Question & AnswerQ&A (HDMF Circular No. 355)
Republic Act No. 8792, also known as the E-Commerce Act of 2000, mandates government-owned and -controlled corporations to provide payment or settlement methods using electronic data messages or electronic documents.
It requires all employers to remit their premium contributions and employees' loan repayments through an electronic payment and collection facility accredited by Pag-IBIG Fund.
Employers with at least ten (10) employees are required to use the electronic payment and collection facility not later than July 31, 2016.
No, employers with less than ten (10) employees may continue to transact directly at any Pag-IBIG Fund office.
The program or template file structure assists employers in preparing the monthly collection and remittance list for Pag-IBIG Fund contributions and loan repayments.
Employers may obtain it from any of the accredited banks where they will enroll and open a Current or Savings Account for their remittances to Pag-IBIG Fund.
DBM Circular Letter No. 2013-16, dated December 23, 2013, required the adoption and implementation of the Expanded Modified Direct Payment Scheme.
Pag-IBIG Fund Board Resolution No. 3114, dated May 26, 2015, adopted and implemented the electronic collection platform.
Employers are enjoined to coordinate with the nearest Pag-IBIG Fund office for orientation and registration to accredited participating banks.
Other issuances inconsistent with this Circular are repealed and/or modified.
The Circular takes effect upon complete publication in a newspaper of general circulation.