk Oversight Committee and the Board of Trustees. Each transaction is subjected to due diligence and strictly complies with the investment policies prescribed under Republic Act 8291.”
Transparency and accountability
Veloso reaffirmed that GSIS continues to uphold transparency and accountability, citing recent dialogues with stakeholders such as the Teachers’ Dignity Coalition, Action and Solidarity for the Empowerment of Teachers, Philippine Government Employees Association, Philippine Alliance of Retired Educators and the GSIS Retirees Association.
“These consultations are part of our commitment to engage with members and pensioners directly, to clarify issues, and to ensure that correct information is shared,” he said.
The GSIS reiterated that it operates strictly within its legal and governance framework.
“We safeguard and grow the contributions of government workers through prudent, lawful, and transparent investments,” Veloso said. “We ask the public to refer only to official, audited reports for an accurate understanding of GSIS’ financial performance.”
The GSIS management reaffirmed its mission to ensure a secure and sustainable future for every member and pensioner, consistent with its guiding principle of Ginhawa for All.