Manila: The Government Service Insurance System (GSIS) assured the public on Thursday that its investment operations are governed by stringent standards and robust safeguards to ensure the responsible management of its members’ contributions.

According to Philippines News Agency, speaking at The Agenda media forum, GSIS President and General Manager Wick Veloso emphasized that transparency and discipline are the foundation of the pension fund’s investment strategy. Veloso highlighted that there are no shortcuts in their processes, and no single individual has the power to make unilateral decisions.

Every investment proposal undergoes thorough scrutiny by the internal research office, an Assets and Liabilities Committee, and a Board-level Risk Oversight Committee before being presented to the full Board for a vote. Veloso described this system of checks and balances as non-negotiable and crucial for maintaining the fund’s integrity.

He further stated that this rigorous process has contributed to the GSIS’s financial stability, with total assets reaching PHP1.92 trillion and a net income of PHP112 billion as of September. Veloso assured members that a robust governance framework is in place to protect their contributions, reinforcing their commitment to managing the fund with professionalism and integrity to secure members’ pensions upon retirement.