WebRepublic Act No. 8291, otherwise known as "The Government Service Insurance System Act of 1997," mandated respondent to maintain a provident fund subject to rules and regulations it may adopt. Thus: SECTION 41. Powers and Functions of the GSIS. — The GSIS shall exercise the following powers and functions: x x x x WebAccused Galasinao claimed that he was not mandated by law to remit the GSIS contributions of the municipal employees and that his participation is allegedly limited to computing the necessary and compulsory deductions from an employee's monthly salary and preparing the necessary disbursement vouchers, expenditure reports, and other …
GSIS explains Portability Law Inquirer Opinion
WebThe petitioner argues that it was in his power as the President and General Manager of the GSIS to impose disciplinary action on the respondent, pursuant to Section 47 of the Administrative Code of 1987; that the characterization of the respondent's act as grave misconduct was not arbitrary because the latter had intentionally passed on or caused … WebGSIS invokes Republic Act No. 1405 to justify the issuance of the subpoena while the banks cite Republic Act No. 6426 to oppose it. The core issue is which of the two laws should apply in the instant case. Republic Act No. 1405 was enacted in 1955. mouth gamer
Hands off taxpayers
WebJun 1, 2024 · The Government Service Insurance System (GSIS) is mandated to provide government employees benefits that will ensure their social welfare, and to provide assistance in their financial needs in life. The law aims to provide safeguards in case contingencies in life happen to GSIS members. WebA substitute bill circulating as of 12 Dec. 2024 contains a provision that would allow government financial institutions (GFIs) to still invest in the MWF later. SSS and GSIS are also GFIs. Hence, in the future, if the MWF bill passes, their respective boards would be allowed to invest in the MWF. WebThe petitioner argues that it was in his power as the President and General Manager of the GSIS to impose disciplinary action on the respondent, pursuant to Section 47 of the … heartykills