State-owned Government Service Insurance System (GSIS) has earmarked ₱15.1 billion in emergency financial relief to support over 608,000 members and retirees affected by the magnitude 7.8 earthquake in Mindanao.

In a statement, Wick Veloso, GSIS president and general manager, announced the relief package during a stakeholders' dialogue on Wednesday, June 10, noting that the pension fund is positioning capital to accelerate recovery in the southern island of Mindanao.

In addition to individual consumer credit, Veloso said the institutional insurer is fast-tracking claims processing for local government units and state agencies whose infrastructure sustained structural damage during the tremor.

“The GSIS is ready to provide accessible financial relief to help our members, pensioners, and partner government agencies recover and rebuild,” Veloso said, adding that the state fund is coordinating with regional disaster monitoring teams to prioritize communities that need it most.

The deployment of the emergency credit facility comes as regional economies in Mindanao grapple with the structural aftermath of the tectonic disruption.

Under the guidelines of the specialized program, qualified active government employees and old-age or disability pensioners residing or working in municipalities formally declared under a state of calamity are eligible to apply. The application window is scheduled to close on Sept. 7, 2026.

The pension fund structured the facility into two distinct tiers based on existing credit exposure. Eligible borrowers carrying outstanding emergency credit can apply for a maximum package of ₱40,000, with the net proceeds capped at ₱20,000 after clearing older balances. First-time borrowers or those without outstanding emergency debts can secure up to ₱20,000 in fresh capital.

To mitigate inflation-driven borrowing costs for public servants, the GSIS capped the interest rate at six percent per annum. The loans carry a maturity period of 36 months, with the funds scheduled for direct electronic disbursement via the policyholders' transaction cards.

In an effort to avoid operational bottlenecks at physical branch networks during the disaster recovery period, Veloso emphasized that the system is routing applications directly through its digital proprietary platform, the GSIS Touch mobile application.

Policyholders representing government entities or managing personal property damage can also submit claims through dedicated non-motor and motor insurance channels via corporate electronic mail or the agency’s around-the-clock telephone lines.