Espino to enter MOA with GSIS for GFAL II for gov’t employees
THE provincial board authorized Gov. Amado I. Espino III to enter into a Memorandum of Agreement with the Government Service Insurance System (GSIS) for the availment of the GSIS Financial Assistance (GFAL II) of Provincial Government employees.
The resolution, authored by Board Members Angel M. Baniqued Jr. and Nestor D. Reyes, said the GFAL II is a loan refinancing program of the GSIS that will benefit qualified GSIS members.
GSIS said d that by virtue of a Memorandum of Agreement (MOA), the GSIS will offer GFAL II to provincial employees to maximum of P500,000 loan. 6 percent per annum interest and six years repayment period. (PIO/SMDG)
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