COTABATO CITY: Some 6,000 employees from the Department of Education in the Autonomous Region in Muslim Mindanao (DepEd-ARMM) will finally get their refunds from the state pension fund Government Service Insurance System (GSIS), a DepEd-ARMM official said on Wednesday.
Lawyer Jamar Kulayan, DepEd-ARMM secretary, said an aggregate amount of more than P200 million is to be credited to the e-cards of these beneficiaries who are mostly teachers after their accounts have been reconciled and updated by the GSIS since the third week of August 2014.
Kulayan also announced that GSIS president and general manager Robert Vergara will convene with ARMM officials and GSIS members in Maguindanao and Cotabato City for a dialogue on November 14.
Based on the Memorandum of Agreement (MOA) signed by the ARMM and GSIS with the Department of Budget and Management (DBM) on June 11, the government insurance agency will refund the unpaid premiums deducted from the cash surrender value and maturity value of the DepEd employees.
More than one billion outstanding obligations, with condoned interest of the unpaid premiums, were paid by the DBM to the GSIS in favor of the DepEd-ARMM.