Pag-IBIG Fund mulls raising members’ contributions
Credit to Author: The Manila Times| Date: Thu, 31 Jan 2019 05:18:27 +0000
STATE-run Home Development Mutual Fund or Pag-IBIG is studying increasing its members’ contribution rate by 2021.
“We have discussed this during our previous board meeting and if ever the demand will be so high then we might increase from P100 to P150,” Eduardo del Rosario, Housing and Urban Development Coordinating Council and Pag-IBIG Fund Board of Trustees chairman, said in press conference late on Wednesday.
Currently, employers and employees share a minimum deposit of P200 monthly contribution to Pag-IBIG.
“We are thinking (to implement the hike) by 2021. (But) we will see how the market grows and the demand and we will watch the trend for the housing sector,” del Rosario said. MAY CARABALLO
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