Home Development Mutual Fund/Pag-IBIG Fund

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    Date: 2021-04-14 15:35:23.944813


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    Date: 2021-05-03 16:05:32.168272


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    Date: 2021-05-03 16:12:33.115589

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RE: #HDMF-039211080087

Requested from HDMF by C. Juan at 03:35 PM on Apr 14, 2021.
Date of Coverage: 01/01/2018 - 03/26/2021
Tracking no: #HDMF-681633558401

Juan 03:35 PM, Apr 14, 2021

For further query in your response to above subject:

1. What will the employer do in behalf of the employee to HDMF, will they submit the revocation of the upgraded savings to HDMF? If so, what other attachments aside from the letter must submit to HDMF?
2. As per my understanding, the attached Pag-IBIG Form HQP PFF250 was just a sample of the form submitted to employer and doesn't need to submit again, am I right? Since this is a downgrade/revocation and not upgrade.

Officer 04:05 PM, May 03, 2021

May 3, 2021

Dear Conie,

Thank you for your request dated Apr 14, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for RE: #HDMF-039211080087.

We received your request on Apr 14, 2021 and will respond on or before May 05, 2021 03:35:23 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://efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHgsSB0NvbnRlbnQiEUhETUYtNjgxNjMzNTU4NDAxDA, for request with ticket number #HDMF-681633558401.

Thank you.


FOI Receiving Officer
FOI Officer

Pimentel, Jr. 04:12 PM, May 03, 2021

03 May 2021


This refers to your eFOI request received on 14 April 2021 sent to the eFOI portal of the Home Development Mutual Fund (Fund) wherein you made a follow-up query relative to your 29 March 2021 inquiry on revocation of your voluntary Regular Savings (P1) to the Fund. In your follow-up e-mail, you asked the following:

1.	What will the employer do on behalf of the employee, will they submit the revocation of the upgraded savings? If so, what other attachments, aside from the letter, must be submitted to HDMF?
2.	As per your understanding, the attached Pag-IBIG Form HQP PFF250 was just a sample of the form submitted to employer and does not need to be submitted again, since this is a downgrade/revocation and not an upgrade.

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 answered your questions as follows:

1.	For the upgrade and downgrade of Membership Savings (MS), there is no need to submit any document to the Fund.  The remittance list is sufficient. HQP PFF250 is submitted by the employer only.  Said form was made so that the member can easily request for an upgrade.
2.	For purposes of downgrading, the member will have to write to the employer his/her intent to revert to the mandatory employee savings of One Hundred Pesos (P100.00).
For further inquiries, you may contact Ms. Jasmine Baltazar, Loans and Credit Evaluator II of the Member Services Support Unit, at jabaltazar@pagibigfund.gov.ph.

Thank you.

Very truly yours,

Head, Compliance Office and 
Vice President, Legal and General Counsel Group

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