GSIS RESOLUTION NO. 129, August 28, 2014

[ GSIS RESOLUTION NO. 129, August 28, 2014 ]

APPROVAL OF THE ENHANCED GSIS EMERGENCY LOAN PROGRAM

Adopted: 28 August 2014 Date Filed: 10 September 2014

WHEREAS, in 2011, the GSIS offered a loan window known as the Emergency Loan (EL) intended to provide assistance to its members in times of natural calamities and disasters;

WHEREAS, in recent years, the GSIS has extended the EL to its members affected not only by natural calamities but also by man-made phenomena such as armed conflicts;

WHEREAS, due to the frequency of the occurrence of calamities and other contingencies, there is a need to revise the Policy and Procedural Guidelines on the New GSIS Emergency Loan Program (PPG No. 212-11), which was approved under Board Resolution No. 197 dated 8 September 2011, in order to make it more responsive to the needs of affected members;

RESOLVED, to APPROVE and CONFIRM the adoption of the Enhanced GSIS Emergency Loan Program (Please see NAR Volume 25 No. 3, July to September 2014, pp. 1612-1619), as recommended by the Senior Vice President, Corporate Services Group and Corporate Planning Office, in her Memorandum dated 22 August 2014, a copy of which is made an integral part of this Resolution;

RESOLVED FINALLY, that Board Resolution No. 197 dated 8 September 2011 is hereby SUPERSEDED.

CERTIFIED CORRECT:

ATTY. MARIA THERESA ABESAMIS-RAAGAS Corporate Secretary

Confirmed:

(SGD) DANIEL L. LACSON, JR. Chairman

(SGD) ROBERT G. VERGARA Vice Chairman

(SGD) KARINA CONSTANTINO-DAVID Trustee

(SGD) GREGORIO T. YU Trustee

(SGD) ROMAN FELIPE S. REYES Trustee

(SGD) MARIO J. AGUJA Trustee

(SGD) ELISEA G. GOZUN Trustee

(SGD) ROMEO M. ALIP Trustee

(SGD) GERALDINE MARIE BERBERABE-MARTINEZ Trustee

FRANCISO T. DUQUE III (On Leave) Trustee