Penalty condonation program runs until June, says Pag-IBIG

SAN FERNANDO CITY, La Union, April 21 (PIA) — Rachelle Gallano, member Services Officer of Pag-IBIG 1, announced last Wednesday in the “Danggayan” radio program over DWLU here that the agency’s Penalty Condonation Program is ongoing and will run until June 30 only this year.

The program is offered to unregistered or delinquent employers who have not yet enrolled their company and employees for Fund membership or have failed to collect Pag-IBIG contributions like most of the private sector in the region, Gallano said.

The program aims to protect interest of Pag-IBIG members and provide employers practicable means to settle their membership contribution arrears. Further, it seeks to compel unregistered or delinquent employers to register their employees to the Fund and give them access to the Pag-IBIG benefits workers rightfully deserve.

However, employers here who have deducted but did not remit membership contributions and or short term loan amortizations from their employees are disqualified from this penalty program.

Aside from that, employers who have previously availed of any penalty condonation offered by the Pag-IBIG fund are disqualified from this current program.

Among the requirements in applying for the program include application form for Penalty Condonation, schedule of employees with unremitted contributions, affidavit of undertaking, certified true compy of applicable proof of business existence such as business permit or mayor’s permit, Department of Trade and Industry certificate of registration, SSS certificate of membership and others.

Moreover, employers with approved Penalty Condonation will have the penalties on their membership contribution arrears condoned.

The membership contribution arrears of employers with approved penalty condonation applications shall include the employer counterpart contributions and dividends that should have been earned from these contributions.

The employee counterpart contributions of said membership arrears shall no longer be collected, Gallano said.

Jonathan Aquino, Pag-IBIG 1 Account Management Analyst, said once the employer’s application for condonation is approved, he will be given an option to pay his membership contribution arrears either thru full remittance or payment plan.

Those who cannot pay in full are allowed to submit a plan of payment, Aquino added. Such that, the propose payment plan will be approved by the Pag-IBIG.

Aquino also stressed that for employers with approved payment of plans and has about 100 employees may extend to maximum of 24 months while if the employers with less than 100 employees may extend up to 60 months.

Pag-IBIG said, payment plans will be charged an interest of half-a-percent per month on the remaining membership contributions arrears unpaid.

Thus, for employees whose applications are disapproved will be required to pay all membership contributions arrears including applicable penalties, interests and deprived dividends. Otherwise corresponding legal action will be carried out against them, Pag-IBIG 1 said. (ANL/MHH-PIA 1 with reports from Pag-IBIG)

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