Pag-IBIG fund encourages employers to avail condonation

Iloilo City (3 December) — The Home Development Mutual Fund (HDMF) or Pag-IBIG Fund Iloilo City Branch is encouraging non-registering, short-registering and under-registering employers under its jurisdiction to avail their penalty condonation which will end on December 29, 2009.

“All employers that fall within the category mentioned are encouraged to make use of this last chance to comply with the provisions of the Pag-IBIG Law and pay their arrearages in full or submit their plan of payment on or before December 29, 2009 in order to avail of the condonation of its penalties”, said Pag-IBIG Fund in its press report.

Pag-IBIG Fund in its operations has provided for a period upon which penalties incurred by these employers could be condoned. This period will lapse on December 31, 2009 pursuant to the provisions of HDMF Circular No. 263.

To exemplify the exigency of this opportunity, according to Pag-IBIG, an actual case in point is an employer in this jurisdiction that can be cited to have paid P3.7 Million in arrearages and in so doing availed of a P14 Million penalty condonation that was attached to the liability.

Pag-IBIG further said that in addition to the penalties, a filing of complaint against these employers in the City Prosecutor’s Office for the said violations would incur a five percent (of their total arrears plus penalties) filing fee chargeable to the respondent employer. (PIA)