The Government Service Insurance System (GSIS) have decided not to sell the “paintings” that was placed under their custody. Presidential spokesman Edwin Lacierda said yesterday. According to him, the paintings will not be sold until after a thorough study is made. Also, GSIS were planning to auction off the artworks like the Juan Luna’s Parisian Life worth P200 million to pay the state insurer’s debts and keep it on buoyant status. The sale of these artworks will help to pay their insurer’s educational plan holders and debts.
Aside from selling and planning to auction off the paintings left for them, Vergara said they would have to do force retirements for 16 of its top executives. They are also considering diminution of salaries, benefits and bonuses of their employees and officials. Other than this, they are also taking into account the sale of their real estate properties in Fort Bonifacio and Ortigas Center.
Sen. Lito Lapid, meanwhile, has filed a declaration asking why GSIS needs to suspend their housing loan program after failing to gather loans amounting to P11 million. This move raised suspicions of bankruptcy after GSIS chairman confirmed that the state insurer is struggling to collect the due loans.
Will their options of recollection help them pay all their insurer’s debts which were P15billion in estimation? Maybe it would help them raise money to meet its responsibilities to their members but GSIS should also maintain the directive to grant housing loans program to active and eligible members after all the agency is going through.
What will happen now to our dear GSIS members? But how about their employee’s and agency's poignant fate? I wonder what will really happen next…
i think morato is keeping a secret about this scandal thats why he dont want to transfer the PCSO office and he is just dragging the names of other people to divert the attention of the people to other issue... and besides filipino people are not really having a benefit from the PCSO especially the indigent one.. as what i'Ve heard in the news a lot of people who belongs the level as the poorest of the poor who tried to go to the PCSO office and ask for a help were not able to recieve ot granted for any help wich thay really deserve to have because that should be a legacy of the PCSO and its not happening under the management of Manoling Morato. it really caught my attention. there is something to de done. right? i hope you guys all agreed to me.
ReplyDeleteC.O.R.R.E.C.T! ! ! ^_^
ReplyDelete