Amendments to Home Development Mutual Fund Law

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Republic Act No. 7742: Amendments to Home Development Mutual Fund Law

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Title Source: Supreme Court: Amendments to Home Development Mutual Fund Law

Law: Republic Act No. 7742

Decision Date: Jun 17, 1994

The amendment to the Philippine Law reinstates the coverage of the Fund for all employees and employers, with mandatory contributions based on monthly compensation, and allows for voluntary membership for employees earning less than P4,000.00, with the option to withdraw contributions after ten or fifteen years of continuous membership.

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