PIA Press Release
Sunday, January 15, 2012
Pag-Ibig offers penalty condonation program for delinquent, unregistered employersTACLOBAN CITY, Leyte, Jan. 15 (PIA) -– From January to June 30, 2012, delinquent and unregistered employers are given six-month period for the condonation of penalty by the Home Development Mutual Fund or Pag-Ibig Fund.
Mr. Kevin Siosana, information officer of Pag-Ibig Fund Tacloban, disclosed the information during the January 13 Harampang Ha PIA weekly media interaction at the Philippine Information Agency Regional Office.
Pag-IBIG Membership Coverage is now universal under Republic Act 9679 or the Home Development Mutual Fund Act of 2009, Mr. Siosana said.
“This means that every employed Filipino should be a Pag-IBIG Member and enjoy its benefits,” Mr. Siosana said. It was, however, found that a large number of employers continue to remain unregistered with the Fund since the new Law took effect in January 2010.
Under HDMF Circular No. 399, the program shall cover employers who did not enroll their employees with Pag-IBIG and those who also did not collect membership contributions.
The program covers unregistered and delinquent employers, as well as employers who have Pag-IBIG coverable employees from whom they did not collect membership contributions.
Employers who have deducted but did not remit membership contributions and/or short term loan amortizations from their employees are disqualified from this penalty condonation.
Unregistered employers who wish to avail of the program are required to register with the Fund through its Online Employer Registration System prior to applying for penalty condonation not later than June 30, 2012.
Upon application for penalty condonation, employers are required to remit their contributions of current employees for the current remittance period and every month thereafter. Otherwise, the corresponding penalty chargers will apply.
The applications for penalty condonation are approved or disapproved not later than two months from the date of submission of the complete documents.
Once the application for penalty condonation is approved, employers have the option to settle it in full or through a plan of payment to be submitted within seven days and not later than the 25th day from the day of approval. Otherwise, said approval shall be forfeited.
The employers are required to pay all their counterpart dues from the approval of application and the dividends that said arrearages could have earned. The payment shall be made in full within 30 days from approval of the application for penalty condonation.
Employers whose applications are disapproved are required to pay all contributions, arrearages of its members including applicable penalties, interests and dividends.
The failure to comply with the said conditions will result to corresponding legal actions against the delinquent employers.
For more information, interested parties may visit the Pag-Ibig Fund Office in Tacloban City, Mr. Siosana said. (PIA 8)