GSIS disburses P765.5-M in Zamboanga

July 11, 2009 7:26 pm 

ZAMBOANGA CITY, July 11 — The Government Service Insurance System (GSIS) has disbursed a total of P765.5 million loans to its members and pensioners covered by the Zamboanga Regional Office in the first five months of this year.

Of the amount disbursed, P746 million in proceeds came from loans applied through the GSIS Wireless Automated Processing System (G-W@PS) kiosk while P19.7 million in proceeds came from loans applied over the counter (OTC).

GSIS Regional Manager Joselito Roldan Sr. said the loan products that are available through the G-W@PS include the Consolidate Loan (ConsoLoan), the P10,000-Cash Advance Plus (e-CAP), Emergency Loan, Optional Policy Loan and Policy Loan.

The ConsoLoan provided the biggest amount of proceeds from January to May this year through the G-W@PS at P695 million, according to Roldan.

Roldan said that P19.7 million in proceeds came from loans applied OTC. ConsoLoan and Pension Loan generated the biggest amount of proceeds amounting P51.5 million.

Roldan said his office has also processed P228 million in retirement claims from January to May this year; P19.4 million for survivorship claims; P84.4 million for regular life claims; and P14 million for optional life claims.

He said the GSIS Zamboanga Regional Office has a total of 73,922 active members, 14,664 old-age pensioners, 6,835 survivorship pensioners and 1,017 government offices as of May this year.

GSIS Zamboanga Regional Office has branch offices in Dipolog and Pagadian cities as well as a Satellite Office in Basilan province.

Loan proceeds disbursed in Mindanao from January to May this year totaled P3.59 billion.

GSIS President and General Manager Winston Garcia said the pension fund helps fuel economic growth in the region either directly or indirectly through the loans it disburses to its members and pensioners.

“When our members apply for loans, they usually use the money either for big purchases, to pay for another loan or to start business. Whichever the case may be, the money eventually finds itself to the market,” Garcia said.

“Despite the still unresolved problem in our system brought about by the faulty database management software of IBM Corporation, we are not allowing the situation to derail the delivery of our service to our stakeholders,” Garcia added.

He said the GSIS never ceased disbursing monthly pension benefits to its pensioners through their eCard Plus even at the onset of the DB2-incuded system crashes in March.

He said that the G-@@PS kiosks continue to facilitate the enrollment and activation of eCards.

Loan application may be done OTC during the times the kiosks are down although admittedly processing of loans will still take some time, according to Garcia.

Garcia assured all GSIS members and pensioners that the integrity of all membership date has not been compromised and no data is lost.

“For every step of a process, records are preserved and kept in perpetual storage,” he explained.

The GSIS filed a civil case last June 3 against the IBM Corp., IBM Philippines, and IBM business partner Questronix Corp. as it asked the court to order these companies to pay the GSIS P100 million in damages.

The 18-page complaint filed before the Pasay Regional Trial Court was an action for tort and breach of contract to hold the defendants liable for the damage caused by the defective software it licenses to the GSIS.

Tort law defines what constitutes a legal injury and establishes the circumstances under which one may be held liable for another’s injury.

The case stemmed from IBM’s database management software, called the IBM DB2, whose defect resulted in intermittent crashes in the GSIS system that paralyzed its operations. (PNA)

scs/Teofilo P. Garcia/rsm

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