PIA Press Release
Tuesday, January 24, 2012

Pag-Ibig Fund offers condonation programs

CEBU CITY, January 24 (PIA) -- The Pag-IBIG Fund Cebu North offered penalty condonation program for the unregistered and delinquent employers starting January 2012 until June 30, 2012.

Pag-IBIG Fund Cebu North Information Officer Dale Mark Antonio said, there are still many employers that remain unregistered and delinquent since the new law took effect in January 2010.

This program seeks to protect the interest of the members as well as to provide employers practicable means to settle their membership contribution arrears, Antonio explained.

It also seeks to compel unregistered/delinquent employers to register their employees to the Fund and provide them access to the benefits they deserve.

Condonation includes housing loan restructuring, as well as employers who have Pag-IBIG coverable employees from whom they did not collect membership contributions.

For those who want to avail of this program, you have to submit the following requirements: application for penalty condonation; list of employees with their respective salaries or unremitted contributions; affidavit of undertakings.

Other requirements include certified true copy of applicable proof of business existence such as business permit/Mayor’s permit; Department of Trade and Industry (DTI) certificate of registration; Securities and Exchange Commission (SEC) certificate of partnership or incorporation; Cooperative Development Authority (CDA) certificate of cooperative; SSS certificate of membership and photocopies of payroll.

Meanwhile, 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.

Employers who have previously availed of any penalty condonation offered by the Pag-­‐IBIG Fund are also disqualified.(mbcn/hfg/PIA-7)