WHILE Pag-IBIG contributions are deducted from monthly salaries, they should not be viewed as expenses but as a valuable form of investment offering long-term financial benefits, according to a Pag-IBIG Fund official.
“Many people mistakenly think their Pag-IBIG contributions are just deductions,” said Atty. Marie Antoniette Diaz, Pag-IBIG Fund Senior Vice President for Member Services Operations. “They don’t realize it’s actually savings – and not just savings, but savings that earn dividends.”
Diaz emphasized that these savings earn a six percent dividend, allowing members to withdraw both their contributions and accrued dividends upon maturity. This return surpasses most savings institutions, making Pag-IBIG a compelling investment option.
“While these savings may not seem essential now, they will provide significant benefits in the long run, especially during retirement,” Diaz added.
Addressing public concerns regarding past incidents where savings from other entities had disappeared, Diaz reaffirmed Pag-IBIG Fund’s commitment to safeguarding members’ funds.
“We, the personnel of the Pag-IBIG Fund, assure you that your money is safe with us,” Diaz stated. “Remember, we are all owners of the Pag-IBIG Fund, so we need to take care of it.”
From July 2022 to the third quarter of 2024, Pag-IBIG Fund collected approximately P113.23 billion in mandatory regular savings. In the Davao region, around P4.65 billion was collected during the same period.
Beyond mandatory regular savings, Pag-IBIG Fund also promotes voluntary MP2 savings, offering a higher return of 7.05 percent with a shorter maturity period.
“I encourage everyone, especially young people, to start saving with MP2 at just P500.00 per month,” Diaz said. “By the time you retire, you’ll be a millionaire.”
From July 2022 to the third quarter of 2024, members saved approximately P115.84 billion under the MP2 program. In the Davao region, members saved P2.80 billion under MP2.
