Benchmarking the Worlds Leading Pension Funds: How Fares the Government Service Insurance System of the Philippines

Abstract

This practical research looks into the application by the government service insurance System (GSIS) of the Philippines of responsible investment strategies espoused in the delivery of social security benefits by the leading public pension funds in the world. Two of these, namely the ABP (Stichting Pensioenfonds) of The Netherlands and the California public employees' retirement system (CalPERS) of the USA, are in focus here. This study was undertaken to highlight the performance of the GSIS Pension Fund as a business case and to evaluate the sustainability of the GSIS fund management practices vis-à-vis responsible investment strategies that have been espoused by the leading pension funds of the world.