Wick Veloso Returns to GSIS, Unveils New Programs for Members and Pensioners

Government Service Insurance System (GSIS) President and General Manager Wick Veloso yesterday announced a pipeline of initiatives designed to provide greater support for government employees and pensioners.

Speaking at the Kapihan sa Manila Bay News Forum, Veloso highlighted GSIS’s financial stability.

“GSIS is strong and continues to grow. Our focus is not on the past but on building a future where members and pensioners feel the full value of their contributions. We are committed to completing what we have started,” he said.

The initiatives presented by Veloso include:

• Review of GSIS dividend policies to better address member concerns;
• Proposed housing project at Manila North Harbor, in partnership with Mayor Isko Moreno, to redevelop idle GSIS property into livable communities;
• Potential collaboration with the Department of Health, Philippine Health Insurance Corporation, University of the Philippines – Philippine General Hospital (UP – PGH), and the Philippine Pharmaceutical Corporation to make affordable medicines accessible to government workers and retirees;
• Partnership with UP to construct hospital lodging and commercial facilities at UP–PGH in support of government doctors;
• In line with the directive of President Ferdinand R. Marcos Jr., a joint project with the Department of Transportation to establish a transportation hub aimed at easing congestion and improving commuter mobility; and
• Expanded promotion of the Lease With Option to Buy (LWOB) housing program to enable more members to access affordable housing.

Veloso also reported continued growth in GSIS assets, which rose from ₱1.54 trillion in 2022 to ₱1.88 trillion at present, with 73 percent invested in safe, risk-free instruments.

“Every peso entrusted to us by our 2.1 million active members and nearly 600,000 pensioners is managed with discipline and returned to them through benefits that matter—pensions, loans, housing, and healthcare,” he said.