Pag-Ibig Benefits

Question 1

What article govern the Pag-Ibig Benefits

Answer 1

RA 9679

Question 2

A Fund is a mutual provident savings system for private and government employees and other earning groups, supported by matching mandatory contributions of their respective employers with housing as the primary investment.

Answer 2

The Home Development Mutual Fund, otherwise known as Pag-IBIG (Pagtutulungan sa kinabukasan: Ikaw, Bangko, Industriya at Gobyerno)

Question 3

All employees who are or ought to be covered by the Social Security System (SSS), provided that actual membership in the SSS shall not be a condition precedent to the mandatory coverage in the Fund. True or False.

Answer 3

TRUE

Question 4

Mandatory Coverage of Pag ibig

Answer 4

All employees who are or ought to be covered by the Social Security System (SSS), provided that actual membership in the SSS shall not be a condition precedent to the mandatory coverage in the Fund. It shall include, but are not limited to:

a. A private employee, whether permanent, temporary, or provisional who is not over sixty (60) years old.
b. A household helper earning at least ₱1,000.00 a month. A household helper is any person who renders domestic services exclusively to a household such as a driver, gardener, cook, governess, and other similar occupations.
c. A Filipino seafarer upon the signing of the standard contract of employment between the seafarer and the manning agency, which together with the foreign ship owner, acts as the employer.
d. A self-employed person regardless of trade, business or occupation, with an income of at least ₱1,000.00 a month and not over sixty (60) years old.
e. An expatriate who is not more than sixty (60) years old and is compulsorily covered by the Social Security System (SSS), regardless of citizenship, nature and duration of employment, and the manner by which the compensation is paid. In the absence of an explicit exemption from SSS coverage, the said expatriate, upon assumption of office, shall be covered by the Fund.
An expatriate shall refer to a citizen of another country who is living and
working in the Philippines.
employees who are subject to mandatory coverage by the Government Service
2. All
Insurance System (GSIS), regardless of their status of appointment, including members of the judiciary and constitutional commissions;
3. Uniformed members of the Armed Forces of the Philippines, the Bureau of Fire Protection, the Bureau of Jail Management and Penology, and the Philippine National Police;
4. Filipinos employed by foreign-based employers, whether they are deployed here or abroad or a combination thereof.

Question 5

The maximum monthly compensation to be used in computing the employee and employer contributions shall not be more than ₽5,000.00. Employers shall remit two percent (2%) of the monthly compensation of the contributing member as counterpart of or, otherwise, to recover from the employee the employer’s contribution. TRUE OR FALSE?

Answer 5

TRUE

Question 6

Membership contribution

Answer 6

1500 MC
Employer Con- 1%
Employee Con- 2%

1500 over
Employer and Employee con- 2%

note. a maximum monthly compensation of 5K is only the limit in computing the employer and employee contribution.