Pag-IBIG Fund extends deadline for remittance of workers contributions, loan payments to June 30

Home Development Mutual Fund or Pag-IBIG Fund on Wednesday said it has extended the deadline for employers to remit their employees’ contributions and loan payments to the agency until the end of the month.

“We have extended the deadline and are giving employers up to June 30 to remit their employees’ Pag-IBIG monthly savings and short-term loan payments, so they have more time to process their payrolls during this period,” Human Settlements and Urban Development Secretary Eduardo del Rosario said.

Del Rosario also chairs Pag-IBIG Fund’s 11-member board.

“This is yet another way that we are helping businesses and their employees, as we continue with our nation’s journey to recovery under the lead of President Duterte,” he said.

The extension covers remittances due for the months of March, April and May 2020 and shall assist nearly 312,000 employers nationwide, both from the private and government sectors, according to Pag-IBIG Fund.

For his part, Pag-IBIG Fund chief executive officer Acmad Rizaldy Moti said that this is the second time that the agency extended its payment deadline for employers.

“We recognize the key role that our employers play in ensuring that our Filipino workers maintain their active membership with Pag-IBIG Fund,” Moti said.

“That’s why we are giving them another 15 days to remit the Pag-IBIG monthly savings and short-term loan payments of their employees, without incurring penalties and interest.  We hope that this move would help ease their concerns, as their businesses resume and as the nation transitions to the ‘new normal’,” he said. —LDF, GMA News