Question & AnswerQ&A (EXECUTIVE ORDER NO. 308)
The main purpose of Executive Order No. 308 is to allow certain barangay officials to become voluntary members of the Pag-IBIG Fund, providing them access to shelter and housing assistance under the government's National Shelter Program.
Barangay Chairman, Barangay Council Members, including the Chairman of the Sanggunian Kabataan (SK), barangay secretaries, and treasurers are allowed to become members.
The honoraria received by barangay officials are treated as fixed salary for the purpose of Pag-IBIG Fund contributions under this EO.
No, the membership for barangay officials under this order is on a voluntary basis.
The contribution will be deducted from their monthly honoraria by their respective barangays.
The employers' counterpart contribution will be sourced from the local funds of the respective barangays, appropriated by the sangguniang barangay.
The employers' contribution shall not exceed the personal services cap as per Section 325 (a) of the Local Government Code.
Republic Act No. 7742 and its Implementing Rules and Regulations shall apply.
They are granted rights and privileges under the law relating to savings schemes for home acquisition and housing loans.
All inconsistent rules, orders, or regulations are repealed or modified accordingly.
It took effect immediately upon its signing on April 23, 2004.
Section 1 of Executive Order No. 308 states that honoraria of barangay officials shall be considered as salary.
It recognizes the leave privileges of barangay officials and treats their honoraria as fixed salary.
President Gloria Macapagal-Arroyo signed the EO.