PAG-IBIG FUND TATAASAN ANG DECADES-OLD SAVINGS RATE SA 2021

MAKARAAN ang ilang buwang public consultations at makuha ang suporta kapwa ng labor at employer groups, tataasan na ng Pag-IBIG Fund ang three decades-old P100 monthly savings rate ng mga miyembro nito.

Noong November 6, inaprubahan ng 11-member Board of Trustees ng ahensiya ang pagtataas sa mandatory monthly savings ng mga miyembro ng Pag-IBIG Fund sa P150 mula sa kasalukuyang P100 sa Enero 2021, at sa P200 sa Enero  2023. Ang parehong pagtataas ay ipatutupad sa counterpart share na sinasagot ng mga employer.

“For us to continue offering the lowest loan rates to our members, the Pag-IBIG Fund Board has thoroughly discussed as early as the first quarter of this year, the need to increase the monthly savings of our members. And, because President Rodrigo Roa Duterte has standing orders to consider the plight of the Filipino workers, we have decided to implement the adjustment over a stag-gered period to allow all our stakeholders to prepare,” wika ni Secretary Eduardo D. del Rosario, chairman ng Housing and Urban Development Coordinating Council (HUDCC) at ng Pag-IBIG Fund Board of Trustees.

Sinabi naman ni Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti na maaaring mahigitan ng pagtataas sa de-mand para sa home loans ng ahensiya ang paglago sa koleksiyon nito mula sa P100 monthly savings ng mga miyembro. ­Aniya, ang home loan releases pa lamang ng ahensiya ay lumolobo na sa average rate na 17.5% annually sa nakalipas na limang buwan.

“The demand for our home loans has grown tremendously through recent years. To give you a better idea, in 2014, our home loan releases totaled P40.5 billion but in 2018, the amount almost doubled to P75.3 billion. And we have been able to sustain the double-digit growth so far in 2019. Our home loan releases from January to October increased 13% year-on-year to P66.47 billion,” sabi ni Moti.

“At the current monthly savings rate, in addition to our housing and short-term loan payment collections, we have more than enough funds to support up to 10% average growth rate in home loans. But we expect demand to remain strong with growth at around 15% annually in the coming years. Adjusting the monthly savings amount will provide the necessary additional funds to sustain the low loan interest rates we currently offer to our members,” dagdag pa niya.

Ani Moti, ginugol nila ang nakalipas na pitong buwan sa pagkonsulta sa planong pagtataas sa labor unions, OFW non-government organizations (NGOs), employer groups, at iba pang stakeholders.

“I’m happy to report that our stakeholders have expressed their support in raising the monthly savings of our members, as well as the counterpart share of employers. We thank them for recognizing that the increase in monthly savings is an increase in members’ benefits because every peso they save will go to their Pag-IBIG Fund Savings, entitle them to higher cash loans at low rates should they need it, and allow them to earn higher dividends annually,” aniya.