Tag: GSIS

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Ping Lacson Bill Provides for Voluntary Membership in GSIS

Public servants who have served for at least nine years may soon have a chance to qualify for the retirement packages of the Government Service Insurance System (GSIS), if a bill filed by Sen. Panfilo “Ping” M. Lacson becomes law.

Through such voluntary membership in the GSIS, they can continue paying their remaining contributions to be eligible for the GSIS retirement packages, which require at least 15 years in government service.

“(I)t is the aim of this proposed measure to allow voluntary membership to members who have rendered at least nine (9) years of service in the government, and to allow them to continue paying for the remaining contributions needed for entitlement to GSIS retirement packages,” Lacson said in Senate Bill 37, “An Act Providing for Voluntary Membership in the GSIS, Amending for the Purpose RA 8291 Otherwise Known as the GSIS Act of 1997.”

“Allowing voluntary contributions in GSIS will likewise align its policy with that of the Social Security System (SSS), thus ensuring fairness and consistency across public and private sectors, especially for those who have moved between the two,” he added.

In Filipino: Voluntary Membership in GSIS, Posible sa Panukala ni Ping Lacson

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On the Issues Regarding the New Senate Building

While I agree with Senate President Francis Escudero’s decision to review the new P23.3B cost of the Senate building from the original P8.9B estimate when we started the construction, I would like to clarify the following:

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Senate Committee Hearing on MUP Concerns

Sen. Lacson’s Opening Statement at the Hearing

Good morning, everyone.

As a refresher, allow me to briefly recount where we left off after the Joint Committee Hearing that we conducted last February of 2021, pertaining to the proposed measures that seek to address the pressing concerns from the ballooning pension requirements of our Military and Uniformed Personnel (MUP).

Before the suspension of the said hearing, the Committee had requested the following:

1. For various MUPs to submit to the Government Service Insurance System (GSIS) the necessary data with respect to the new entrants, so the latter will be able to update its actuarial study dated 05 January 2021; and

2. For the agencies to submit complete data on the real properties to aid the Bureau of Internal Revenue (BIR) in computing the total value of assets that may be considered in establishing the seed fund.

This Committee has been informed that, to date, the GSIS is yet to update its actuarial study due to either incomplete or delayed submission of some agencies. We can skip this for now as we were told the aggregate amount involved is not substantial enough to contribute to the reduction of subsidies coming from the GAA. Not to mention that the incomplete submission of data has already delayed the crafting of the committee report.

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Hearing of the Senate Defense Committee on MUP Concerns

Sen. Lacson’s Opening Statement at the Hearing:

This is a continuation of our previous public hearing held last October 5, 2020, on the MUP pension bills referred to this committee, which was suspended with the commitment that an actuarial study would be conducted by the Government Service Insurance System (GSIS) together with our key stakeholders, such as the Bureau of Treasury and the MUPs, among others.

Just to refresh our memory, last year and this year’s appropriations reflect the veracity of this serious financial concern, given the steep increase in the MUPs’ pension funding from P80 billion in 2020 to P120 billion under the 2021 General Appropriations Act.

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Interview on DZRH | March 20, 2018

In an interview on DZRH, Sen. Lacson answered questions on the National ID system, including:
– specific information included in the ID
– security and privacy of the ID system
– readiness of other agencies to use the system

Related: Senate approves National ID bill on 3rd and final reading

Quotes from the interview…  Continue reading “Interview on DZRH | March 20, 2018”