The governing board of state pension fund, Government Service Insurance System (GSIS), during its meeting on Thursday (July 4), has named Chairman Rolando L. Macasaet as its officer in charge.
According to GSIS news release, this is upon the recommendation of Finance Secretary Carlos G. Dominguez.
The Department of Finance exercises administrative supervision over government financial institutions pursuant to Executive Order No. 251 (s. 2000).
The said EO further defined the DOF’s supervision and coordination of policies, plans, and programs over certain government financial institutions, including GSIS.
The news release said that during the meeting, “the Board of Trustees also noted the President’s acceptance of the resignation of former President and General Manager Jesus Clint Aranas on Tuesday, July 2.”
“The Board further revoked all resolutions relating to the proposed sale of the GSIS’s port area property until further study and consultation with all stakeholders,” the statement added.
The news release particularly mentioned “Board Resolution No. 38 (dated February 27, 2018) that approved the sale and disposal of the Manila International Port Terminal Inc. (MIPTI) through public bidding, and granted authority for the President and General Manager (PGM) to proceed with the sale and setting of the minimum bid price.”
“Also revoked was Board Resolution No. 89 (dated June 25, 2019) that approved a higher minimum bid price,” the statement said. /mbmf
The post GSIS names new OIC; revokes resolutions on proposed sale of property appeared first on UNTV News.