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(NAR) VOL. 22 NO. 3, JULY - SEPTEMBER 2011
[ GSIS RESOLUTION NO. 172, July 25, 2011 ]
APPROVAL OF PAYMENT OF EDU-CHILD PLANS WITH CERTIFICATES OF FULL PAYMENT
WHEREAS, there are plan holders who have Certificates of Full Payment for their Edu-Child Plans but whose accounts, after reconciliation, would appear to still have arrears; despite the fact that GSIS has file copies of Certificates of Full Payment included in the individual policy envelopes of the plan holders;
WHEREAS, as far as can be determined, the data on file copies of Certificates of Full Payment appear not to have yet been recorded in the database;
WHEREAS, GSIS nonetheless can no longer dispute that these Edu-Child plan holders, holding Certificates of Full Payment, are fully paid given their Certificates of Full Payment issued by GSIS;
WHEREAS, reduction of the policies in force for pre-need plans issued by GSIS would on tribute to the long-term solution for the settlement of pre-need plans;
RESOLVED to APPROVE and CONFIRM the payment of Edu-Child Plans of all plan holders with Certificates of Full Payment even if it would appear that some still have arrears.
RESOLVED FINALLY, to AUTHORIZE/APPROPRIATE the amount necessary for the purpose, chargeable against proper funds.
Adopted: 25 July 2011
WHEREAS, as far as can be determined, the data on file copies of Certificates of Full Payment appear not to have yet been recorded in the database;
WHEREAS, GSIS nonetheless can no longer dispute that these Edu-Child plan holders, holding Certificates of Full Payment, are fully paid given their Certificates of Full Payment issued by GSIS;
WHEREAS, reduction of the policies in force for pre-need plans issued by GSIS would on tribute to the long-term solution for the settlement of pre-need plans;
RESOLVED to APPROVE and CONFIRM the payment of Edu-Child Plans of all plan holders with Certificates of Full Payment even if it would appear that some still have arrears.
RESOLVED FINALLY, to AUTHORIZE/APPROPRIATE the amount necessary for the purpose, chargeable against proper funds.
Adopted: 25 July 2011
CERTIFIED CORRECT: | |
(SGD.) ATTY. MARIA THERESA ABESAMIS-RAAGAS | |
Corporate Secretary | |
Referred to and Approved and Confirmed by Referendum on July 25,2011 | |
(SGD.) DANIEL L. LACSON, JR. | (SGD.) ROBERT G.VERGARA |
Chairman | Vice Chairman |
(SGD.) MARIO L. RAMIREZ | (SGD.) KARINA CONSTANTINO-DAVID |
Trustee | Trustee |
(SGD.) GREGORIO T. YU | (SGD.) ROMAN FELIPE S. REYES |
Trustee | Trustee |
DANILO A. GOZO (on leave) | (SGD.) MARIO J. AGUJA |
Trustee | Trustee |
(SGD.) GERALDINE MARIE BERBERABE-MARTINEZ | |
Trustee |