THE GOVERMENT WEBSITE

PAG-IBIG-It's an acronym for: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno.

Who can be member of Pag-IBIG Fund?

Mandatory

With the signing of Republic Act No. 7742 all SSS and GSIS members earning P4,000 and above monthly are mandatorily covered by Pag-IBIG fund.

Voluntary

Membership to the fund is also open to:

• Private and government workers earning less than P 4,000 a month but who wish to join anyway;
• Self-Employed workers such as professionals and businessmen;
• Overseas contract workers (OCW);
• Permanent residents and immigrants;
• Informal income group such as cooperative members;
• Non-working spouses.

How much is the monthly contribution?

For employees with monthly compensation (Basic+COLA) of P1,500 and less, an amount equivalent to one percent (1%) of their monthly compensation, and two percent (2%) of the monthly compensation of employees earning over P1,500.

1. Over P1,500 , an amount equivalent to two percent (2%) of the monthly compensation of each covered employee.

Employers are mandated to match their employees' monthly contributions with an amount equivalent to two percent (2%) of the monthly compensation of each covered employee.

For self-employed members, monthly contribution is equivalent to two percent(2%) of their monthly gross earnings.

Under the Pag-IBIG Overseas Program (POP) contribution rates are the same/parallel with local contribution rates.

What are the benefits of Pag-IBIG Membership?

The Fund offers its members the following benefits:

1. savings
2. short term loan
3. Housing loan

What are the special features of Pag-IBIG Savings Program?

Pag-IBIG savings enjoy the following features:

• double or triple your money benefit
• tax-free dividend earnings
• portability of savings
• government-guaranteed

When can a member withdraw his savings?

Withdrawal of Pag-IBIG savings is allowed upon occurrence of any of the following :

• Membership maturity after 20 years
  • A member who signs up under RA 7742 (Pag-IBIG Universal Coverage Law) shall be allowed partial withdrawal after 10 or 15 years of continuous membership, provided he has no outstanding housing loan with the Fund.
    
• Retirement
  • at age 45 (early retirement plan)
  • at age 60 (optional retirement)
  • at age 65 (mandatory retirement)
• Permanent departure from the country.
• Permanent total physical disability/insanity.
• Termination from service by reason of health.
• Death of the member

-in case of the member's death, the Fund provides the legal heirs an additional P6,000 death benefit grant (DBG).

Pag-ibig Fund offer a "ABOT-KAMAY PABAHAY" PROGRAM and they implement the "Magaang Pabahay, Disenteng Buhay" that greatly helps to the people to have their own house because this allows to the people to borrow a money through a loans from Pag-Ibig company.It help people to survive to the calamities and circumtances that they encounter.