Binay guarantees no contribution hike for Pag-IBIG Fund members <br?

July 30, 2013 11:35 am 

By Josine Estuye

MANILA, July 29 (PNA) –- Vice President Jejomar Binay gave assurances Monday he will not allow any raise in members' contributions for Home Development Mutual Fund or the Pag-IBIG Fund.

Binay, who serves as the Chairman of Pag-IBIG, said it has been hard for them to encourage more members, hence increasing the monthly contribution will only add up to the hindrance.

“Hindi po kami pumayag doon. Amin pong inaral, at ito naman ang nangyari, ang dami pa pong hindi members, eh mandatory or compulsory ito,” he said during in an interview.

The vice president said the 2 million added Pag-IBIG members in 2012 shall supplement the needed fund.

He also added that they might as well strengthen efforts in generating new members.

“Naging aggressive kami sa pag-increase ng membership, and that was the answer to the desire na magtaas ng contribution,” he said.

In 2010, the Pag-IBIG board in approved to increase monthly contribution from P100 to P200 to shore up its fund.

The Pag-IBIG Board passed a resolution not to implement the decision after Employers Confederation of the Philippines also opposed the increase in contribution, saying it will cause additional burden on their part with the implementation of the increased Social Security System and PhilHealth mandatory contributions.

Binay on his part, directed Pag-IBIG to raise its funds by recruiting more members.

Last June, Pag-IBIG Fund chief executive officer Atty. Darlene Marie Berberabe however brought up the possible contribution hike, to double its fund to P50 billion.

Berberabe said she will attempt to propose this plan to the Pag-IBIG Board next year. (PNA)

HBC/JFE/UTB

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