The town deducted money from employee salaries for GSIS (government pension) but the amounts sent to GSIS each month did not match what was deducted. Over the year, about ₱391,000 of deducted money was still not paid to GSIS.

Why It Matters

Recommended Actions

• Require the Municipal Accountant and HRMO Chief to (a) continue to withhold and remit the required monthly contributions and loan payments to the GSIS
• (b) trace the discrepancies in the GSIS billing vis-a-vis the payroll to facilitate the immediate remittance of ®391,394.67 to the GSIS
• And (c) henceforth, ensure that employees’ records in the GSIS system are promptly updated to avoid discrepancies in the monthly GSIS billing vis-a-vis the actual amount withheld.

Original Audit Finding Excerpt

"However, monthly discrepancies between the amounts withheld and remitted were still noted throughout CY 2024 contrary to Paragraph B, Section 6 of Republic Act (RA) No. 8291, thus resulting in an unremitted balance of ₱391,394.67 from the amounts withheld in CY 2024."

Source Document