Author Topic: Question about Pag-ibig, Pag-ibig 1, Pag-ibig 2, MP2 and POP?  (Read 1415 times)

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MotherTouch

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Question about Pag-ibig, Pag-ibig 1, Pag-ibig 2, MP2 and POP?
« on: September 13, 2012, 10:16:05 AM »
I was reading some posts related to pagibig... while reading i encountered some terminologies like pag ibig 1 and 2, MP2 and POP... ano ba difference nun?

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Question about Pag-ibig, Pag-ibig 1, Pag-ibig 2, MP2 and POP?
« on: September 13, 2012, 10:16:05 AM »

Mountain View

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Re: Question about Pag-ibig, Pag-ibig 1, Pag-ibig 2, MP2 and POP?
« Reply #1 on: September 13, 2012, 10:16:23 AM »
Ang Pag-ibig 1 at Mandatory Pag-ibig ay pareho. Ito ang regular na Pag-ibig program -- ang unang savings program na itinatag ng Pag-ibig o HDMF. Mandatory ang Pag-ibig 1 sa lahat ng employers and employees in the Philippines at OFWs.

Ang mandatory na contribution ay 100 pesos (Less than 100 pesos if monthly salary is lower than 5,000 pesos) 100 pesos from the employee and 100 pesos from the employer. Total is 200 pesos.
Employees can increase their monthly contributions to Pag-ibig 1, but they cannot force their employers to match their increase.

If you are a Pag-ibig 1 member, you can apply for a housing loan or a multi-purpose loan if you have accumulated at least 24 monthly contributions. Sa housing loan, kung meron ka nang 12 months, you can pay a lump-sum amount to make up for the kulang.

You can claim your Pag-ibig 1 savings when you have accumulated 240 monthly contributions. The other reasons are: when you turn 60 years old, when you retire under your company's retirement fund, if you get permanently disabled, or if you migrate to another country. In case of death, beneficiaries will claim the benefits, if not yet claimed by the member.


Ang Pag-ibig 2 at MP2 ay pareho. MP2 means Modified Pag-ibig 2. Ito ay optional, at ito ay para sa Pag-ibig 1 members. Kung gusto mong mag-save under MP2, mag-member ka muna sa Pag-ibig 1.

Ang Pag-ibig 2 ay may term na 5 years. Puede mo nang kunin ang Pag-ibig 2 savings mo plus dividends after 5 years. Puede mo ring i-renew for another 5 years.

Ang minimum monthly savings amount ay 500 pesos. Puedeng up to 5,000 pesos. Puedeng mag-open ng more than 1 Pag-ibig 2 accounts. Ang interest rate ay higher than the interest rate for Pag-ibig 1.

Hindi Pag-ibig 2 ang basis sa housing loan or multi-purpose loan amount. Ang basis ay yong Pag-ibig 1.

POP means Pag-ibig Overseas Program. Ito ay inilunsad noong 1991 as Pag-ibig Filipino Overseas Workers Program. Puede ito sa lahat ng Filipinos na working or living abroad. Ang monthly contribution ay $20, $40 or $50. Puedeng in dollars or in pesos. Puede itong gamitin sa pag-apply ng housing loan. Ang term ay 5 years or 10 years.

Itong POP ay on-going pa for current members, pero hindi na yata nag-e-enroll ng new members, kasi meron nang Pag-ibig 2, at mandatory na ang Pag-ibig 1 for OFWs. Wala nang POP enrollment form sa mga Forms for Download sa Pag-ibig website. Probably, winding stage na, until the last 5-year or 10-year term POP member is served.

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Re: Question about Pag-ibig, Pag-ibig 1, Pag-ibig 2, MP2 and POP?
« Reply #1 on: September 13, 2012, 10:16:23 AM »

 

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