PAG-IBIG FUND: UNDERSTANDING EMPLOYEES’ BENEFIT AMIDST THE

PANDEMIC
MR. KONDRAD BENJAMIN “KC” S. CHIONGSON
NOVEMBER 18, 2021

Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan: Ikaw, Bangko,

Industria at Gobyerno. It is a government-owned and controlled corporation that is responsible

for the administration of the national savings program and affordable shelter financing for

Filipinos. Pag_IBIG Fund is known for its “Tapat na Serbisyo, Mula sa Puso”. The benefits and

programs of Pag-IBIG membership includes Pag-IBIG Regular Savings, Housing Loans and

Short-Term Loans, MP2 Savings and Virtual Pag-IBIG. Its vision is for every Filipino worker to

save with Pag-IBIG Fund and to have decent shelter. Furthermore, its mission is to generate

more savings from more Filipino workers, to administer a sustainable Fund with integrity, sound

financial principles, and with social responsibility, and to provide accessible funds for housing of

every member.

I agree with the speaker that Pag-IBIG Fund assists in the realization of every Filipino's

dream by providing housing loans and financing at lower rates than traditional banks. He

encouraged us to join and be a member of Pag-IBIG Fund because it is a type of mutual fund

where our money will grow faster than other investment facilities such as savings. Other

advantage of Pag-IBIG membership is it is unlikely to go bankrupt because it is supported by the

government. Also, monthly contributions to the Pag-IBIG Fund are less expensive than those to

other forms of mutual funds.

The topic was very timely and relevant and I like the speaker’s mastery of topic and

clarity of delivery, however, he was not able to maintain audience attention. With that, I hope to

have more speakers who are good at engaging and interacting with their webinar attendees.