The bill rewrites the GSIS charter to base benefits on the months you actually paid premiums, updates how average pay and pensions are calculated, makes all benefits timeless, lets the agency buy reinsurance without the usual procurement rules, and gives GSIS tax‑exempt status and greater autonomy over its budget and operations.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB01127. Status changes over time; check the link for the latest.
HB01127 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.