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Posted on March 15, 2016 by Pagibig House For Sale in News & Updates

Pag-IBIG Fund Chairman of the Board of Trustees Atty. Chito M. Cruz said recently that
the amount collected from Pag-IBIG members who opted to save more than that which is
mandated by law is increasing.

Cruz reported that Pag-IBIG in 2015 collected a total of P4.2 billion from the upgraded
savings program of Pag-IBIG members, up by 8% from the P3.9 billion collected in 2014.
In 2013, the Fund collected P3.5 billion from the same program.

"Upgraded savings" refers to the voluntary contribution by Pag-IBIG members over and
above the mandatory monthly contribution of P100.

"Pag-IBIG offered this upgraded savings option to encourage more Pag-IBIG members
to save for their future. Aside from bigger savings upon retirement, Pag-IBIG members
who opt to increase their savings also get the benefit of higher dividend earnings – which
are tax-free, and bigger loanable amounts in case they need to borrow," Pag-IBIG
President & CEO Darlene Berberabe said.

She pointed out that Pag-IBIG's yearly dividend is significantly higher than the interest
rates offered by other savings instrument, adding that in the last five years, Pag-IBIG's
dividend rate has not gone down below the 4% level.

"For 2015, we declared a total of P14.2 billion in dividends, with a rate of 4.8%, which will
be proportionately distributed and credited to the accounts of Pag-IBIG members," Atty.
Berberabe said.

She added that the upgraded savings program is beneficial to both the Fund and the PagIBIG

"Campaigning for upgraded savings has been our strategy to generate more funds.
Instead of increasing the mandatory monthly contribution, we decided that we will instead
campaign for members to voluntarily upgrade their contributions. We had hoped that if
members knew that Pag-IBIG is managing their money well, and they feel the benefits of
their membership, members will see the value of increasing their contributions, which are
actually their savings, and then they will actually save more," Beberabe said.

Pag-IBIG has the twin mandates of savings generation and provision of affordable
housing for its members.

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