This year, the new guidelines for Modified Pag-IBIG II (MP2) savings program has been approved. The enhanced MP2 will make all Pag-IBIG members eligible to enroll under the program regardless of their monthly income unlike the previous program which was open only to members with monthly income exceeding P5,000. The new program also extends coverage to retirees. This is also open to former Pag-IBIG members with other sources of monthly income or pensioners, regardless of age, with at least 24 monthly savings in Pag-IBIG Fund prior to their retirement.
For the benefit of those who are unaware of the program let me give you a brief introduction of the program. The Modified Pag-IBIG II (MP2) savings program is a voluntary savings program designed to active Pag-IBIG I members with another savings option that yields higher annual dividend rates. In short, this is another source of investment in which you can put up your money and has a term of five (5) years. The minimum contribution is P500.00 per month but the member may opt to remit higher than that.
Aside from that, all contributions and earnings under MP2 are guaranteed by the government. For enrollment in the program you may visit the Pag-IBIG Fund website at http://www.pagibigfund.gov.ph/ and register online or visit any Pag-IBIG Branch near you.
For the benefit of those who are unaware of the program let me give you a brief introduction of the program. The Modified Pag-IBIG II (MP2) savings program is a voluntary savings program designed to active Pag-IBIG I members with another savings option that yields higher annual dividend rates. In short, this is another source of investment in which you can put up your money and has a term of five (5) years. The minimum contribution is P500.00 per month but the member may opt to remit higher than that.
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