Record Pag-IBIG payout following 'best year yet'

by The Manila Times

Mar 30, 2023 3:00 pm

The Pag-IBIG Fund approved a record payout for members following a 'best-performing year' in 2022, officials said on Tuesday.

Pag-IBIG board of trustees chairman Jose Rizalino Acuzar that while the agency was required to give back at least 70 percent of its annual net income as dividends, the board had approved a 97-percent payout ratio.This translates to record dividends amounting to P42.70 billion.

President Ferdinand Marcos, Jr., together with Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar and Pag-IBIG CEO Marilene Acosta, unveil the dividend rates for 2022 during Pag-IBIG Chairman's Report at SMX Convention Center in Pasay City on Tuesday, March 28, 2023. The rates for Pag-IBIG Regular Savings is 6.53% per annum while Pag-IBIG MP2 Savings is 7:03% per annum. Both are the highest dividend rates since the pandemic. PHOTO BY RENE H. DILAN

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