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Pag-IBIG Fund Benefits

for Migrant Workers


Atty. Darlene Marie B. Berberabe
President, Pag-IBIG Fund
20 March 2015
Justine Building, Sen. Gil Puyat, Makati City.

Key Housing Agencies in the


Philippines

Pag-IBIG Fund: The Filipino Workers


Fund
HOUSING
Finance

Private
Developer

SAVINGS
Generation

Fund Sources
Members Savings
Short-Term Loan Amortizations
Housing Loan Amortizations
Income from Other Investments

Pag-IBIG
Member
End User

Fund Usage
Providen
t
Benefits
Housing
Finance

Return of
Savings
Short-Term
Loans
End-User
Housing
Institutional
Loans

Membership Level
321 K

4M

Ofw
or 27%members
of the
14.8 M

3.9 M

1.96 M

8.57
M

Total Pag-IBIG Members

14.8 M
8.777 M
6.036 M
4.845 M
2.617 M

2.099 M
1.539 M
1.157 M
1981

1985

1990

1995

2000

2005

2010

2014

21 Posts Worldwide
North America
Remittance
Partners: 103

and
expanding

Europe
Remittance
Partners: 77
Asia Pacific
Remittance
Partners: 300

Overseas Posts
Asia
Pacific

Euro
pe

Middle
East

Korea
Macau
Japan
Hong
Kong
Taiwan
Brunei
Malaysi
a
Singapo

Londo
n
Rome
Greec
e
Milan

Dubai
Riyadh
Qatar
Abu
Dhabi
Bahrain
Al
Khobar
Kuwait

Middle East
Remittance
Partners: 278

Overseas Desks

Concentration of OFWs

Remittance Partners

OFW Membership Savings


2014

$38.48
M
(P1.7B)
Total OFW
Membership
Savings

6%
15%
POEA Ventaja
37%
Branches

Collection Channels

No. of
Transaction
s

OFW Center

953,432

$5.94M (P266.591)

16%

POEA (OTC)

61,779

$1.32M (P59.259M)

3%

POEA (thru OEC)

838,550

$2.22M (P99.628M)

6%

Ventaja

168,792

$5.91M (P265.602M)

15%

iRemit

79,141

$2.90M (P130.420M)

8%

Others

28,270

$1.76M (P79.232M)

5%

Credit Card

8,363

$393K (P17.650M)

1%

Branches

293,619

$14.17M (P636.843M)

37%

Part of HL Amort.

N/A

$3.88M (P174.558M)

10%

Total

2,431,946

$38.48M

100%

16%
OFW Center

Amount

(P1,729.763B)

% Share

OFW Membership Savings Average


in the last 5 years

$70.31

(P3,160)

The benefits of saving with Pag-IBIG


Fund

Regular

Pag-IBIG
Savings
Government guaranteed
Tax-exempt dividend earnings
Free from 20% withholding tax

Higher yield
5-year average dividend rate:

$2.2
2

4.14% per annum


(Dividend Rate for 2014: 4.18%)

Programs for Overseas Filipino Workers


Housing Programs

Provident Programs

Institutional Partnerships
Philippine Overseas
Employment Administration

Pag-IBIG presence at POEA


Head office and
satellite/extension offices

Registration with the Fund and


collection of initial membership
contribution

Bureau of Immigration

NGOs

BI provides Pag-IBIG
information materials at
sea and air ports

Philippine
Overseas
Labor
Offices

Pag-IBIG
Fund
services
are
promote
d by
POLOs to
OFWs

Pag-IBIG
fund
participa
tes in
POLOinitiated

Reminds OFWs to register


with Pag-IBIG and
religiously save with the
Department
of Foreign
Fund

Affairs

Pag-IBIG Fund has


representatives housed in
Embassies/Consulates
Pag-IBIG participates in
Embassy-initiated consular
mission and outreach
programs

Non-Government
Associations

Pag-IBIG
partnered
with NGOs
and
Placement
/Recruitme
nt/Mannin
g agencies
to
promote
awareness
on the
programs
and
services of
the Fund

An OFW
Fund
coordinato
rs Club

Pag-IBIG e-Services

Services for OFWs


The OFW Center

Membership Registration
Remittance of Members Savings
Verification of Members Savings
Issuance of ESAVs and Transaction
Cards
Visit ofwcenter@pagibigfund.gov.ph
Issuance of Overseas Employment
Certificate
Acceptance and Release of Shortterm Loan (STL)
Acceptance and Release of Housing
Loans
Investment Center for MP2, Housing
Bonds and their investments
Home Matching Facilities
Customer Care Desk
OFW Families Kumustahan Center
Pre-Departure Orientation Seminar

Payment Channels

Payment Partners served 1,628,935 members since 20

$2.4M
(P107 M)

additional savings

Collected
from Promo

Pag-IBIG conducted promos in 2013 and in 2014


exclusively for Overseas Filipino Workers, dubbed
OFW Member Dagdag Ipon Raffle Promo,
to encourage additional savings.

Pag-IBIG Fund Benefits


for Migrant Workers

Thank you.