Question & AnswerQ&A (EXECUTIVE ORDER NO. 308)
The main purpose of Executive Order No. 308 is to allow certain barangay officials such as Barangay Chairman, Barangay Council Members, including the SK Chairman, barangay secretaries and treasurers to become members of the Pag-IBIG Fund on a voluntary basis, with their honoraria considered as salary for this purpose.
The barangay officials covered include Barangay Chairman, Barangay Council Members, Chairman of the Sanggunian Kabataan (SK), barangay secretaries, and barangay treasurers.
The honoraria of barangay officials listed are treated as salary for the purpose of membership in the Pag-IBIG Fund, pursuant to Republic Act No. 7742.
No, the membership for barangay officials is on a voluntary basis as authorized by this Executive Order.
The employer’s counterpart contribution shall be sourced from the local funds of the respective barangays, properly appropriated by the sangguniang barangays concerned.
Yes, the employer’s counterpart contribution shall not exceed the personal services cap in accordance with Section 325 (a) of the Local Government Code.
Republic Act No. 7742 provides the legal basis for the coverage and contributions to the Pag-IBIG Fund.
All orders, rules or regulations or any part thereof inconsistent with any provision of Executive Order No. 308 are repealed or modified accordingly.
The Executive Order took effect immediately upon its signing on April 23, 2004.
Barangay officials who become members gain the rights, benefits, and privileges provided under Republic Act No. 7742 and its Implementing Rules and Regulations, including coverage of their honoraria as salary for purposes of contributions and access to housing loan benefits.