Veloso to Senate: GSIS fund growing strong, managed with discipline

Government Service Insurance System (GSIS) President and General Manager Wick Veloso assured senators and members on Tuesday that the state pension fund is “safe, secure, and continues to grow,” citing robust fund performance and responsible investment practices.

Speaking at the Senate Committee on Government Corporations and Public Enterprises inquiry, Veloso emphasized that GSIS invests with discipline, not speculation. “We do not gamble with our members’ hard-earned funds. Our approach is anchored on transparency, research, and a clear vision for long-term growth. Every decision is carefully vetted to ensure safety and sustainability,” he said.

Veloso reported that the GSIS fund expanded from ₱1.54 trillion in 2022 to ₱1.88 trillion as of June 2025, an increase of more than ₱300 billion in just three years. In the first half of 2025 alone, the pension fund earned ₱172.7 billion, with ₱77.82 billion in net income, 30 percent higher year-on-year. The fund’s actuarial life now stretches to 2058, securing benefits for decades to come.

He highlighted that this growth is already improving the lives of members:

• ₱413 billion in low-interest loans have helped 1.9 million members escape predatory lending;
• 4,547 families now own homes through GSIS housing initiatives;
• ₱29.5 billion in emergency loans were released to more than 1 million members in times of need; and
• 99.6 percent of transactions are now digital, cutting queues and paperwork.

“These are the real dividends of GSIS fund growth: peace of mind for our members, dignity for our retirees, and better opportunities for government employees and their families,” Veloso said.

Veloso also welcomed the legislative review of the GSIS Charter, saying it is an opportunity to strengthen safeguards and transparency.

“We are committed to work hand-in-hand with lawmakers to ensure the fund remains strong and responsive to members’ needs. This is not just our duty but our solemn vow,” he concluded.