Pag-IBIG

The increase in MFS shall be applicable to all Pag-IBIG I members under mandatory and voluntary coverage effective February 2024 onwards. The contribution rate of all Pag-IBIG I members both mandatory and voluntary shall be as follows, unless otherwise specified: Contribution Rate                                        Fund Salary                                            Employee                Employer(if any) P 1,500 and below                                           1.0%                               2.0% Over P1,500                                                2.0%                               2.0% “Fund Salary” shall refer to the basic salary and other allowances, where basic salary includes, but not limited to, fees, [...]