CIRCULAR NO. :2024 – 005
TO   :PMAP MEMBERS
DATE   :15 January 2024
SUBJECT   :PAG-IBIG ADVISORY ON MEMBER’S CONTRIBUTION INCREASE TO TAKE EFFECT THIS YEAR

Dear PMAPer,

The country’s state-run thrift bank, Pag-IBIG or HDMF, has officially announced a substantial increase in the contributions made by its members. Employee contributions are set to rise from P100 to P200, with an additional P200 contribution matched by their respective employers. Additionally, Pag-IBIG has communicated to its members that the mandated monthly fund salary (MFS) will experience an increment from P5,000.00 to P10,000.00, as directed by the Pag-IBIG Board. Originally scheduled for implementation in 2021, this contribution increase was postponed to the current year due to the economic repercussions of the pandemic.

For your convenience, the Pag-IBIG contribution table can be accessed and downloaded below:

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