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HDMF or Pag-Ibig Law
HDMF or Pag-Ibig Law
Submitted to:
Atty. Irvin Joseph M. Fabella
Submitted by:
Justine Renee Gervacio
Ralph Dominic V. Martinez
Chrisptopher Aldwin B. Miranda
2C
Martinez and Miranda HDMF (Pag-IBIG) Law of 2009
Agrarian Law and Social Legislation / 2C Republic Act No. 9679
g) Such other earning groups as may be g) Other causes as may be provided for by
determined by the Board by rules and the Board of Trustees
regulation.
RETIREMENT
CONTRIBUTIONS
A: All employers shall remit to the Fund
Q: What is the basis of the contribution their contributions and the contributions of
of the employee and/or employer? their covered employees as well as the
latter’s loan amortizations or payments to
A: The basis is the monthly compensation the Fund
of the covered employee
Q: When and how can the self-
Q: What is the rate of contribution of employed and voluntary members
covered employees and/or employers? remit their contributions?
A: Ees earning not more than 1,500 pesos A: As regards employees, it is through
per month = 1%; Ee’s earning more than payroll deductions which would be
1,500 pesos per month = 2%; All deducted by the employer who shall remit
employers = 2% the same to the Fund.
PENALTIES