The Philippine Statistics Authority conducted Pag-IBIG Orientation on July 2, 2019 at the PSA RSSO XII Conference Room. The activity aimed to update the personnel of what benefits they can avail of from the Home Mutual Development Fund (HDMF) as Pag-IBIG members. The office invited two Pag-IBIG-Cotabato personnel, Mr. Ronald G. Lee and Mr. Hadji Mahmoud C. Ali, Jr.
One of the topics tackled by the guest speakers was Modified Pag-IBIG 2 Program which rewards better than the regular Pag-IBIG contribution program. The program posted high dividend rate of 8.11 % per annum last 2017 or an average of 6.96% over the three years, from 2015 to 2017. The speaker also illustrated how the benefits accumulate over the vested period resulting to total accumulated value (TAV).
As an option, a member can withdraw their total accumulated value (TAV) 10 years, 15 years or 20 years after their initial contributions. The Pag-IBIG also introduced their permanent disability and new insanity benefit claim. Next, the guest speaker tackled housing loans matters. Accordingly, number of availment of housing loans is now unlimited and there will be rebates for all settlements before maturity. In addition, qualifications for co-borrowers which is up to 3 is now not limited to next kin only.
The Pag-IBIG Cotabato agreed to provide Total Annual Statements for Individual Contributions and Loan, provided that the office will be sending them a request letter. As for the remittances, they agreed to facilitate an online payment through LBP which requires Employee ID No. from HDMF. They also encourage individual employees or contributors to enroll at Pag-IBIG Fund Services website for their personal monitoring of contributions, loan payments, among others. The job order personnel were also encouraged to apply for Pag-IBIG membership for a monthly contribution of at least P100.