The money recorded as deducted from employees' paychecks for their GSIS government service insurance did not match the amounts actually paid to GSIS. This happened because records were not properly updated or checked against GSIS records when employees were hired, promoted, retired, or resigned.

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Original Audit Finding Excerpt

"16.3 However, as can be gleaned in the immediately preceding table, there were resulting differences between the am ounts withheld and remitted. As per inquiry, the GSIS billing statement was the basis for the remittance of amounts due to GSIS, whereas the payroll was the basis for recording in the books the amounts withheld. Said discrepancy was due to a lack of reconciliation of records with the GSIS on the status of employees, particularly among newly hired, promoted, retired, or resigned individuals."

Source Document