Home Development Mutual Fund/Pag-IBIG Fund

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    Date: 2022-07-15 17:31:13.268899

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    Date: 2022-07-27 08:43:37.944335

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    Date: 2022-07-27 14:09:11.922668

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How to file a report for new company registered that there are no employees

Requested from HDMF by R. Valdez at 05:31 PM on Jul 15, 2022.
Purpose: New Employer to Report ZERO Employees upon registration
Date of Coverage: 06/01/2022 - 07/15/2022
Tracking no: #HDMF-217184025978

Valdez 05:31 PM, Jul 15, 2022

Hi
I would like to ask how, as a new company registered, make a formal filing/report that we have not hired any employees for the newly registered company. Pls, assist regarding the process and the forms needed to be filled out. Thanks!

Officer 08:43 AM, Jul 27, 2022

July 27, 2022

Dear Richard,

Thank you for your request dated Jul 15, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for How to file a report for new company registered that there are no employees.

We received your request on Jul 15, 2022 and will respond on or before Aug 05, 2022 05:31:13 PM, 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/aglzfmVmb2ktcGhyHgsSB0NvbnRlbnQiEUhETUYtMjE3MTg0MDI1OTc4DA, for request with ticket number #HDMF-217184025978.

Thank you.

Respectfully,

FOI Receiving Officer
FOI Officer

Pimentel, Jr. 02:09 PM, Jul 27, 2022

27 July 2022

Dear MR. RICHARD S. VALDEZ,

This refers to your eFOI request received on 15 July 2022 via the eFOI portal of the Home Development Mutual Fund (Fund) wherein you inquired how a newly registered company may make a formal filing/report that it has not hired any employees. Further, you inquired on the process and the forms needed to be accomplished. However, it is not clear if the registration that you mentioned pertains to registration of the company with the Securities and Exchange Commission or registration with the Fund as an employer.    

Our Office deemed it proper to raise this matter to and confer with the operating unit concerned – the Member Services Sector Support Unit (MSSSU).

Section 24 (a) of Republic Act No. 9679 or the Home Development Mutual Fund Law of 2009 provides that each employer shall immediately report to the Fund the names, ages, civil status, occupations, salaries and dependents of its covered employees. Section 4, Rule V of the Implementing Rules and Regulations (IRR) of RA No. 9679 provides that the mandatory coverage of the employer shall take effect on the first day of his business operation, and that of the employee on the date of his or her employment.  Section 5, Rule V of the IRR further provides that all new employers shall first register with the Fund prior to the start of their business operations. Thus, we encourage you to register with the Fund if you have not yet registered. Upon registration, please advise the branch that you have not yet commenced business operations and still in the process of hiring your employees.  

Kindly be informed that per our MSSSU, no monthly report is required from the employers who still have no employees or are non-operational. 

Finally, pursuant to Section 6, Rule V of the IRR, it shall be the duty of all employers to register all their employees subject of mandatory coverage within thirty (30) days from the start of their business operations. For newly hired employees, the employer shall register them with the Fund within thirty (30) days from the start of their employment.

Thank you.

Very truly yours,

ATTY. JOSE ROBERTO F. PO
Department Manager III, Legal Department and
Deputy Compliance Officer

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