Palace studying calls for GSIS leadership change
THE Palace on Monday said President Ferdinand R. Marcos, Jr. is studying and taking a 鈥渕easured鈥 approach toward calls for the resignation of Government Service Insurance System (GSIS) President and General Manager Jose Arnulfo 鈥淲ick鈥 A. Veloso over alleged gross mismanagement and policy violations.
Palace Press Officer Clarissa A. Castro said the President wants agency leaders to demonstrate accountability and proper leadership.
鈥淭he President wants officials who fulfill their obligations and exercise sound leadership,鈥 she told a press briefing in Filipino.
鈥淔or now, the matter is being carefully reviewed. If there is a basis for the allegations, the President will decide accordingly.鈥
Mr. Veloso is facing accusations of authorizing high-risk, non-compliant investments that allegedly caused P8.8 billion in cumulative losses for the state pension fund.
The GSIS chief has already responded to the claims, denying wrongdoing. He had also publicly rejected the resignation calls, asserting that the GSIS pension fund remains solvent and has a fund life extending up to 2058. 鈥 Chloe Mari A. Hufana
