By Leilanie G. Adriano Staff Reporter LAOAG CITY—Permanent gov’t employees with outstanding loan obligations with lending institutions may wish to avail of a one-time loan balance-transfer and debt-consolidation program of the state pension fund Government Service Insurance System (GSIS). In a press conference held at a hotel in this city, Lord A. Bico, GSIS Laoag Branch manager reported that at least nine local government units and one national government agency in the provinces of Ilocos Norte and Ilocos Sur have already signed a memorandum of agreement to enable their employees to enjoy its benefits of lower interest rate of 6% per annum and longer repayment term of six years. These are the towns of Pagudpud, Pasuquin, Dingras, Vintar, and Burgos in Ilocos Norte and the towns of San Emilio, Banayoyo, Lidlidda, Sta. Catalina in Ilocos Sur, including the Department of Agrarian Reform. The GSIS financial assistance loan (GFAL) 1 was originally offered to teachin
Online edition of The Ilocos Times, a community newspaper based in Laoag City, Ilocos Norte.