MANILA, Philippines – The Government Service Insurance System (GSIS) has restored the full benefits of nearly 7,000 Philippine Postal Corp. (Philpost) employees in the National Capital Region.
A memorandum of agreement was signed by Philpost and GSIS following the reconcilation of service records of Philpost workers.
Under the agreement, Philpost will pay about P110 million representing unpaid premiums from June 24, 1997 to Nov. 30, 2012.
Since July 2012, GSIS has concluded 47 agreements with the postal agency, which allowed more than 20,500 employees to be reintegrated into the full coverage of the state pension fund.
Aside from Philpost, some 1,400 active and inactive employees of Philippine National Railways will again have access to GSIS benefits after PNR agreed to settle unpaid compulsory GSIS premium contributions.
Since 2010, the GSIS has signed agreements with a total of 149 suspended agencies that restored the loan privileges of more than 800,000 government workers.
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