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GSIS execs enjoy hefty bonuses, teachers suffer poor services and over charges; calls for Vergara’s resignation

The Commission on Audit report on the GSIS’s overcharging amounting to 1.3 billion pesos came as no surprise for the Alliance of Concerned Teachers (ACT).

“It is the main reason why we question the hefty bonuses given to the executives of the Government Social Insurance Services especially that of Mr. Robert Vergara. The problems we are raising during the term of Winston Garcia are still rampant with the current administration. And the worse is that the current executives receives much more as compared of the last administrators,” said Alliance of Concerned Teachers national president Benjie Valbuena.

In 2012, GSIS president and general manager Robert Garcia and his vice presidents received the total amount of 63,623,402.44 million for bonuses and allowances alone. They rake millions out of the agency without improving their services for the teachers and this is even legalized and authorized by President Aquino himself through his EO No. 24. This clearly shows how Pres.

Aquino’s “daang matuwid” benefited his “kabarkadas” and disaster for the great majority.
Under Executive Order No. 24, an oversight committee was created to oversee the performance of the Government Owned and Controlled Corporations (GOCC) and Government Financial Institutions (GFI). The committee is also given power to adjust the compensation and benefits of the executive officers of the GOCCs and GFIs to make it comparable to that of the private sector.
“Until now, our service and payment records are not in place and yet they have the guts to say that they deserve the money? Some of us have retired from the service already, but their records are still to be reconciled. We call upon the GSIS board and executive officials to return the money and put it the members’ benefits and refund the 1.3 billion excess collections from the teachers immediately,” added Mr. Valbuena.

“Three years have passed and you did nothing to improve the institution. Tama na, panahon na upang kayo ay mag-resign sa inyong pwesto! Huwag n’yo kaming gawing gatasan! We are calling our chapters nationwide and fellow government employees to launch protests actions in the local GSIS offices in their areas. Mr. Vergara and his cohorts’ must vacate their positions now, we won’t allow them to do more harm. They must resign now,” concluded Mr. Valbuena. by Benjie Valbuena, ACT National President (09162294515)