The perenial problem on the unremitted GSIS premium contributions of DepEd has again resurfaced. Inquirer.net ran this story on this debt which already balloned per GSIS estimates, to P21.3 B. Said debt consisted of unpaid insurance premiums of P7.39 B and corresponding interest charges of P13.9 billion for the period July 1997 to December 2007.
DepEd has refuted the claim saying that the figures were incorrect. And so the impasse remains to the detriment of DepEd personnel most specially, the teachers who have consequently bore the brunt of deductions from their salary loans including those who have already retired, in which case, the proceeds of their retirement benefits have likewise been emasculated.
The story did not mention whether there was partial settlement of the disputed debt. But I supposed this was in part paid off (at least insofar as the unpaid premiums are concerned) by the P3.299 B which the DBM has remitted to the GSIS in 2007. As can be recalled, in year 2006, Congress appropriated through a supplemental budget (RA 9358), the said amount to cover the deficiency in premium contributions (principal only) from July 1991 to December 1998. The penalties (interests and surcharges) will be settled separately between the DBM and the GSIS.
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