Businesses are resume operations steadily upon the easing of quarantine guidelines around the country. In fact, the Pag-IBIG Fund is giving employers extensions in the remittance of the monthly contributions. Included here are the short-term loan payments of its employees.
“We have extended the deadline and are giving employers up to June 30 to remit their employees’ Pag-IBIG monthly savings and short-term loan payments, so they have more time to process their payrolls during this period. This is yet another way that we are helping businesses and their employees, as we continue with our nation’s journey to recovery under the leadership of President Duterte,” said Secretary Eduardo D. del Rosario, head of the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board.
According to del Rosario, remittances due for the months of March, April, and May is being covered by the extension. This shall help almost 312,000 employers around the country, both from the private and government sectors.
The agency gave an extension on its payment deadline for employers the second time now, according to Acmad Rizaldy P. Moti, Pag-IBIG Fund Chief Executive Officer.
All Pag-IBIG Fund branches and electronic payment channels are made available. This extension is seen to spread out the number of settlements from employers and members.
“We recognize the key role that our employers play in ensuring that our Filipino workers maintain their active membership with the Pag-IBIG Fund. That’s why we are giving them another 15 days to remit the Pag-IBIG monthly savings and short-term loan payments of their employees, without incurring penalties and interest. We hope that this move would help ease their concerns, as their businesses resume and as the nation transitions to the ‘new normal’,” Moti said.
Source: Manila Bulletin