GMA News
Gov't workers, retirees' groups back Veloso as GSIS chief amid fund concerns
The Philippine Government Employees Association (PGEA) has expressed skepticism regarding claims of financial losses at the Government Service Insurance System (GSIS).
This doubt comes after current and former high-ranking GSIS officials called for the resignation of General Manager Jose Arnulfo "Wick" Veloso, citing alleged poor investment decisions leading to an P8.8 billion loss.
PGEA president Esperanza Ocampo stated that the organization does not perceive actual losses, asserting that the GSIS possesses adequate funds and continues to generate earnings.
The officials who demanded Veloso's resignation cited a lack of transparency in his investment strategies.
The letter demanding Veloso's resignation was signed by several committee chairs and board members, including Ma. Merceditas Gutierrez and Emmanuel de Leon Samson.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Three organizations representing government employees and retirees have expressed their full support for the leadership of the Government Service Insurance System (GSIS) under President and General Manager Jose Arnulfo "Wick" Veloso.
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President Ferdinand Marcos Jr. is reviewing calls for the removal of Government Service Insurance System (GSIS) President and General Manager Jose Arnulfo "Wick" Veloso due to allegations of gross mismanagement and policy violations.
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House resolutions have been filed to investigate alleged anomalous investments by the Government Service Insurance System (GSIS).
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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.
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