The Government Service Insurance System (GSIS) on Thursday, Dec. 28, said it would focus on its 4Ps sectors and improve its loan schemes next year.

“Sa 2024 ay patuloy na susuportahan ng GSIS ang apat na pangunahing sektor na kinikilala natin bilang 4Ps. Una, pabahay o housing. Power o energy. Pagkain or food and pagamot o healthcare. Isama mo pa diyan ang isang 'p' and pautang,” President and General Manager Jose Arnulfo “Wick” Veloso said in the latest episode of GSIS Ginhawa For All.

According to the GSIS chief, these sectors were at the forefront of the administration’s socio-economic agenda.

“Ang pag-invest sa kanila ay katumbas ng direktang puhunan sa kapakanan at kinabukasan ng ating bansa at ng mga Pilipino,” he added.

Expand MPL Flex program

Veloso said the state pension fund was eyeing expanding its MPL Flex program, particularly concerning loan buyouts.

“Ang balak po natin sa 2024 ay papalawakin po ang MPL Flex program at lagyan ito ng buyout feature dahil mukhang ito ay kinakailangan upang matulungan ang mga miyembro na nagkaroon ng utang sa ibang mga nagpapahiram sa kanila na napakataas ng interest,” he said.

The GSIS chief said they aimed to help the agency’s employees to pay off their respective loans.

“Ang gusto natin magawa ang MPL Flex ay matulungan sila. Ang loan program natin na yan, 6 percent lang ang interest hanggang 15 years ang payment term. P5 milyon ang pwedeng mautang depende sa qualifications ng borrower at kahit isang buwan ka pa lang nakakapaghulog sa GSIS ng premium ay pwede ka nang makautang,” he said.

The problem was regarding the challenges revolving around the planned loan buyout feature, according to Veloso.

“Kung bibilihin natin ang utang ng ating mga miyembro doon sa nakapagpautang sa kanila, maraming magiging challenges kaya nire-review naming mabuti,” he added.