Pag-ibig Contribution
What is Pag-ibig contribution?
Pag-ibig contribution is a mandatory savings scheme in the Philippines aimed at providing financial security and benefits to its members. It serves as a form of insurance for housing, short-term loans, and other financial assistance.
What are the types of Pag-ibig contribution?
There are two types of Pag-ibig contribution: employee contributions and employer contributions. Employee contributions are deducted from the employee's salary, while employer contributions are paid by the employer on behalf of the employee.
How to complete Pag-ibig contribution
Completing Pag-ibig contribution is easy and straightforward. Here are the steps to ensure you are contributing:
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