In adherence to the directive of President Ferdinand R. Marcos, Jr. to provide timely and meaningful assistance to overseas Filipino workers (OFWs) affected by the conflict in the Middle East, Department of Human Settlements and Urban Development Secretary Jose Ramon P. Aliling, who also chairs the 11-member Pag-IBIG Fund Board of Trustees, announced the approval of a special Pag-IBIG Fund benefits package for repatriated OFWs, allowing them to access their savings and receive temporary relief on housing loan payments as they recover and rebuild their lives back home.
Under the approved benefits package, qualified OFW members may apply to withdraw up to 100% of their Pag-IBIG Regular Savings, including their employee share, employer share, and dividends earned, even before its 20-year maturity; withdraw up to 100% of their Modified Pag-IBIG II or MP2 Savings, inclusive of returns earned, even before its 5-year maturity; or avail of a 3-month moratorium on Pag-IBIG Housing Loan payments, free from interest and penalties, with the loan term extended by three months.
The package forms part of Pag-IBIG Fund’s response to the directive of the President to provide timely and meaningful assistance to OFWs affected by the conflict in the Middle East.
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