The Modified Pag-IBIG 2 (MP2) program offers a monthly savings plan with a 6.6% dividend rate for Pag-IBIG members. Members must make a minimum monthly savings of P500 that can be paid via check. Funds are locked in for a 5-year term, during which time flexible dividend rates are paid out annually or compounded. The document outlines reasons for pre-terminating the plan like disability or retirement, as well as consequences like penalties or reclassification of funds if not withdrawn after the 5-year term.
The Modified Pag-IBIG 2 (MP2) program offers a monthly savings plan with a 6.6% dividend rate for Pag-IBIG members. Members must make a minimum monthly savings of P500 that can be paid via check. Funds are locked in for a 5-year term, during which time flexible dividend rates are paid out annually or compounded. The document outlines reasons for pre-terminating the plan like disability or retirement, as well as consequences like penalties or reclassification of funds if not withdrawn after the 5-year term.
The Modified Pag-IBIG 2 (MP2) program offers a monthly savings plan with a 6.6% dividend rate for Pag-IBIG members. Members must make a minimum monthly savings of P500 that can be paid via check. Funds are locked in for a 5-year term, during which time flexible dividend rates are paid out annually or compounded. The document outlines reasons for pre-terminating the plan like disability or retirement, as well as consequences like penalties or reclassification of funds if not withdrawn after the 5-year term.
The Modified Pag-IBIG 2 (MP2) program offers a monthly savings plan with a 6.6% dividend rate for Pag-IBIG members. Members must make a minimum monthly savings of P500 that can be paid via check. Funds are locked in for a 5-year term, during which time flexible dividend rates are paid out annually or compounded. The document outlines reasons for pre-terminating the plan like disability or retirement, as well as consequences like penalties or reclassification of funds if not withdrawn after the 5-year term.
Former Pag-IBIG I Members • source of income • Pensioner • 24 months MONTHLY MEMBERSHIP SAVINGS:
Minimum savings of Ph500.00
(Ph500,000.00) or more, should be via Personal Check or Manager’s Check) DIVIDENDS:
Flexible dividend rates
Higher than Pag-IBIG I. Annual dividend payout or compounded dividend earnings. TERM:
5 YEARS RECKONED FROM DATE OF
INITIAL PAYMENT. VALID REASONS FOR PRE-TERMINATION:
Total Disability or Insanity;
Separation from service due to health reason; Death of the member or his/her immediate family; Retirement; Permanent departure from the country; Distressed member (due to unemployment- layoff or closure) Critical illness of the member & immediate family members Repatriation of OFW members Other meritorious ground as may be approved by the Board. PRE-TERMINATION FOR REASON OTHER THAN THOSE ALLOWED:
Member is entitled to 50% of the total
dividends earned as penalty of the pre-termination NON WITHDRAWL AFTER THE TERM (5 YEARS)
MP2 savings shall cease to earn
dividends under MP2 program. Subsequent dividends shall be based on rates declared for Pag-IBIG I for the next two years (7th year). On the 8th year, reclassified as Accounts Payable. 2018 Dividend Rate 7.41%