List of Requirements for Pag-IBIG Retirement to Get Savings
REQUIREMENTS FOR PAG-IBIG RETIREMENT – Here are the documents that a member must submit to claim his/her savings from the Fund.
Are you one of the members of the Pag-IBIG Fund? This government institution is one of the biggest state agencies in the country with millions of members across the nation as well as members who are working abroad.
The Pag-IBIG Fund is most popular for its Housing Loan offer. The state institution has helped countless Filipinos obtain residential properties in pocket-friendly schemes with a loan term that can be extended to up to 30 years.
To qualify for the offers of the government institution, a member must have an active and updated account with the Fund. To do this, a member must regularly post monthly savings based on the Pag-IBIG Contribution Table 2023.
Most cases have the Pag-IBIG Fund membership as mandatory by employer or the company that an individual is working for. Here are some of the cases of mandatory membership to the government institution:
- employees in the private sector who are 60 years old and below and on permanent, temporary, or provisional status
- government employees with GSIS coverage
- self-employed individuals earning at least P1,000 per month up to 60 years of age
- land-based overseas Filipino workers (OFWs)
- sea-based OFWs
- household helpers, gardeners, cooks, drivers, etc. with a salary of at least P1,000 per month
- Filipinos employed by foreign-based employers
- uniformed personnel like members of the Armed Forces of the Philippines (AFP), Philippine National Police (PNP), and Bureau of Fire Protection (BFP)
The Pag-IBIG Fund has also opened its membership for voluntary memberships. This case includes the following:
- non-working spouse of registered members of the Pag-IBIG Fund
- religious group and leaders
- public officials and employees without GSIS coverage
- pensioners, investors, and individuals with passive income
- Filipino employees of foreign government or international organization
Pag-IBIG Fund members who have updated accounts may be eligible to apply for the Pag-IBIG loans that serve several purposes. A member may apply for any of the following financial solutions offered by the state institution:
When a member hits retirement, there is an option to withdraw his/her total savings in the fund. It is open for both compulsory and option retirement cases. Here are the requirements for Pag-IBIG Retirement to claim savings on the case of compulsory retirement:
- Application for Provident Benefits (APB) Claim (1 Original)
- Pag-IBIG Loyalty Card/Loyalty Card Plus or one (1) valid ID of the member (1 Photocopy)
- Order of Retirement (For members of AFP, PNP, BJMP, BFP) (1 Photocopy)
- Statement of Service (For members of AFP) (1 Photocopy)
- Service Record (For members of PNP, BJMP, BFP) (1 Photocopy)
- SSS Employment History (as applicable) (1 Photocopy)
In the case of optional retirement, there is a different set of requirements for Pag-IBIG retirement to claim savings. Here are the documents that must be prepared and submitted to the Pag-IBIG Fund:
- Application for Provident Benefits (APB) Claim (1 Original)
- Pag-IBIG Loyalty Card/Loyalty Card Plus or one (1) valid ID of the member (1 Photocopy)
- Certificate of Early Retirement (For private employees who are at least 45 years old) (1 Photocopy)
- GSIS Retirement Voucher (For government employees) (1 Photocopy)
- SSS Employment History (as applicable) (1 Photocopy)