GSIS grants three-month grace period on emergency loan payments

State pension fund Government Service Insurance System (GSIS) on Monday announced a three-month grace period on emergency loan payments for its members and pensioners in areas hit by Typhoons Tino (international name: Kalmaegi) and Uwan (international name: Fung-Wong).

In an advisory, GSIS said loans granted in November 2025 will begin amortization in March 2026, with the first payment due on or before April 10, 2026. Those that will be released in December 2025 will start in April 2026, payable on or before May 10, 2026.

Loans that will be granted in January 2026 will start amortization in June 2026 and payable by July 10, 2026, while loans released in February 2026 will start in July 2026, with payments due by August 10, 2026.

“This grace period is more than just a financial reprieve — it is a lifeline,” GSIS president and general manager Jose Arnulfo Veloso said.

“We know that many of our members and pensioners are struggling to recover from the back-to-back typhoons. By deferring their loan payments, we are giving them the time and space to heal, rebuild, and move forward without the immediate pressure of financial obligations,” he added.

The GSIS said its Emergency Loan Program, which opened last Friday, November 7, 2025, will remain available until February 7, 2026. Eligible members and pensioners can apply through the agency’s website, its mobile app, or in person through its offices.

Under its charter, the GSIS is mandated to ensure that its members are insured against the occurrence of certain contingencies in exchange for their monthly premium contributions. They are entitled to benefits such as life insurance, separation or retirement benefits, and disability benefits.

GSIS reported a P112-billion net income in January to September 2025, P35.4 billion higher than its P76.6-billion target. Revenues for the period increased to P260 billion, or P18.2 billion higher than its P241.8-billion target.

Uwan — previously a super typhoon — weakened into a typhoon early Monday morning, but Tropical Cyclone Wind Signal (TCWS) No. 4 remains raised over eight areas in Luzon, with lower signals hoisted across several areas in the country.

President Ferdinand “Bongbong” Marcos Jr. earlier declared a one-year state of national calamity, due to Typhoon Tino which battered the Visayas Island. —AOL, GMA Integrated News