GSIS appoints 3 new trustees

The Government Service Insurance System (GSIS) has appointed three new trustees: Gilbert Tan Sadsad, representing the Philippine Public School Teachers Association, and Enrico Gregorio Molina Trinidad and Cenon Cruz Audencial Jr., representing banking, finance, investment, and insurance sectors.

These appointments follow the resignation of some board members who had reportedly called for the departure of GSIS president and general manager Jose Arnulfo Veloso.

The GSIS stated that the new appointments will enable its leadership to function as a unified and cohesive team committed to responsive public service.

The agency expressed confidence that the new trustees' extensive experience will be invaluable in sustaining and building upon the pension fund's achievements.

The previous summary mentioned allegations of mismanagement and questionable investments leading to losses exceeding P8 billion, and former Ombudsman Merceditas Gutierrez asking Veloso to resign, but these details are not present in the new article.