GSIS members, pensioners to get P19 billion loan refund

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April 7, 2026 | 12:00am

MANILA, Philippines — State workers and pensioners will receive refunds totaling over P19 billion under the three-month loan moratorium program of the Government Service Insurance System.

The GSIS will disburse the amount to ease financial burdens amid the rising costs of fuel and basic goods due to the Middle East crisis.

Around 1.37 million members and pensioners with active loan accounts will benefit from the “Balik Ginhawa” program, the GSIS said.

“This is a more responsive approach than a traditional moratorium. Instead of suspending payments, we are returning up to three months of amortizations in one lump sum, giving our members immediate support when they need it most,” GSIS president and general manager Wick Veloso said.

The program covers loan amortizations paid from December 2025 to February.

Refund amounts will vary depending on the number of payments GSIS borrowers made during this period.

GSIS data showed monthly loan amortizations range from P4,000 to P39,000, depending on the loan amount, translating to roughly P12,000 to P117,000 over three months.

Only those who made loan payments during the covered period are eligible for refunds, the GSIS clarified.

Sen. Imee Marcos earlier called on the GSIS, Pag-IBIG Fund, Philippine Health Insurance Corp. and Social Security System to suspend mandatory government contributions amid the energy emergency.