Q&A on the Modified ieee} LG] Il (MP2) eaaelefeclin www pagibigtund.gov.ph Ponrbter- sini a What is the Modified Pag-IBIG Il (MP2) program? ‘The MP2 program is a voluntary program and solely a savings scheme designed to provide active Pag-IBIG | members with another savings option. This program has a yield higher than those given under the Pag-IBIG I membership program because of the higher dividend rate. Who are eligible? This program is open to Pag-IBIG | members whose gross monthly income exceeds five thousand pesos (PhP 5,000). What is the minimum contribution per month for the MP2? Minimum contribution is Php 500.00 per month but the member may remit higher than the said amount. Payments shall be recorded as of payment date. How long can a member invest in the MP2? ‘The MP2 program has a term of five (6) years. ‘The member can opt to withdraw or continue his MP2 membership after maturity, What Is the dividend rate under the MP2? A member shall be entitled to flexible dividend rates which shall be determined within the first quarter of every year and approved by the Board of Trustees; provided that the said rate shall be higher than that of Pag-IBIG | ‘Sample computation (for illustration purposes only): (ear (ee in Philippine Peso (PhP) Syears | in Philippine Peso (PhP) _5 years eT ERLE eS eS) ns) TPIT Et) ara REE eg Leas PERS End Ee) ‘Sample computation 5.5% annual dividend ‘Sample computation is based on the 743% annual dividend rate Are the contributions and guaranteed? mings under the MP2 government Yes, it is government guaranteed. Where can one roll for the MP2 program? ‘A. MP2 Registration Online Mm At_ the Pag-IBIG website, click “e-Services”, and select "MP2 Enrollment System (MP2EF)" = Accomplish and submit the online MP2 enrollment form ' Print the system generated MP2EF reflecting the MP2 Account No. 'm Proceed to the branch, present the MP2EF, and start remitting, B. Employee assisted at the Pag-IBIG Branch (bring valid ID) te: olen fom ntti am wen ESD re erent ‘as of March 2017