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)
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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