Pag-IBIG Doubles Member Contributions to P200/month
MANILA — Pag-IBIG Fund has announced a 100-percent increase in member contributions starting in February 2024.
Pag-IBIG CEO Marilene Acosta said the new contribution will be P200, up from P100. Employers are mandated to match contributions, which means members will be saving P400 a month.
Acosta said the increase in contribution would eventually bring benefits to member workers since it would also increase the loanable amount for short-term loans, increase savings for when they retire and continue to lower interest for housing loans.
According to Acosta, Pag-IBIG Fund would raise around P38 billion per year in additional revenue with the increased contributions, which will let it keep interest for housing loans at 6 percent a year.
SOURCE: ABS-CBN - iWantTFC
If I pay all the months in advance in 2024 before February 2024, does that mean I will only have to pay 200 a month still?
ReplyDeleteMiss Jim, kung nagbayad kana po advanced sa P1 mo let say the whole year from JANUARY 2024 to DECEMBER 2024 at naka lagay lang monthly ay 200.00, pwedi mo naman gawin uli the same process, lagay ka uli advance hulog na tag 200 a month uli para ang kalabasan nyan ay 400.00 a month din lang.
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