Tensions are rising within the Government Service Insurance System (GSIS) as several top executives are reportedly calling for the resignation of its president and general manager following alleged losses amounting to ₱8.8 billion.
According to insiders, the financial setback stems from risky investment decisions that failed to yield expected returns, sparking internal unrest among senior officials. Some GSIS board members and employees are said to have expressed concern over how the losses could affect the pension fund’s stability and public trust.
Calls for accountability have intensified, with critics urging a full audit of the investments and clearer transparency measures to protect the hard-earned contributions of government workers. The GSIS leadership, however, has yet to issue an official statement addressing the controversy.
The Department of Finance is also expected to look into the matter, as stakeholders await clarification on how the pension fund plans to recover from the reported losses.