Pag-IBIG extends remittance due from employers

MANILA, Philippines — Pag-IBIG Fund is giving employers more time in the remittance of the Pag-IBIG monthly savings (contributions) and short-term loan payments of its employees as businesses slowly resume operations upon the easing of quarantine rules around the country.

“We have extended the deadline and are giving employers up to June 30 to remit their employees’ Pag-IBIG monthly savings and short-term loan payments, so they have more time to process their payrolls during this period. This is yet another way that we are helping businesses and their employees as we continue with our nation’s journey to recovery under the lead of President Duterte,” said Secretary Eduardo del Rosario, head of the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund board.

The extension, he said, covers remittances due for the months of March, April and May and shall assist nearly 312,000 employers nationwide, both from the private and government sectors.

Meanwhile, Pag-IBIG Fund chief executive officer Acmad Rizaldy Moti said that this is the second time that the agency extended its payment deadline for employers. And while they have opened all their branches and made electronic payment channels available, this payment extension is expected to spread out the volume of transactions from both employers and members.

“We recognize the key role that our employers play in ensuring that our Filipino workers maintain their active membership with Pag-IBIG Fund. That’s why we are giving them another 15 days to remit the Pag-IBIG monthly savings and short-term loan payments oftheir employees, without incurring penalties and interest. We hope that this move would help ease their concerns, as their businesses resume and as the nation transitions to the‘new normal’,” Moti said.