The Pag-IBIG Fund yesterday called on employers with unremitted contributions for their employees to avail of the agency’s penalty condonation program and settle their obligations — both prior and during the pandemic — free from any monthly penalty charge on delayed remittances.
Pag-IBIG Fund said in a statement the condonation program covers not only all unremitted Pag-IBIG contributions by employers during the pandemic, but also all unremitted contributions even prior to the pandemic.
Aside from having the penalty charges on their delayed remittances 100 percent condoned, employers unable to settle their obligations in full may also opt for a payment plan that has a low monthly interest charge of 0.5 percent.
The Fund said if the unremitted contributions being settled are those during the pandemic, or those from March 2020 onwards, the interest charge on payment plans shall be waived.
