GSIS Pres. Wick Veloso talks about the state pension fund’s investment policy

Описание: In this second episode, Context.ph’s Beyond the Boardroom discusses with GSIS president and general manager Wick Veloso the ongoing review of the state pension fund’s investment policy, which would determine where the PHP1.55 trillion of asset under its management will be placed. A large chunk of that fund is now parked in government securities. But that might have to change especially if Congress decides to lower the retirement age of government employees. Infrastructure projects including power generation ventures are what Wick thinks will provide better returns for GSIS funds, reducing the amount additional contributions that members will have to make if retirement age is indeed lowered and interest rates start coming down to stimulate economic growth.