Guide on Pag-IBIG Contribution Table 2023 for OFW Members of the Fund
PAG-IBIG CONTRIBUTION TABLE 2023 – Here is a guide on the monthly savings set for the overseas Filipino worker (OFW) members of the Pag-IBIG Fund.
In the Philippines, one of the government agencies that serve thousands of clients daily is the Pag-IBIG Fund. The said government agency is most popular for its Housing Loan offer and a lot of its member have acquired residential properties with its assistance.
The said loan offer is open for members who have posted at least 24 monthly contributions. Some of these members are overseas Filipino workers (OFWs). To keep an updated and active account, members submit a monthly contribution or premiums to the government agency.
At the start of the year, many have checked on the contribution rates as there may be changes. The government agency has several OFW members who also checked the Pag-IBIG contribution table 2023 for OFWs who are members of the Fund.
Here is the Pag-IBIG Contribution Table 2023 for OFW members the government agency whose employers are subject to mandatory coverage of the Fund:
Monthly Salary | Foreign Employer’s Contribution Rate | OFW’s Contribution Rate | Total |
₱1,500 and below | 1% | 2% | 3% |
₱1,500 to ₱4.999 | 2% | 2% | 4% |
₱5000 and above | 3% | 3% | 6% |
If the employer of the OFW member is not under a mandatory Pag-IBIG coverage and the monthly salary is more than P1,500, the contribution rate is 2%. The Pag-IBIG members with active and updated accounts may qualify to the loans offered by the government agency. The Fund can be an entity that members can turn to in different situations as it offers the following loans:
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