MANILA, Philippines 鈥� The Home Development Mutual Fund or the Pag-IBIG Fund said that it will raise its member contributions in February 2024.
In a phone interview with the Pag-IBIG Fund on Tuesday, monthly contributions from employees and employers will be increased to P200, from the minimum P100.
鈥淢agiging 200 po for employees, and 200 po for employers, up to a total of 400 per month,鈥� Pag-IBIG told 黑料社.
(It will be raised to P200 for employees, and P200 for employers, up to a total of P400 per month.)
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According to the Pag-IBIG, this increase was done to 鈥渟ustain the needs of its members鈥� and will also be reflected in members鈥� benefits.
鈥淜ung bakit po nag-increase po, para po ma-sustain 鈥榶ong pangangailangan ng Pag-IBIG members so 鈥榶on naman pong for regular contributions na pag-iincrease, makikinabang pa rin naman po 鈥榶ong mga Pag-IBIG members,鈥� it said.
(On the question of why it was increased, this is to sustain the needs of Pag-IBIG members, so for increasing regular contributions, Pag-IBIG members will still benefit.)
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鈥淜ung marami pong savings ng isang Pag-IBIG member, malaki din po yung ma-eearn nila. So babalik at babalik pa rin po 鈥榶on sa Pag-IBIG member,鈥� it added.
(If a Pag-IBIG member has more savings, they will earn more. It will eventually return to the Pag-IBIG member.)