Home Development Mutual Fund/Pag-IBIG Fund

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  • REQUEST SUBMITTED

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    Date: 2021-03-26 08:40:09.903622

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    Date: 2021-04-14 11:57:57.871942

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    Date: 2021-04-14 12:11:07.596773

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Regular Savings (MP1)

Requested from HDMF by C. Juan at 08:40 AM on Mar 26, 2021.
Purpose: Personal Info
Date of Coverage: 01/01/2018 - 03/26/2021
Tracking no: #HDMF-039211080087

Juan 08:40 AM, Mar 26, 2021

I increased voluntarily my personal (employee) contribution, around Php1,400 per month, in Regular Savings (MP1) since 2018, so my question is:
1. Can I remove my voluntary payment (Php1,400) and pay only the mandatory contributions in my succeeding payments so I can increase my MP2 savings?
Thank you.

Officer 11:57 AM, Apr 14, 2021

April 14, 2021

Dear Conie,

Thank you for your request dated Mar 26, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Regular Savings (MP1).

We received your request on Mar 26, 2021 and will respond on or before Apr 16, 2021 08:40:09 AM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHgsSB0NvbnRlbnQiEUhETUYtMDM5MjExMDgwMDg3DA, for request with ticket number #HDMF-039211080087.

Thank you.

Respectfully,

FOI Receiving Officer
FOI Officer

Pimentel, Jr. 12:11 PM, Apr 14, 2021

14 April 2021

Dear MS. CONIE JUAN,

This refers to your eFOI request received on 29 March 2021 sent to the eFOI portal of the Home Development Mutual Fund (Fund) wherein you inquired on how to remove your voluntary contribution of One Thousand Four Hundred Pesos (Php 1,400) in your Regular Savings (P1) and pay only the mandatory contributions in your succeeding payments so you can increase your Modified Pag-IBIG 2 (MP2) savings.

Our Office deemed it proper to raise this matter to and confer with the operating unit concerned – the Member Services Support Unit (MSSU). Our MSSU confirmed that a member can revert to Pag-IBIG mandatory contributions of One Hundred Pesos (Php 100) as employee share.  The member will just have to write the employer on the revocation of the upgraded savings.  

Please also note that the stipulation on revocation of increased savings is contained in the request form that the member submits to his/her employer (Pag-IBIG Form HQP PFF250). Said form is attached herein for easy reference.

Thank you.

Very truly yours,

ATTY. MARCIAL C. PIMENTEL, JR.  
Head, Compliance Office and 
Vice President, Legal and General Counsel Group

Attachments:
 PFF250_RequesttoUpgradeMS_V02.pdf

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