thrusts that the GSIS is pursuing in order to achieve its vision. 98 With reference to the
internal and external analysis conducted by the agency in preparation for the Board
Conference in 2018, some of the other challenges identified are: implementation of
the Ease of Doing Business Law Act (RA 11032); need for comprehensive risk
management framework; asset-side focus of investment policies; and a need for IT
infrastructure support for the demands of the stakeholders and management. 99
The agency plans to expand its products and services through: Multi-purpose
loans; partnership with payment facilities for the acceptance of direct payments for
GSIS Individual Loans; and a joint GSIS-CSC circular making GSIS pre-retirement
seminar as part of the employee’s clearance requirement. They also plan to have a
pension review to assess an increase in the maximum limit of the yearly cash given to
pensioners; and correction of Average Monthly Compensation (AMC) computation in
accordance with RA 8291. The agency is also looking into making use of new
technology like mobile connectivity and accessibility (i.e. Motor Vehicle Claim
System).100
98 Ibid.
99 Ibid.
100 Based on answers sent by the agency through email. Available from
https://drive.google.com/open?id=1-TtV12d8o6Mh-9CNIJZ9i6OdKpDTOyp4
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