The Home Development Mutual Fund or Pag-IBIG Fund on Tuesday said it would not implement an increase in members’ contribution this year, deferring the scheduled monthly premium hike for the third time. “We affirm that Pag-IBIG Fund has no proposed contribution hike this 2023,” Pag-IBIG said in a statement sent to GMA News Online.
The Home Development Mutual Fund or Pag-IBIG Fund on Tuesday said it would not implement an increase in members’ contribution this year, deferring the scheduled monthly premium hike for the third time.
The agency said that, in 2019, it obtained the concurrence of our stakeholders to implement a planned contribution increase in 2021 —from P100 to P150 for members. “As part of our efforts to improve the benefits of our members and with our country’s continued economic recovery, we shall be conducting consultations with employer and labor groups regarding plans to increase our contribution rates to take effect no earlier than 2024,” Pag-IBIG said.order to suspend the premium rate hike
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