Pag IBIG

Pag-IBIG Announces to OFW Members to Review their Membership to Avoid Delay in Claiming Benefits

February 11, 2019 By proudbrown

Are you an Overseas Filipino Worker and a Pagibig Fund member or do you know someone who is? Pagibig Fund released a statement regarding membership details so you can prevent delays when you or anyone you know during benefit claims. You use your Pagibig Membership ID during transactions with the agency that’s why it’s important that it is always updated. Kalin Franco-Garcia, Vice President for Public Relations and Information gave the statement after an OFW working in Kuwait mentioned that he has not yet received his retirement benefits after 6 months of applying the claim.

OFW Noel Maglupay told his ordeal to ‘Tapat na Po’ show from ABS-CBN. He said that he went to Pagibig Fund Office in Makati to claim his benefits. He was then told there are still problems from his two former companies. The agency said that this is the reason why they still can’t process the claim; Pagibig Vice President for Public Relations and Information answered by saying that this happened because the contributions of the OFW were processed within the ‘different sectors of the agency’. Because of this, his records need to undergo consolidation before the agency can finalize the claim.

Franco-Garcia mentioned that members should make sure that their contributions are under only one membership ID. He also adds that members should submit their employment history as fast as they can to start the processing. He stressed out that employment history should be complete when they are submitting their claims. He also said that there are 95% of Pagibig Fund members who have problems with their memberships. The solution to this is to submit pertinent records about your membership to the agency. As much as they want to give out the benefits at once, if the problems come from members themselves then there’s not so much they can do but wait for the members to submit all required documents.

Investing in PAG-IBIG Savings Program | The Modified Pag-IBIG MP2

July 24, 2017 By proudbrown

Saving your money in commercial banks allows you to earn some from the compounded interests. But, it also involves 20% tax. In spite of the current inflation rate, it is also expected that your money will eventually depreciates

The good news is that PAG-IBIG offers several savings programs that carry higher interest rates. Some of the programs offered by this organization include salary and home loan, multipurpose loan, and calamity loan.

To provide better services to their clients, PAG-IBIG started to offer the Modified PAG-IBIG MP2 savings program that offers higher dividend rate of 5.44% per annum. PAG-IBIG members who were members of the PAG-IBIG 1 can apply for membership in MP2.

These two are different programs since the PAG-IBIG 1 is mandated by the government for employed individuals. The minimum monthly contribution is Php200 shared by both the employee and employer. To avail the MP2, you need to ensure that you’re updated in paying the PAG-IBIG 1 contributions.

On the contrary, the MP2 carries higher interest rates as compared to commercial banks and even with time deposit accounts. This is a profitable way to expand your investment portfolio and ensure that your money will grow and generate more income.

Advantage of upgrading to PAG-IBIG MP2 savings programs

The advantage of signing up to MP2 savings program is that your loanable amount will also increase. Aside from the higher dividend, it is also tax-free. Likewise, you can ensure that your investment is secured by the government.

Understanding About PAG-IBIG Fund Provident Savings and How to Claim it

July 19, 2017 By proudbrown

PAG-IBIG Fund offers various programs and benefits to its members. Basically, there are three programs/benefits that every qualified member should know such as short-term loan, housing loan and provident savings. In this post, we will discuss about provident savings that most people don’t know.

What is Provident Savings

As you became a member of PAG-IBIG Fund, you are required to pay your contributions. The contributions work like a time deposit account. It earns interest that is also withdrawable. Thus, if you avail provident savings, this means that you’re preparing for your future.

Every employer is required to pay the monthly contribution of his or her employees and it is mandated by the law. The PAG-IBIG Fund is responsible in keeping the savings of its members and use the money for various investments such as financing mortgage loans and real estate development projects. This is how your contributions grow and earn.

The Provident Savings is the Total Accumulated Value that a member can claim in the future. The TAV is the total contributions and the dividend earned by your money.

How to Claim your Savings?

Applying for your provident savings involves following set of guidelines that sometimes can be irritating. Likewise, you should know whether you are qualified or not to apply for claims. Here are some pointers to consider:

Membership maturity

Any regular member of the organization can apply for claims only upon maturity of the membership. The member should have made 240 monthly contributions or within 20 years. For OFW PAG-IBIG members, the maturity of membership is from 5 years to 20 years. If they plan to apply for the provident claim, they should bring their POP Passbook.

Retirement

The retirement age is from 45 years old to 65 years old. The member should secure the important documents including the following:

Notarized certificate of early retirement
Two valid IDs or GSIS/SSS retirement voucher
For Philippine Navy and AFP, an Order of Retirement, Statement of Last Payment, and Updated Statement of Service should be provided

Separation from the service because of health reasons

The applicant should bring Physician’s certificate and notarized sworn employer’s certification. For private employee, a latest SSS disability voucher is required.

Permanent disability or Insanity

In this case, the applicant should bring the important documents such as:

Physician’s certificate of insanity
SSS total disability voucher
For Philippine Navy and AFP, a Statement of Last Payment, Updated Statement of Service, and Compulsory Disability Discharge Order should be provided

Basic requirements

Before you visit any PAG-IBIG Fund branch near you, make sure to secure and have on hand the following important documents like:

Completed application form or the APB form
Two valid IDs
Updated service record
Special power of attorney

How to Apply for PAG-IBIG Loyalty Card | Procedures and Benefits

June 26, 2017 By proudbrown

Pag-IBIG Fund had recently introduced to its members the Pag-IBIG Loyalty Card. It provides additional benefits to members including rewards and discounts for groceries, medicines, tuition, travel and fuel. They can use the loyalty card to any partner-merchants anywhere in the Philippines.

Things to Know When Applying for Pag-IBIG Loyalty Card

Membership fee

Any Pag-IBIG member can apply for this Loyalty Card for only PHP100. Make sure to have your MID number to expedite the process.

Application process

Applying for Loyalty Card is very easy as you can download the Pag IBIG loyalty card application form from the official website of the agency. Fill out the application form and submit it to the nearest Pag-IBIG branch in your area. After paying the card fee, you’ll be taken picture and required to affix your signature on the tablet after confirming your information.

The processing time of the Loyalty card will take about 1 month and you can choose either to pick it up or have it deliver to you.

It is mandated to every Pag-IBIG member to have Loyalty Card as it will be used when doing transactions with the agency. But, it is not a valid ID that you can use when doing transactions with other agencies of the government.

There’s no need for renewal because the Loyalty Card is valid for lifetime. To avail the Pag IBIG loyalty card benefits, all you have to do is to present the card to partner establishments.

Having a Loyalty Card is a great help to save money from the discounts and rewards. We have a lot of Pag IBIG loyalty card partners and that can help us to save money. If you don’t have such card and you’re interested to have one, you can visit any Pag-IBIG branch and ask any personnel about it.

The requirements are very easy to secure that’s why you don’t have any reason why you can avail one. Keep in mind that Pag IBIG loyalty card discounts and rewards is earn when using the card. Make sure to bring it along with you all the time.

Pag-IBIG loyalty card discounts