GSIS signs P1-B deal with PSALM, NPC - BusinessWorld Online

GSIS signs P1-B deal with PSALM, NPC - BusinessWorld Online

THE GOVERNMENT Service Insurance System (GSIS) has signed a memorandum of agreement with the Power Sector Assets and Liabilities Management Corporation (PSALM) and the National Power Corporation (NPC) to settle over P1 billion in unremitted premium contributions arising from NPC’s 2003 restructuring. “This is a significant day for the former 1,233 employees and their families who have lost their jobs in the course of privatization. Now, we are a…