Pag-IBIG-Fund - DepEd Division of Malaybalay City

Report
Pag-IBIG Fund
Cagayan de Oro Branch
Pag-IBIG Fund Building
JR Borja-Mortola Sts.,
Cagayan de Oro City
Pag-IBIG Fund Bukidnon
Extension Office
Tubeo Bldg., Damasco Street
Malaybalay City Bukidnon
Home Development
Mutual Fund (HDMF)
ACRONYM
Pagtutulungan sa
kinabukasan
 Ikaw
 Bangko
 Industriya
 Gobyerno

TWIN MANDATES
Savings
Shelter /
Housing
Pag-IBIG Fund HISTORY

Republic Act No. 9679
 Signed by PGMA
HDMF Law of 2009
on 21 July 2009
 Published on 12 August
2009
 Became effective on 27 August
2009
MEMBERSHIP
COVERAGE
MANDATORY MEMBERSHIP COVERAGE
All Private and
Government
Employees (SSS &
GSIS members), as
mandated under
Republic Act 9679

PROVIDENT
SAVINGS PROGRAM
MONTHLY CONTRIBUTION RATES
Monthly
Compensation
Employer
Counterpart
Personal
Share
P1,500 & Below
P1,500 to P5,000
1%
+
2% +
5,000.00 – maximum
compensation for
computing monthly
contribution
2%
2%
PROVIDENT SAVINGS
PROGRAM
SALIENT FEATURES
Double or triple your money
benefit
I. Monthly Compensation is more than P1,500.00
Example: Your income is P 5,000.00
Personal Share
= P100.00 (2%)
Employer Counterpart= P100.00 (2%)
Monthly Savings
= P200.00 (4%)
PROVIDENT SAVINGS
PROGRAM
• A member may be allowed to contribute more than
the required rates should he or she so desires.
•The employer, however, shall only be mandated to
contribute what is required, unless it agrees to match
the member’s increased contribution.
MONTHLY REMITTANCE SCHEDULE
of Pag-IBIG Fund CONTRIBUTIONS & MPL
NAME OF EMPLOYER
(Alphabetical Order)
DATE OF REMITTANCE
Individual Payor
Before the 10th of the month following the period
covered
A to D
10th to 14th of the month following the period
covered
E to L
15th to 19th of the month following the period
covered
M to Q
20th to 24th of the month following the period
covered
R to Z, Numeral
25th to end of the month following the period
covered
PROVIDENT SAVINGS
PROGRAM
SALIENT FEATURES
Tax Free Dividend earnings
based on the Member’s
Total Accumulated
Value (TAV)
Employees Statement of Accumulated Value (ESAV)
Portability of Savings
Government Guaranteed
Withdrawable upon the occurrence of any ground for
termination of membership
MULTI-PURPOSE LOAN
PROGRAM
MULTI – PURPOSE LOAN
PROGRAM
Savings Based (Total Accumulated Value)
24 monthly contributions
(2 years in residency)
Active
Member
Updated HousingLoan
Account
MULTI – PURPOSE LOAN
PROGRAM
Loan Amount
REQUIRED NUMBER OF
CONTRIBUTIONS
LOAN AMOUNT
24 – 59 months
Up to 60% of
member’s TAV
60 – 119 months
Up to 70% of
member’s TAV
At least 120 months
Up to 80% of
member’s TAV
MULTI – PURPOSE LOAN
PROGRAM
Interest Rate - 10. 75 % per annum
Loan Term
- 2 years
Loan Renewal - 6 months
Processing Time - 1 day or 2 days
Loan Release - Check or ATM (DBP/LBP)
Payment Scheme – Salary deduction/OTC
TAV Offset in case of the following:
Unemployment
Total/Partial Disability or
Death of Member’s immediately
CALAMITY LOAN
PROGRAM
CALAMITY LOAN PROGRAM
Interest Rate - 5.9 % per annum
Loan Term
- 2 years
Loan Release - Check or ATM (DBP/LBP)
Payment Scheme – Salary deduction/OTC
HOUSING LOAN
PROGRAM
HOUSING LOAN PURPOSES






Lot Purchase
House Construction
Lot Purchase & House Construction
Purchase of a Residential Unit
Major Home Improvement
Refinancing of an Existing Loan
The property must be:
 Titled Property (OCT,TCT,CCT)
issued by Registry of Deeds
 Having a Road Right of Way
 Within the residential Zone
 Free from Liens/Encumbrances
ELIGIBILITY REQUIREMENTS



24 Months Contributions
Not more than 65 years old & insurable;
not more than70 years old at loan
maturity
Has legal capacity to acquire and
encumber real property
ELIGIBILITY REQUIREMENTS


Has passed satisfactory background /
credit & employment / business checks
of the developer & Pag-IBIG Fund
Has no outstanding Pag-IBIG housing
loan, either as a principal borrower or
co-borrower;
MAXIMUM LOAN AMOUNT
OF P 6 MILLION
Based on the lowest of the
following:
 Borrower’s Actual Need
 Loan-to-Collateral Ratio
 Loan Entitlement
 Contributions
 Net Disposable Income
The housing loan shall be repaid at a
maximum term of thirty (30) years
and shall in no case exceed the
difference between the present age and
age 70 of the principal borrower.
GROUNDS FOR THE WITHDRAWAL
OF YOUR Pag-IBIG Fund SAVINGS
Membership Maturity (10,15 or 20 years)
Retirement (Ages 60 & 65; Early Retirement: Age 45)
Permanent Departure from the Philippines
Permanent Total Disability/Insanity
Termination from Service by reason of health
Death of Member
Other causes as may be provided by the Board of Trustees
WITHDRAWAL OF SAVINGS
The Member or his/her beneficiaries will
receive the following:
Total Accumulated Value
(TAV)
Personal
Share + EmployerCounterpart + Dividend Earnings (Lump
sum)
Death Aid Benefit (DAB) P 6,000
Full Payment of the Housing Loan Account
(In case of death of the Principal Borrower)
COMPARISON
MATURITY CLAIM
5. Termination from service due to
health
- Employer Certificate that said
employee was separated for health
reasons duly notarized.
- Physicians Certification
- SSS Disability Voucher
6. Death
•
•
•
With additional Death Aid Benefit (DAB) of
P6,000
DAB entitlement in full if member is active (w/
contributions within 6 months) based on date
of death
If inactive, up to the Total Savings accumulated,
but not more than P6,000
Death Aid Benefit Documentary
Requirements
1. NSO Death Certificate of Member
2. NSO copy of Birth, Death & Marriage Certificates of
claimants/beneficiaries
3. Proof of Surviving Legal Heirs (PSLH)
4. Affidavit of Guardianship (for minors)
5. Discrepancies are supported by Affidavit from two disinterested
persons
6. Latest Service Record(Authenticated)
7. Latest Payslip (Authenticatedby Office)
Additional Requirements
•Married Member
1.Marriage Advisory of Deceased Member (NSO)
2.2 valid ID’s
SSS ID, Voter’s ID,Company ID
•Single
1. CENOMAR (NSO)
2. Funeral Receipt
3. 2 valid ID’s – SSS, Voter’s ID, Company
4. Birth Certificate of Member (NSO)
5. Joint Affidavit (2 witnesses) that the member died without
children
Requirements for
Retirement(Government Employees)
•
Application for Provident Benefits (3 copies )
•
GSIS Retirement Voucher (2 copies)
•
Retirement Order (PNP, PA, BFP, BJMP) (2
copies)
•
2 Different Unexpired Valid ID’s with clear
signature (photocopy back to back) 2 copies
a. Primary ID : Employers ID
b. Secondary ID: Pag-IBIG ID Card, GSIS ID
or E-Card ID, Voters Affidavit, PRC ID,
Driver’s License, Passport, Senior Citizen
ID , SSS ID , BIR ID, Postal ID
c. PNP/AFP/PA/ BJMP/ BFP for all military
members (AFPSLAI not valid ID)
• Updated Service Record stating
specific date of retirement (gov’t
employees ) 2 copies
• Statement or Certification of last
payment (2 copies)
REMINDER:
Please bring all original documents for
comparison and authentication.
In all instances wherein photocopies are
submitted, photocopied documents must be
duly authenticated by the claimants
Administrative Officer
Filing/Submission must be on or after
retirement date.
FOR MORE DETAILS:
(08822) 726348/722800/721258 CDO
(088) 8561861 to 62 local 209 or 211 CDO
(088) 2214155 or (088) 8132701 Mlybly
[email protected]
[email protected]
Visit us
Pag-IBIG Fund Bldg., JR. Borja
Mortola Sts., Cagayan de Oro City
Pag-IBIG Fund Bukidnon Ext Office
Tubeo Bldg., Damasco St.,
Malaybalay City
www.pagibigfund.gov.ph
Daghang Salamat!

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