National Power Corporation(NAPOCOR)

May 23, 2023 Dear Antonio Salon Jr., Greetings! Thank you for your request dated May 19, 2023 08:40:33 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Follow up on the GSIS contribution for DAMA claimant. Please be informed that per records, Mr. Salon Sr. is under Batch 2 of the DAMA recipients and has also received his back wages. However, adjustment in his creditable government service under the GSIS is not yet effected as of to date. The following circumstances explain why his GSIS pension is not yet adjusted: 1. NPC tried to remit the deducted GSIS premiums for DAMA personnel who have received their back wages. However, GSIS refused to accept the payment for the premiums due since they have imposed interest on delayed remittance. 2. As contained in the exchange of correspondences between NPC and GSIS as regards the imposition of interest that has ballooned to PhP2.68 B as of 30 November 2022, they explained that their imposition of interest is not for the delayed remittance but as a compensatory cost for the lost opportunity to invest the compulsory premiums that should have been invested by them to earn interest that will also redound to the benefits of the members of the GSIS. And it is expected that the amount of interest imposed will continue to pile up if these issues are not resolved with the GSIS. 3. The Memorandum of Agreement that will allow NPC/PSALM to remit the principal amount of deductions already made against paid DAMA claims is still being reviewed/finalized by the GSIS. Once the MOA has been perfected by concerned parties that remittances made by NPC will be accepted by the GSIS and as a consequence, adjustments in the pensions will be effected by the latter. We hope we have clarified the matter. Your right to request a review If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Mr. Alexander P. Japon, Chairman – FOI Central Appeals and Review Committee and Vice President Administration and Finance at [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). We would love to hear your thoughts or feedback on how we can improve your experience by answering the questionnaire in the following link: https://forms.gle/BWzbH7mH8XehTVrE9 Thank you. Respectfully, FOI Decision Maker, NAPOCOR FOI Receiving Officer