Making Sense of Pag-IBIG Fund's Member Contribution Increase: A Closer Look At The Benefits
Are you a Pag-IBIG Fund member? Brace yourself for a change coming in February 2024! In a recent announcement, Pag-IBIG Fund revealed a 100% increase in member contributions, soaring from Php100 to Php200. While this may seem like an added financial burden at first glance, let us delve into the details to understand how this adjustment can actually pave the way for a brighter financial future for all Pag-IBIG members. Pag-IBIG CEO Marilene Acosta emphasized that this increase is a strategic move aimed at bolstering member benefits in the long run. Starting next month, both employees and employers will need to contribute Php200 each, amounting to a total monthly savings of Php400 per member. But fret not -- this seemingly hefty contribution hike is a small price to pay for the substantial advantages it brings. One of the immediate perks members can expect is an increase in the loanable amount for short-term loans. This means that when you find yourself in need of financial assista...