OFW organizations are also backing PagIBIG Fund’s plan to increase
members’ monthly savings
rate this year, agency officials
announced Tuesday, (16 January).
After gaining support from labor and employer groups, Pag-IBIG Fund’s
plan also received nods from
the Kapisanan ng mga Kamag-anak at Migranteng
Manggagawang Pilipino, Inc.
(KAKAMMPI), the Kabalikat
ng Migranteng Pilipino, Inc.
(KAMPI), the Kaibigan ng
mga OCWs, and several other OFW groups.
“We support unequivocally Pag-IBIG Fund’s
proposal to increase the contributions of its members. An
increase in contributions is
definitely a step towards the
right direction as this would
mean more funds that could
be employed for the benefit of
current P5,000. As a result,
the monthly savings of PagIBIG Fund members, for both
the employee’s share and the
employer’s counterpart, shall
increase to P200 each from
the current P100.
Pag-IBIG Fund
Chief Executive Officer
Marilene C. Acosta, meanwhile, expressed her appreciation for the support of the OF
groups and gave assurance
that Pag-IBIG Fund members
shall receive better benefits
under the agency’s new rates.
“We thank the KAKAMMPI, KAMPI, Kaibigan
ng mga OCWs and all other
OFW groups for their support
and sharing in our efforts to
improve the benefits received
by our members, including
our fellow Filipinos working
overseas, by increasing our
monthly savings rates,” Acos
members seeking to apply for
home loans and short-term
loans. Not only is it timely, but
more importantly, it is the right
thing to do,” said Luther Calderon, who serves as President of KAMPI.
In their respective
letters sent to Pag-IBIG Fund,
the OFW groups noted that
the new Pag-IBIG monthly
savings rates would enable
members to improve their
benefits and better prepare
for the future.
Under Pag-IBIG
Fund’s new savings rates,
the maximum monthly compensation to be used in
computing the required 2%
employee savings and 2%
employer share of Pag-IBIG
Fund members shall be increased to P10,000, from the
ta said.
“We at Pag-IBIG Fund recognize the aspirations of
our fellow Filipinos working
overseas of providing a better life and future for their
families. That is why we assure our OFW members that
the increase in the Pag-IBIG
monthly savings rates shall
mean better benefits to further help them pursue their
dreams. Under our new
rates, members shall have
higher Pag-IBIG Savings
that earn annual dividends,
which they shall receive upon
membership maturity or retirement, as well as higher
multi-purpose and calamity
loan amounts to help them
with their financial needs.
This shall also allow us to
continue offering affordable
home loans and provide them
better opportunities to gain a
home of their own,” Acosta
added. END
