Pag-IBIG Fund reminds employers on penalty condonation programs
Manila, May 17 -- In a move to
improve the plight of more Filipino workers, the top executives of Pag-IBIG
Fund have recently reminded employers to settle their obligations before its
penalty condonation programs expire by mid-year.
“Pag-IBIG Fund continues to heed
the call of President Rodrigo Roa Duterte to provide social benefits to more
Filipinos. Pag-IBIG savings is one of the workers’ benefits so this is why we
are going after unregistered and delinquent employers who are not giving what
is due to their employees. We are offering penalty condonation programs to
employers to improve compliance. This way the employees get to enjoy their
Pag-IBIG membership while we offer payment plans under our penalty condonation
programs to ease the burden on employers. It’s a win-win situation for all
parties involved,” said Secretary Eduardo D. del Rosario, chairperson of the
Housing and Urban Development Coordinating Council (HUDCC) and Pag-IBIG Fund
Board of Trustees.
The Fund is currently offering two
penalty condonation programs - one under Circular No. 416 for employers who did
not deduct Pag-IBIG monthly savings from employees and another under Circular
No. 411 for those who deducted monthly savings but did not remit these to
Pag-IBIG Fund.
Under the two circulars,
unregistered and delinquent employers will be given two payment options and
terms that best suit their capacity.
Employers covered by Circular No.
411 only have until June 26, 2019 to settle while employers covered by Circular
No. 416 only have until August 13, 2019 to do so.
So far, more than 6,100
unregistered and delinquent employers availed of the penalty condonation
programs. They have collectively remitted P260 million in monthly savings for
over 194,000 employees who were previously deprived of the benefit. With the
employers’ compliance, these employees now have an updated membership and can
fully enjoy the benefits and services of Pag-IBIG Fund.
“Pag-IBIG Fund is offering the
penalty condonation program to help employers comply with the law. Since 2017,
we already helped delinquent employers save a total of P200 million in
penalties. As we work to allow more workers to become members of the Fund, we
want to make sure that their monthly savings are remitted properly and on time
by their employers because it is their right. We would like to remind them that
under RA 9679, saving for the future is a joint effort of employees and
employers,” said Pag-IBIG Fund chief executive officer Acmad Rizaldy P. Moti.
(Pag-IBIG Fund/PIA-Caraga)
