Pag-IBIG members seen to gain more benefits under new rates

MANILA, Philippines: Millions of Pag-IBIG Fund members will enjoy higher benefits from savings to cash and home loans with the agency's plan to raise the nearly four-decade old mandatory monthly savings for both members and their employers starting February 2024.

«We at Pag-IBIG Fund have long recognized the need of our members to have higher savings that shall provide them with decent and fair returns upon their retirement, as well as higher cash loans to help them during times of need,» the agency said in a statement. Expressing her appreciation for the support of stakeholders in its plan to increase the monthly contribution rate, Pag-IBIG Fund Chief Executive Officer Marilene Acosta assured members of better benefits under the agency's new rates.

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