INQUIRER.net: Pag-IBIG fund announces dividend earnings

INQUIRER.net Philippine News for Filipinos

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Pag-IBIG fund announces dividend earnings Oct 31st 2013, 00:52 SAN FRANCISCO—Dividend earnings in 2012 of the Pag-IBIG Home Development Mutual Fund reached 4.17 percent, crediting a total amount of P9.28 billion tax-free to the accounts of Pag-IBIG members, the fund announced.   Meanwhile, members under the Modified Pag-IBIG 2, a voluntary savings program for members who wish to save more than the minimum savings, earned a dividend of 4.67 percent.   Mandatory fund coverage was expanded in January 2010 to include overseas Filipino workers (OFW) through Republic Act 9679, or Home Development Mutual Fund Law of 2009 (HDMF Law of 2009). Currently, 24 percent, or 3.144 million, of the 12.864 million Pag-IBIG members are OFWs. ... Keep on reading: Pag-IBIG fund announces dividend earnings Media files: pag-ibig.jpg (image/jpeg)

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