The Government Service Insurance System (GSIS) posted a net income of P123 billion in the first nine months of 2026, up 14 percent from P108 billion in the same period last year, putting the state pension fund on firmer ground to expand services and finance renewable energy programs for its members.
Total assets reached P2.07 trillion as of September 30, rising P140 billion from the P1.93 trillion recorded a year earlier, the agency reported Thursday. Gross revenue climbed 8.6 percent to P278 billion, while investment income jumped 25 percent to P69 billion from P55 billion. Premium contributions also grew to P160 billion, outpacing the P143 billion paid out in claims and benefits.
The fund also operated efficiently, keeping personnel and operating expenses at P8 billion—25 percent below budget—with an administrative loading rate of just 2.58 percent, well under the 12 percent limit set by its charter. An independent actuarial review confirmed the fund remains financially sustainable through 2058, underscoring its long-term ability to serve current and future members.
GSIS President and General Manager Jose Arnulfo “Wick” Veloso said the strong results allow the agency to step up support for members and pensioners, especially as the El Niño weather pattern pushes up electricity costs.
“Our strong financial performance allows us to do more for our members and pensioners. With El Niño potentially driving up electricity consumption and household expenses, we want to mobilize our resources to make renewable energy solutions more accessible and affordable,” Veloso said.
Backed by its financial standing, GSIS is scaling up its Ginhawa Solar Energy Loan (GSEL) program, which offers affordable financing for residential solar systems. As of November 11, 2026, the fund had received 66,233 applications valued at P19.81 billion, with P10.12 billion already released to borrowers. It also offers the Ginhawa Bike and E-Mobility Loan (GBEL) to help members cut transportation costs.
The fund’s solid investment performance recently earned it recognition as the Top Investment House for Local Currency Bonds — Pension Funds category in The Asset Benchmark Research Awards.
“Every gain in income and assets strengthens our ability to deliver pensions, benefits, and affordable loans. We are growing the fund while keeping costs low because these resources ultimately belong to our members and pensioners,” Veloso added.
The initiatives align with the Marcos administration’s goals of promoting affordable energy, financial security, and climate resilience, while advancing the country’s renewable energy and energy security targets.
