MANILA, Philippines – Trade Union Congress of the Philippines, the largest labor group in the country, rejected yesterday the proposal of the Home Development Mutual Fund (Pag-IBIG) to increase its membership contribution rate, saying the move would be an additional burden to the housing fund’s 7.4 million members.
“Offhand, the contemplated increase in contribution rates is uncalled-for. It should be studied extensively. There should be adequate public consultations on the matter,” TUCP secretary-general and former Senator Ernesto Herrera said in a statement.
He said instead of increasing its membership fee, the state-run mutual fund should aggressively expand its membership to strengthen its financial capability.
Last week, Pag-IBIG chief executive officer Jaime Fabiaña announced that the fund would raise its contribution rates to increase loan amounts
for members, and support the higher borrowing packages under its housing finance program, while still ensuring the long-term stability of the fund.
Under Republic Act 9679 or the Home Development Mutual Fund Law of 2009, the Pag-IBIG Board of Trustees can set the members’ contribution rate.
Pag-IBIG members contribute two percent of their monthly earnings, with the salary ceiling fixed at P5,000. Thus, members contribute only P100 monthly whether they are earning P5,000 or P50,000 every month. –Mayen Jamaylin (The Philippine Star)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
