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Pag-IBIG refunds available
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Posted on Jun 26 2004
Pag-IBIG overseas program members from 1996-to January 1998 can now apply for a refund of their total contributions plus the 3-percent dollar interest tax-free.
“Just fill out a refund application form and you will receive your refund in U.S. dollars. After getting your refund, you can be a member again by submitting a new pop membership form and contribute a minimum of $5.00 per month,” according to a Pag-IBIG statement.
For a minimum contribution of $5 a month, former members can also activate their Pag-IBIG membership also in the Philippines using the same Pag-IBIG ID number.
“Your contribution will be converted into Philippine pesos using the current conversion rate and it will earn a 7.5-percent peso interest. After 25 to 30 years from your initial contribution, you are entitled to a refund in Philippine peso of all your contribution including interest tax-free,” the agency said.
For more information, call the Pop Saipan Office at 235-4749 or visit the Pop Office at the ground floor of the Nauru Building in Susupe and look for information officer Lynell F. Fulgencio.
