October 18, 2017: *** The newly-restored Holy Trinity Parish Church of Loay is formally turned-over on Sunday October 15, 2017 from the National Historical Commission of the Philippines (NHCP) to the Diocese of Tagbilaran through Bishop Alberto Uy. ***For the very first time, Bohol landed among the 14 finalists in the search for thr Most Business-Friendly Province in the country. ***PDEA-Bohol Head Agent Nicholas Gomez admitted that the drug problem in Bohol persists despite the reduction of supply of shabu coming from Cebu. *** The administration of the Bohol District Jail is now planning to acquire an x-ray machine as part of its crackdown on the entry of contraband into the jail facility, said BDJ Warden Jail Chief Insp. Felipe Montejo. *** DILG-Bohol conducted People's Forum on Federalism on October 17, 2017 at JJ's Seafood Village with city/municipal information officers and CSO/Faith-Based Representatives as participants. ***Schools across the province are expected to conduct make-up classes in lieu of class suspensios due to the two-a nationwide raspot astrike, according toDepEdBohol SchoolVGovernace and Operations Division Chief Desiderio Delgero. ***The province is bent on making history by getting a UNESCO recognition as a global geological park, the first for Philippines. ***The symbolic unveiling of the Geomarker at the Chocolate Hills Complex on Sunday will boost Bohol's application for UNESCO declaration of the entire province as a global geological park.

Search This Blog

Monday, September 22, 2014


TAGBILARAN CITY, Bohol, Sept 18 (PIA)—Around 88 employers here in Tagbilaran City alone could be facing lawsuits for apparent failure to enroll their workers as members in the Pag-IBIG fund.

And if proven guilty, they could be forced to pay for the arrears in employee contribution shares in the minimum of P100 per month per employee since 2010, a penalty and possible imprisonment upon determination of culpability by a court. 

As to the list, Pag-IBIG said the agency’s legal department has it, for preparation and building up of cases. 

Membership in the Pag-IBIG Fund has become mandatory to all employees workers, professionals and companies who are compulsorily covered by the Social Security System and the Government Service Insurance System, including men in the uniformed service: Armed Forces of the Philippines, Bureau of Fire Protection, Bureau of Jail Management and Penology and the Philippine National Police; overseas Filipino workers and even citizens hired by foreign employers, according to Leonardo Cirujales. 
Cirujales, Pag-IBIG information officer, also said the signing of the law, Republic Act 9679, opens up provisions for Pag-IBIG voluntary memberships to non-working spouses of Pag-IBIG members, leaders and members of religious groups, public officials and employees not covered by the GSIS, naturalized Filipinos or those who intend to be members. 

The law also makes it mandatory for workers earning P1500 and below to pay at least 1% of their monthly compensation as their employee share while the employer pays 2% of the compensation as its share, Cirujales said over at Kapihan sa PIA.

For employees earning over P1500, the mandatory contribution share is 2% while the employers also put in the same amount, he added. 

For the monthly savings which the employees and employer puts up, it also earns dividends, which accumulates earning the member an accumulated value, now termed Provident Savings Fund, can be withdrawn after 20 years of membership. 

This savings fund can be a basis for one to avail of short term loans in the form of multi-purpose loan to help finance members’ immediate medical, educational, livelihood, home repairs, appliances, furniture or any need, or calamity loan for members in disaster stricken areas as declared by any competent government body. 

This, when not put up by the employer, denies the worker the chances to earn a provident fund for his emergency use of for his future, the Pag-IBIG Fund officer bemoaned. 

More than that, a provident savings fund can also be used to avail of a housing program, a housing financing program that allows a member to choose from a menu of avail-ment for house and lot provisions, he noted. (PIABohol/RAC)

No comments:

Contact Us

Philippine Information Agency
Bohol Information Center
LMP Building, K of C Drive, Poblacion II, Tagbilaran City
Telephone Numbers (038) 412-2292, 501-8554

Visitors