Pag-IBIG to double monthly contribution rate in February
The Home Development Mutual Fund or Pag-IBIG Fund is set to double the monthly contribution rate of its members starting next month. Under Pag-IBIG Fund’s contribution policy, the monthly fund salary (MFS), which is the basis of the 2% contribution rate, is pegged at a maximum of P5,000 a month. This means the average premium of members is currently capped at P100 per month, with...
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