Good news to members of Home Development Mutual Fund, known commonly as PAG-IBIG Fund, as dividend rate for regular savings and return rate for Modified PAG-IBIG (MP) 2 Fund have increased.
From 6.05 percent for dividend on regular savings in 2023, it rose to 6.60 percent beginning in 2024, and from 7.05 percent to 7.10 percent return rate for MP 2 Fund.
Kristine Dawn Margallo, PAG-IBIG Fund member, has welcomed gladly the hike in dividend rates. She said that funds are a form of investment leading to financial stability.
Margallo said that PAG-IBIG savings are a big help in case of emergency, and for retirement purposes.
Julio Carmel Alfafero, Jr., branch head of Cebu Ayala Branch, said that the funds have grown considerably.
In 2020 and 2021 during the pandemic, the rates went down because of several companies that folded up. However, in 2022, funds have increased considerably.
Members have contributed largely in the increase of rates by availing of various programs such as housing loan, multipurpose loan, and calamity loan.
Rapid growth in membership is also a vital contributing factor in the increase.
In January 2025, membership has already reached 1.3 million in Central Visayas and several areas in Eastern Visayas.
Alfarero said that members should make sure that their employers remit their contribution regularly to enjoy the benefits that come with the programs.
Alfarero pointed out that a criminal case will be lodged against employers who refuse to remit their employees’ PAG-IBIG Fund contributions.
