Pag-IBIG Regular Savings FAQs

Regular Savings - Frequently Asked Questions

What is the Pag-IBIG Regular Savings Program?

This is where your mandatory monthly membership savings (contributions) go!

The Pag-IBIG Regular Savings is a secure and convenient savings facility that gives you high annual dividend earnings to help secure your future. This is because you can eventually withdraw your savings after membership maturity of 20 years, retirement and other grounds.

How much should I save monthly?

The Pag-IBIG monthly membership savings is pegged at just Php400. Employed members immediately double their monthly savings with the counterpart share of their employees.

Your savings grows even more with the dividends it earns annually.

You may wish to save more than Php400 monthly so that you can save more and earn more.

Ano ang dagdag na mga benepisyo para sa miyembro mula sa mas mataas na buwanang hulog sa Pag-IBIG?

Sa pagtaas ng buwanang hulog ng bawat miyembro, dodoble ang kaniyang buwanang naiipon at ang kaniyang taunang dibidendo sa kanyang impok sa Pag-IBIG Fund na kung tawagin ay Pag-IBIG Regular Savings na kanyang matatanggap ng buo sa oras na mag-mature ang kaniyang membership, sa kanyang retirement at sa iba pang mga kadahilanan.

Ito ay dahil simula Pebrero 2024, ang kasalukuyang hulog na P100 ng bawat miyembro at P100 ng kaniyang employer ay parehong magiging P200 na. Kaya’t ang kabuuang buwanang hulog magmula Pebrero na magiging ipon ng isang miyembro sa kanyang Pag-IBIG Regular Savings ay magiging P400.

Dahil dito, tataas din ang maaari niyang mahiram sa ilalim ng Pag-IBIG Multi-Purpose Loan, dahil mas malaki na din ang kaniyang Pag-IBIG Regular Savings na siyang basehan ng kanyang mahihiram.

Patuloy ding magiging mababa ang interes sa Pag-IBIG Housing Loan dahil lalong lalakas ang kaming kakayanang pondohan ang mga loans ng aming mga miyembro. At, bunga ng dagdag na koleksyon, mas marami kaming mga miyembrong mapapautang sa mababang interes sa ilalim ng Pambansang Pabahay para sa Pilipino Program ng ating pamahalaan, para magkaroon sila at ang kanilang pamilya ng sarili nilang bahay. 

Ano ang dahilan kung bakit kailangang magtaas ang buwanang hulog sa Pag-IBIG?

Batid ng Pag-IBIG Fund na kinakailangan ng pataasin ang mga benepisyong natatanggap ng mga miyembro, kabilang dito ang kanilang naiipon sa kanilang Pag-IBIG Regular Savings at ang kanilang maaaring mahiram sa Pag-IBIG Multi-Purpose Loan. Ito ang dahilan kung bakit nararapat ang pagtaas ng hulog.

Ang dating buwanang hulog sa Pag-IBIG Fund na P100 mula sa miyembro ay P100 mula sa employer ay itinakda noon pang 1986 at sa loob ng halos apat na dekada ay hindi na nagtaas o nagbago. Dahil dito, ang halagang naiipon ng mga miyembro ay hindi na tumaas at hindi na sumabay sa inflation at sa pagbabago ng presyo ng mga bilihin. Sa katunayan, ayon sa Consumer Price Index as of September 2023, ang halaga ng P200 noong 1986 ay P1,733 na ang katumbas sa ngayon.

Ito rin ay upang matugunan ang inaasahang halaga na hihiramin ng mga miyembro sa Pag-IBIG Fund at mapanatiling mababa ang interes at abot-kaya ang buwanang bayad sa Pag-IBIG Housing Loan.

Magkano ang itataas ng buwanang hulog sa Pag-IBIG at kailan ito magsisimula?

Simula Pebrero 2024, ang buwanang hulog sa Pag-IBIG ay P400 na.Ito ay binubuo ng P200 na mula sa miyembro na tatapatan ng kanyang employer ng P200.

Ang halagang ito ay nakabatay sa dalawang porsyento (2%) ng Maximum Fund Salary o MFS na ngayon na nasa P10,000 (2% x P10,000 = P200).

Gayunpaman, maaaring maghulog ang miyembro ng higit sa halagang ito. Ang bawat hulog sa Pag-IBIG ay ipon ng miyembro, na taun-taon ay may tubong dibidendo, at buong ibabalik sa oras na ito ay mag-mature, magretiro ang miyembro o sa iba pang kadahilanan.

Sakop ba ng pagtaas ng buwanang hulog sa Pag-IBIG ang mga Overseas Filipino Workers (OFWs)?

Opo. Kasama ang mga OFWs sa ilalim ng bagong buwanang hulog sa Pag-IBIG Fund.

Simula Pebrero 2024, ang buwanang hulog ng mga OFW members ay P200 na, mula sa dating P100. Para sa mga OFWs na may Philippine employers tulad ng mga seafarers, ang kanilang hulog ay tatapatan ng kanilang mga employers ng katumbas na P200.

Gayunpaman, maaaring maghulog ang miyembro ng higit sa halagang ito. Tandaan, mas malaki ang ipon, mas malaki ang halagang pagbabasehan ng kikitaing dibidendo, mas malaki din ang maiipon at makukuhang halaga sa panahon na mag-magture ang ipon o sa oras na magretiro.

Kasama din ba sa pagtaas ng buwanang hulog sa Pag-IBIG ang mga self-employed members?

Opo. Kasama ang mga self-employed sa ilalim ng bagong buwanang hulog sa Pag-IBIG Fund.

Simula Pebrero 2024, ang buwanang hulog ng mga self-employed members ay P400 na, mula sa dating P200.

Gayunpaman, maaaring maghulog ang miyembro ng higit sa halagang ito. Tandaan, mas malaki ang ipon, mas malaki ang halagang pagbabasehan ng kikitaing dibidendo, mas malaki din ang maiipon at makukuhang halaga sa panahon na magmagture ang ipon o sa oras na magretiro.

Magkano ang aking magiging buwanang hulog kung sakaling hindi umabot sa P10,000 ang aking sahod sa isang buwan?

Kung sakaling ang kinita ng isang miyembro sa isang buwan ay hindi umabot sa P10,000, ang batayan ng kaniyang hulog at ang hulog ng kanyang employer para sa nasabing buwan ay dalawang porsyento (2%) ng halaga ng kanyang kinita.

Ang buwanang hulog ko sa Pag-IBIG ay dati ko nang itinaas. Ano ang magiging epekto ng pagtaas ng buwanang hulog sa kasalukuyang halaga na aking ihinuhulog?

Kung ang iyong buwanang hulog ay P200 o higit pa, ito ay umaayon na sa kinakailangan mong ihulog sa Pag-IBIG. At, kung ikaw ay isang empleyado – mapapribado o publikong sektor man – ang iyong employer ay kinakailangang maghulog ng P200 kada buwan para sa iyo simula Pebrero 2024.

Gayunpaman, maaaring maghulog ang miyembro ng higit sa halagang ito. Tandaan na ang bawat hulog sa Pag-IBIG ay ipon ng miyembro, na taun-taon ay may tubong dibidendo, at buong ibabalik sa oras na ito ay magmature, magretiro ang miyembro o sa iba pang kadahilanan.

Paano kung hindi tumupad ang aking kumpanya o employer sa pagtaas ng buwanang hulog ko sa Pag-IBIG?

Ayon sa batas, ang pagtanggi o hindi pagtupad ng isang employer sa pagpaparehistro ng miyembro, pagkolekta ng kabuuang buwanang hulog at ang pag-remit nito sa Pag-IBIG sa nakatakdang panahon ay may kaukulang multa at parusa.

Kung sakaling ang iyong employer o kumpanya ay hindi tumupad sa bagong buwanang hulog sa Pag-IBIG simula Pebrero 2024, maaari itong ipagbigay alam sa alinmang tanggapan ng Pag-IBIG Fund, sa pagtawag sa (02)87-244244, o sa pag-email sa contactus@pagibigfund.gov.ph.

Nagsagawa ba ng konsultasyon sa mga miyembro ang Pag-IBIG Fund bago ipatupad ang pagtaas ng buwanang hulog?

Ang pagpapatupad ngayong Pebrero 2024 ng bagong buwanang hulog sa Pag-IBIG Fund ay dumaan sa konsultasyon at umani ng suporta mula sa mga organisasyong kumakatawan sa mga miyembro at business community. Kabilang dito ang Trade Union Congress of the Philippines (TUCP), Federation of Free Workers (FFW), Philippine Government Employees’ Association (PGEA), Kapisanan ng mga Kamag-anak at Migranteng Manggagawang Pilipino, Inc. (KAKAMMPI), Kabalikat ng Migranteng Pilipino, Inc. (KAMPI), Kaibigan ng mga OCWs, at iba pang organisasyong kumakatawan sa mga OFWs, at ng Employers’ Confederation of the Philippines (ECOP).

Sa katunayan, simula pa noong taong 2019 ay nakamit na ng Pag-IBIG Fund ang pag-sang-ayon at suporta ng mga labor at employer groups, pati ng mga organisasyong kumakatawan ng mga Overseas Filipino Workers, sa pagtaas ng buwanang hulog ng mga miyembro.

Ngunit, bunsod ng mga hamon na dala ng pandemya sa ating ekonomiya, at bilang pagtugon sa panawagan ng Pangulong Marcos nitong taong 2023, ipinagpaliban ang pagpapatupad ng pagtaas ng buwanang hulog sa Pag-IBIG sa tatlong magkakasunod na taon na 2021, 2022 at 2023.

Makakaasa ba ako na mapangangalagaan ng Pag-IBIG ang lahat ng aking ihinuhulog?

Opo, lubos kayong makakaasa na pangangalagaan ng Pag-IBIG Fund ang bawat hulog mo, ang bawat hulog ng miyembro.

Matutuwa kayong malaman na noong taong 2023 ay nakapagtala ang Pag-IBIG Fund ng net income na P44.5 bilyon, nakapagpahiram ng kabuuang halaga na P170 bilyon sa housing at cash loans na nakatulong sa 2.71 milyon na mga miyembro, at nakapag-credit ng dibidendo para sa ipon ng mga miyembro sa halagang P42.7 bilyon. Ang mga natamo na ito ng Pag-IBIG Fund ang mga pinakamataas sa kasaysayan nito

Maliban po dito, ang Pag-IBIG Fund ay nakakuha na ng labing-isang sunud-sunod na Unqualified at Unmodified Opinions mula Commission on Audit mula taong 2012 hanggang 2022, na nagpapatunay na ang financial records nito ay nasa wasto at naayon sa applicable financial reporting frameworks. Ang mga ito ay ilan lamang sa mga patunay sa mahusay at maigting na pangangalaga ng Pag-IBIG Fund sa bawat hulog ng lahat ng miyembro.

How does one pay or remit their monthly membership savings to Pag-IBIG Fund?

The monthly savings of formally-employed members are done by and through their employers. Their employers are responsible in remitting their member savings, and their employer counterpart share to Pag-IBIG Fund on a monthly basis.

Self-employed members and Overseas Filipino Workers may save via Virtual Pag-IBIG, at any Pag-IBIG Fund branch or through any of our authorized collecting partners’ outlets or online payment channels.

Employed members who wish to top-up or add to their monthly membership savings may do so through their employers or by saving through the above payment channels.

Can I top up my Pag-IBIG Regular Savings so that I can save more and earn more dividends?

Yes! Save more and earn higher dividends with your Pag-IBIG Regular Savings by increasing your monthly savings. The more you save, the higher dividends you get!

If you are employed, top-up or add to your monthly membership savings through your employer by submitting the “Request for Upgrading of Savings” form. You may also top-up your savings via Virtual Pag-IBIG, at any Pag-IBIG Fund branch or through any of our authorized collecting partners’ outlets or online payment channels.

If you are self-employed or an Overseas Filipino Worker, you may top-up your Pag-IBIG Regular Savings anytime using the above payment channels.

How much dividends do my Pag-IBIG Regular Savings earn?

Pag-IBIG Fund sets aside at least seventy percent (70%) of its annual net income and credits it proportionately to its members’ Pag-IBIG Savings as dividends. This means that the more you save, the higher dividends you shall earn.

In 2020, despite the challenges of the pandemic to our economy, the Pag-IBIG Regular Savings earned a dividend rate of 5.62%.

Can I view my Pag-IBIG Regular Savings records online?

Yes! You can view your Pag-IBIG Regular Savings online, via Virtual Pag-IBIG. Simply create your Virtual Pag-IBIG account for you to view your Regular Savings, including the annual dividends it has earned.

When can I withdraw my Pag-IBIG Regular Savings?

You may withdraw your Pag-IBIG Regular Savings upon the occurrence of certain grounds. These include the following:

• Membership maturity after 20 years, equivalent to 240 monthly contributions
• Retirement at age 60 (optional retirement age) or at 65 (mandatory retirement age);
• Separation from service due to health reasons
• Permanent departure from the country
• Permanent and total disability or insanity
• Critical illness of the member or any of immediate family member, as certified by a licensed physician; or
• Member’s death, in which case the member’s legal heirs will receive his/her total Pag-IBIG Regular Savings plus an additional cash benefit of not more than P6,000.

Is the return of my Pag-IBIG Regular Savings guaranteed?

Yes, the return of your Pag-IBIG Regular Savings once these can be withdrawn is government-guaranteed.

Where can I read more about the Pag-IBIG Regular Savings?

To know more about the Pag-IBIG Regular Savings, you may download HDMF Circular No. 274, Revised Guidelines on Pag-IBIG Fund Membership by CLICKING HERE!

Pag-IBIG Savings Program

 

Pag-IBIG FUND HOTLINE

8-724-4244 (8-Pag-IBIG) - 24/7 Call Center operation. Rest assured that we shall carefully evaluate your concerns and shall respond to you immediately. Likewise, we shall give your complaints considerable attention according to the following:

Nature of Concern: Simple queries (General Information) ; Complaints

Duration: 3 Working Days

Nature of Concern: Complex Queries (Policy and Loan-related queries, queries that require coordination with other Pag-IBIG Offices; Grave complaints

Duration: 10 Working Days

Nature of Concern: Pag-IBIG Hotline Queries

Duration: 1 Hour

MAILING ADDRESS:

Letters may be sent to Members Relations Department (MRD):

2nd Flr, JELP Business Solution Center, 409 Shaw Boulevard, Brgy. Addition Hills, Mandaluyong City, Philippines

You may also send your letters directly to the concerned Pag-IBIG Branch or Department, addressed to the Office of the Manager.

History of Pag-IBIG Fund

The Birth of The Home Development Mutual Fund :

The birth of the Home Development Mutual Fund (HDMF), more popularly known as the Pag-IBIG Fund, was an answer to the need for a national savings program and an affordable shelter financing for the Filipino worker. The Fund was established on 11 June 1978 by virtue of Presidential Decree No. 1530 primarily to address these two basic yet equally important needs. Under the said law, there were two agencies that administered the Fund.

The Social Security System handled the funds of private employees, while the Government Service Insurance System handled the savings of government workers.

Less than a year after on 1 March 1979, Executive Order No. 527 was signed. The order directed transferring the administration of the Fund to the National Home Mortgage Finance Corporation, which was one of the operating agencies of the then Ministry of Human Settlements.

Seeing the need to further strengthen the stability and viability of the two funds, Executive Order No. 538 was issued on 4 June 1979, merging the funds for private and government personnel into what is now known as the Pag-IBIG Fund. However, it was only on 14 December 1980 when Pag-IBIG was made independent from the NHMFC with the signing of PD 1752, which amended PD 1530. With the improved law in effect, the Fund's rule-making power was vested in its own Board of Trustees. Likewise, PD 1752 made Pag-IBIG membership mandatory for all SSS and GSIS member-employees.

A new administration, some changes in Pag-IBIG :

Months after former President Corazon C. Aquino assumed leadership of the country, Pag-IBIG contributions were suspended from May to July 1986. This gave way to the Presidential Task Force on Shelter to conduct a thorough review of the Fund and its operations. The task force later affirmed that Pag-IBIG Fund was run professionally and that there were no anomalies in the Fund. On 1 August 1986, former President Aquino directed the resumption of Pag-IBIG membership under Executive Order No. 35. Membership was still on a mandatory basis but under more liberal terms. For one, contribution rate was reduced from three percent to one percent for employees earning over P1,500. Employer share was likewise cut from three percent to a fixed rate of two percent. The Maximum Fund Salary was raised from P3,000 to P5,000.

1 January 1987 marked the return of the Pag-IBIG Fund to a voluntary program under Executive Order No. 90. While many companies chose to discontinue their Pag-IBIG membership, quite a number, including big companies like PLDT and Dole Philippines, nevertheless opted to retain their membership to the Fund despite the voluntary nature of registration.merging the funds for private and government personnel into what is now known as the Pag-IBIG Fund. However, It was only on 14 December 1980 when Pag-IBIG was made independent from the NHMFC with the signing of PD 1752, which amended PD 1530. With the improved law in effect, the Fund's rule-making power was vested in its own Board of Trustees. Likewise, PD 1752 made Pag-IBIG membership mandatory for all SSS and GSIS member-employees.

Facing challenges head on :

Confronted with the sudden reduction in its membership base, Pag-IBIG stood unfazed and took the challenges head on. As a first step, the Fund implemented an intensified marketing campaign that focused on membership retention and generation.

It was during the years as a voluntary fund that Pag-IBIG evolved from an institution primarily for savings and housing into an agency with a wider reach that covers almost all other needs.

Pag-IBIG introduced innovative benefit programs that heeded the calls for expansion of membership to include self-employed groups with informal income, overseas Filipino workers, and non-earning spouses. It also launched other novel programs such as the Multi-Purpose Loan for its short-term loans program, and shelter programs that address both individual and institutional housing requirements.

Clearly, the voluntary nature of Pag-IBIG membership did not stop the Fund from growing in depth and breadth. During the period, the Pag-IBIG Fund has claimed its rightful place in the country's economic and financial system, finally gaining the acceptance of its members, not by force, but by its continuing efforts to impress upon the members that the Fund exists solely for their benefit as well as their beneficiaries.

After eight years as a voluntary fund, the nature of Pag-IBIG membership reverted to mandatory on 17 June 1994 when President Fidel V. Ramos signed Republic Act 7742. The new law became effective on 1 January 1995.

Today, more than a decade after the universal Pag-IBIG coverage law was implemented, the Pag-IBIG Fund continues to be a strong partner in realizing Filipino workers' dreams. Over the years, it initiated more programs and projects, particularly those that address the needs of members belonging to the bottom economic level. The Fund has established special housing partnerships with teachers and uniformed men, among others. The Rent-to-Own Program was introduced, providing members another affordable way of homeownership.

The Fund's efforts towards housing the Filipino did not go unnoticed. During the World Habitat Day celebration in October 2006, Pag-IBIG was given the prestigious Scroll of Honour Awards by the United Nations Human Settlements Program (UN-Habitat) for "making the dream of affordable housing a reality for hundreds of thousands of households." Pag-IBIG is the first Philippine government agency to be awarded such recognition.

The Fund likewise strengthened its partnership with accredited developers by way of its various institutional lending programs, among which is the much-sought after program for the development of medium and high-rise condominium buildings. The program provides a ready inventory of condominium units for sale at affordable prices, and allows members to experience condominium style living in areas close to their places of work.

In recent years, the Fund has embarked on its successful bid in the financial market, moving a step closer to its vision of becoming a premier and globally competitive provident financial institution. In 2001, the Fund floated P2 billion-worth of Pag-IBIG Housing Bonds to generate additional funds for its shelter financing programs, which was warmly received by both institutional and individual investors. The bonds matured in late 2006.

HDMF Law of 2009 :

Recognizing HDMF's contributions through the years and the need to further strengthen its capability as the biggest source of housing finance in the country to date, President Gloria Macapagal-Arroyo signed into law Republic Act No. 9679 or the Home Development Mutual Fund Law of 2009. The law was signed on 21 July 2009.

Under the new HDMF law, membership to the Pag-IBIG Fund is made mandatory for all SSS and GSIS-covered employees; uniformed members of the AFP, BFP, BJMP and PNP; as well as Filipinos employed by foreign-based employers. Now more than ever, Filipino workers will enjoy the benefits that are available only to Pag-IBIG members.

Likewise, the law grants the HDMF exemption from tax payments like other government provident institutions. With its tax-exempt status reinstated, Pag-IBIG will have more funds to finance housing and short-term loans as well as investments in government securities. Income from these endeavors is distributed exclusively to Pag-IBIG members in the form of dividends.

The HDMF Law of 2009 also gives the Board of Trustees the authority to set the contribution rates, thereby paving the way for members to save more for their future. Similarly, this will bolster the Fund's resources for home financing.

Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno. To this day, the Pag-IBIG Fund continues to harness these four sectors of the society to work together towards providing Fund members with adequate housing through an effective savings scheme.

Source: PAG-IBIG OFFICIAL WEBSITE

Pag-IBIG Mission, Vision and Values