AFTER months of public consultations and getting the support of both labor and employer groups, the Home Development Mutual Fund (Pag-IBIG Fund) will soon raise the three-decade-old P100-monthly savings rate of its members.
On November 6, the agency’s 11-member Board of Trustees approved to increase the Pag-IBIG Fund members’ mandatory monthly savings from the current P100 to P150 by January 2021 and to P200 by January 2023. The same increase shall also be applied to the counterpart share shouldered by employers.
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