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Government Service Insurance System (Philippines)
The Government Service Insurance System (GSIS; ) is a government-owned and controlled corporation (GOCC) in the Philippines that serves ''de jure'' government employees. Established by Commonwealth Act No. 186 and Republic Act No. 8291 (the GSIS Act of 1997), the GSIS is a social insurance institution that provides a defined benefit scheme. It insures its members against specific contingencies in exchange for monthly premium contributions. GSIS members are entitled to a range of social security benefits, including life insurance, separation or retirement benefits, and disability benefits. The GSIS also administers the General Insurance Fund under Republic Act No. 656 (the Property Insurance Law), providing insurance coverage for government assets and properties in which the government holds insurable interests. Non-government employees, self-employed individuals including those de facto working for the government but not de jure (i.e. "Job Order" (JO), "Contract of Service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned And Controlled Corporation
In the Philippines, a government-owned and controlled corporation (GOCC; ), sometimes with an "and/or", is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees. There are 219 GOCCs as of 2022. GOCCs both receive subsidies and pay dividends to the national government. A government-owned or controlled corporation is a stock or a non-stock corporation, whether performing governmental or proprietary functions, which is directly chartered by a special law or if organized under the general corporation law is owned or controlled by the government directly, or indirectly through a parent corporation or subsidiary corporation, to the extent of at least a majority of its outstanding capital stock or of its outstanding voting capital stock. Under the GOCC Governance Act (Republic Act No. 10149), GOCCs are overseen by the Governance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Civil Service
The civil service is a collective term for a sector of government composed mainly of career civil service personnel hired rather than elected, whose institutional tenure typically survives transitions of political leadership. A civil service official, also known as a public servant or public employee, is a person employed in the public sector by a government department or agency for public sector undertakings. Civil servants work for central and local governments, and answer to the government, not a political party. The extent of civil servants of a state as part of the "civil service" varies from country to country. In the United Kingdom (UK), for instance, only The Crown, Crown (national government) employees are referred to as "civil servants" whereas employees of local authorities (counties, cities and similar administrations) are generally referred to as "local government officers", who are considered public servants but not civil servants. Thus, in the UK, a civil servant is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metro Pacific Investments Corporation
Metro Pacific Investments Corporation (MPIC) is a Philippine unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines. In May 2016, GT Capital Holdings Inc. acquired 15.6 percent of MPIC, which will, in turn, buy control over GT Capital's Global Business Power Corporation in a deal worth PHP 29.89 billion. GT Capital acquired 3.6 billion new common shares in MPIC at PHP 6.10 per share amounting to a stake of 11.4 percent on an expanded capital base for a total cash consideration of PHP 21.96 billion. It also acquired a further 1.3 billion common shares in MPIC from Metro Pacific Holdings, Inc. (MPHI), a Philippine affiliate of First Pacific Company, at the same price, for a total of PHP 7.93 billion in cash. These transactions result in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winston Garcia
Winston Fiel Garcia (born May 21, 1958) is a Filipino lawyer, and corporate leader who has served as the director and board member of several of the biggest institutions in the Philippines such as the Philippine Stock Exchange, San Miguel Corporation, Meralco and is currently the chairman of the Garcia-owned Cebu CFI Cooperative. He was formerly the general manager and president of Government Service Insurance System. Personal life Garcia was born and raised in Cebu, Philippines, to a family of lawyers. He is the son of former Deputy Speaker Pablo P. Garcia and Cebu CFI Community founder, retired judge Esperanza “Inday” Fiel Garcia. He is the brother of Cebu governor Gwendolyn Garcia and Cebu 3rd District Congressman Pablo John Garcia. Winston is married to Isabel, an architect and the president of the Zonta Club International Cebu Chapter. They both have 5 children. Academic life Garcia attended law school at the San Beda College of Law, San Beda College of Law, while al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unified Multi-Purpose ID
The Unified Multi-Purpose ID (UMID) is a Philippine identity card that was introduced in 2010. The card was developed as a single card for the relations between several government-related agencies. The agency responsible for implementation is the Social Security System (SSS), and also the Government Service Insurance System (GSIS), the Philippine Health Insurance Corporation (PhilHealth), and the Pag-IBIG Fund (Home Development Mutual Fund) use the card. The card was also suggested to be used as a voter ID. History As part of the efforts of the Philippine government to establish a national identification document aimed at streamlining the identification systems of government agencies, a series of executive orders were enacted: Executive No. 420 signed on April 13, 2005 which institutionalized the UMID system, and Executive Order No. 700 signed on January 16, 2008 which directed the Social Security System to facilitate the ID systems of all government agencies and GOCCs. Phy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mixed-use Development
Mixed use is a type of urban development, urban design, urban planning and/or a zoning classification that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to some degree physically and functionally integrated, and that provides pedestrian connections. Mixed-use development may be applied to a single building, a block or neighborhood, or in zoning policy across an entire city or other administrative unit. These projects may be completed by a private developer, (quasi-)governmental agency, or a combination thereof. A mixed-use development may be a new construction, reuse of an existing building or brownfield site, or a combination. Use in North America vs. Europe Traditionally, human settlements have developed in mixed-use patterns. However, with industrialization, governmental zoning regulations were introduced to separate different functions, such as manufacturing, from residential area ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federico Ilustre
Federico Ilustre (1912–1989) was a Filipino architect who worked for the Bureau of Public Works (now the Department of Public Works and Highways). It was during his tenure as consulting architect that some of the country's prominent postwar architectural structures were built. Life Ilustre graduated with a degree in architecture at the Mapua Institute of Technology, eventually becoming a licensed architect in 1937. His architectural experience however went way back, when he started out in 1935 as a draftsman in the architectural office of Juan Nakpil, as well as a stint as a furniture designer in 1936 for Puyat and Sons. He first joined the Bureau of Public Works in 1936 as a draftsman, staying in that position until the outbreak of World War II in the country in 1941. He was then promoted to the position of consulting architect iduring the Japanese Occupation. After the war, he briefly left the bureau to join the AFWESPAC of the US Army as supervising architect and assist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security System (Philippines)
The Social Security System (SSS; ; is a state-run social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954. This law was later amended by Republic Act No. 8282 in 1997. Government employees, meanwhile, are covered under a separate state-run pension fund by the Government Service Insurance System (GSIS). History President Manuel Roxas, to give relief to the people who were facing difficulties in the post-war period, called on the legislators to create a social security program in his State of the Nation Address in January 1948 but he died the bill being passed. On July 7, 1948, President Elpidio Quirino succeeded Roxas and created the social security study commission through Executive Order No. 150. The commission drafted the Social Security Act that was submitted to Congress. In 1954, Representative Floro Crisologo, Senators ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
De Jure
In law and government, ''de jure'' (; ; ) describes practices that are officially recognized by laws or other formal norms, regardless of whether the practice exists in reality. The phrase is often used in contrast with '' de facto'' ('from fact'), which describes situations that exist in reality, even if not formally recognized. Definition ''De jure'' is a Latin expression composed of the words ''de'',("from, of") and ''jure'',("law", adjectival form of '' jus''). Thus, it is descriptive of a structural argument or position derived "from law". Usage Jurisprudence and ''de jure'' law In U.S. law, particularly after '' Brown v. Board of Education'' (1954), the difference between ''de facto'' segregation (that existed because of voluntary associations and neighborhoods) and ''de jure'' segregation (that existed because of local laws) became important distinctions for court-mandated remedial purposes. Government and culture Between 1805 and 1914, the ruling dynasty of Egypt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
