Sunday, June 20, 2010

PAG-IBIG Contributions Now Mandatory

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Posted on Sunday, June 20, 2010

PAG-IBIG Contributions Now Mandatory
I have been hearing it a lot in DZMM that PAG-IBIG contributions are now required to all employed Filipinos whether you're OFW or not starting July 1, 2010. It is now a law, Republic Act 9679 specifically.

In my case since I work in Singapore, OFWs can pay their PAG-IBIG contributions at i-Remit. If you're not a PAG-IBIG member or have an existing account, you need to register and just pay at least one month contribution. Contribution can go from a minimum of 200 PHP to a maximum of 1,450 PHP. The more you contribute, the more you can loan in PAG-IBIG. In i-Remit by the way, you need to pay 3 SGD charge, so better pay for the whole year.

For OFWs, make sure to start contributing to PAG-IBIG or else the embassy won't issue you the Overseas Exit Clearance or (OEC).

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