GSIS rolls out 3-month loan moratorium through refund

MANILA, Philippines – The Government Service Insurance System (GSIS) will implement Balik Ginhawa, a modified three-month loan moratorium to provide financial relief to government workers amid the impact of rising living costs. In a news release on Wednesday, the GSIS said that unlike a traditional loan moratorium where members temporarily stop paying and receive the benefit gradually over several months, Balik Ginhawa provides assistance through a refund mechanism, allowing members to receive the equivalent of three months’ loan amortizations in one lump sum. READ: Easter emergency bonus for SSS, GSIS pensioners pushed by lawmaker Under the program, GSIS will continue loan […]... Keep on reading: GSIS rolls out 3-month loan moratorium through refund

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