Question & AnswerQ&A (HDMF PAG-IBIG FUND CIRCULAR NO. 205)
It is a program that allows eligible Pag-IBIG Fund members who have registered under RA 7742 and EO 90 to withdraw the total accumulated value (TAV) of their contributions after 10 years of continuous membership and 120 monthly employer and employee contributions without gaps.
The program covers members registered under RA 7742 and those who voluntarily joined under EO 90, with contributions made after the effectivity of RA 7742. Contributions prior to RA 7742 for EO 90 members cannot be withdrawn except upon membership termination.
A member must have 10 years of continuous membership and must have made 120 monthly employer and employee contributions without gaps after RA 7742's effectivity.
No, a member with contribution gaps is not allowed to pay for the missing months to qualify. They need to complete 120 continuous monthly contributions starting from the first month after reactivation if applicable.
No, members who have outstanding housing loans as principal, co-borrower, or sponsor under the specified HDMF circulars are not eligible until the loan is fully settled.
Members with outstanding short-term loans are not eligible to withdraw their savings unless they fully pay their accounts; no offsetting of loans against savings is allowed.
The amount includes the member's accumulated contributions, the employer's counterpart contributions (if applicable), and the credited dividends.
The TAV is computed up to the exact date the member reaches the 120th month of contributions; dividends are credited annually and included up to the date the withdrawal application is filed.
The member has one year from the date they reach their 120th month of continuous contributions to file their provident savings claim.
If the member does not claim within one year, they can only withdraw after completing 15 years of continuous membership and 180 monthly contributions.
Yes, optional withdrawal can be exercised only once but it does not terminate the member's membership with the Fund.
No, the member continues to be mandatorily covered, with employer deductions and remittances of required contributions ongoing.
Yes, management is authorized to amend, modify, or alter these guidelines according to the authority granted by the Board of Trustees.