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PIA Press Release
Tuesday, January 17, 2012

 

Pag-IBIG Fund, LGUs ink agreement to strengthen membership

QUEZON CITY, Jan. 17 (PIA) -– The Pag-IBIG Fund recently forged an agreement with local government units to intensify efforts in enforcing mandatory membership among private and government employees.

In a release, Pag-IBIG Chief Executive Officer Darlene Marie B. Berberabe said they are intensifying efforts to enforce the mandatory provision of Republic Act 9679 or the Home Development Mutual Fund Law of 2009.

According to Berberabe, around 250,000 were still found unregistered in 2011.

“These employers are depriving their personnel of the benefits of membership in the Fund – benefits which include long term savings with better than usual earnings, access to housing finance, and easy access to short-term cash loans in times of need,” said Berberabe.

She added that tie up with LGUs will now make the registration a pre-requisite to securing or renewing business permit.

On the other hand, the CEO also recognized the fact that some employers were unable to register with the Fund due to the accumulation of penalties on uncollected and unremitted contributions.

In line with this, Pag-IBIG is implementing a penalty condonation program for unregistered or delinquent employers beginning January 2 until June 30, 2012.

Berberabe encouraged employers who have yet to register with the Fund to take advantage of this program.

“After June 30, we have no other recourse but to file cases against unregistered employers as part of the Fund’s Intensified Membership Enforcement and Collection Campaign (IMECC),” added Berberabe.

For more information on the Pag-Ibig Penalty Condonation Program for unregistered or delinquent employers and companies, please call hotline 7244244 (for Metro Manila) or may get in touch with the nearest Pag-Ibig branch, or email the secretariat at employerpencon@pagibigfund.gov.ph. (Pag-Ibig/RJB/JEG-PIA-NCR)

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