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November 21, 2017

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PAG-IBIG FUND REMINDS UNREGISTERED AND DELINQUENT EMPLOYERS AGAINST IGNORING MANDATORY MEMBERSHIP OF EMPLOYEES

Posted on November 10, 2017 by Sunria Realty in News & Updates

Pag-IBIG Fund (also known as Home Development Mutual Fund) reminded unregistered and delinquent employers against violating Republic Act No. 9679 or the “Home Development Mutual Fund Law of 2009” by not registering and/or remitting their employees’contributions to the Fund.

“Under R.A. 9679, membership to Pag-IBIG is mandatory, and non-compliance is punishable by a fine of not more than twice the amount involved, imprisonment of not more than six years, or both fine and imprisonment. More than the penalties for violation, Pag-IBIG is concerned about the welfare of employees being deprived of the benefits of Pag-IBIG membership. President Rodrigo Roa Duterte has always emphasized the need to help the Filipino workers secure their future by ensuring that they enjoy government benefits,” said Housing and Urban Development Coordinating Council (HUDCC) Chairperson Eduardo D.del Rosario.

“We have devised a way to help employers meet their obligations through our Penalty Condonation Program. Unregistered and delinquent employers may register or settle their arrears with Pag-IBIG, minus the penalties,” Pag-IBIG Chief Executive Officer Acmad Rizaldy P. Moti stressed.

The penalty condonation program will give unregistered or delinquent registered employers the chance to register their employees with Pag-IBIG and pay any arrears in their employees’ membership savings, including the mandatory employer counterpart of their employees’ PagIBIG savings. Excluded are employers that deduct employee contributions but fail to remit these to Pag-IBIG.

A full penalty condonation will be given to all eligible employers, as long as they will settle the employer counterpart of the membership savings and the deprived dividends. The unpaid employer counterpart and deprived dividends may also be settled through plan of payment for a maximum period of two years and interest of 0.50% per month.

To date, 231 employers are facing charges in court for failing to comply with the mandatory provisions of R.A. 9679. Charges are either for non-registration, short registration or not registering all their employees, short remittance or not remitting the required amount, or nonremittance or not remitting to Pag-IBIG the contributions deducted from their employees.

Mr. Moti reminded the employers, “Corporations are obligated to follow what the law states, and that is to register their employees as Pag-IBIG members, and to remit to us their employer counterpart and their employees’ contributions. Otherwise, their companies will not be issued business permit by the local government units. The top officials may even be tagged when securing clearances from the National Bureau of Investigation or the police.”

Readmore . . . www.pagibigfund.gov.ph/newsevents/

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