Saturday, May 23, 2020

How Can Members Can Withdraw Contributions from PAG-IBIG Fund

The money that every member of PAG-IBIG Fund is paying serves as a saving for the future. That’s why the organization assured to its members that they can withdraw their accumulated contributions including the counterpart contribution of the employer and the dividend earnings.

There are several conditions to meet before a member can withdraw his or her contributions as follow:

  1. Membership maturity
Upon registration with PAG-IBIG Fund, the member is informed about the required duration of paying the contribution. A member must pay a minimum of 240 months with the Fund. For Overseas Program members, they can withdraw their contributions depending on the option they were enrolled such as five (5), ten (10), fifteen (15), or twenty (20) years.
  1. Retirement
The required retirement age of a member is 65 years old. However, there are other options for retirement including the following circumstances:
  • If the member has retired from the GSIS, SSS or from other separate retirement/provident plan. The member must reach at least 45 years old.
  • If the member has reached age 60.
  1. Total or permanent disability or insanity
Disability is qualified under two categories such as permanent and total, to which;
  • Temporary total disability that last continuously over 120 days
  • Complete loss of vision
  • Complete permanent paralysis of two limbs
  • Brain injury that may result to insanity or incurable imbecility
  • Other cases that are adjudged by a licensed physician to be permanent or total disability
  1. Separation from work due to an illness or health reason
  2. Leaving the country permanently
  3. Death
If the member dies, the benefits are divided among the legal heirs according to the New Civil code.
For those members who register with PAG-IBIG Fund from 1995 to 2009, they can apply for provident benefits claim as long as they have reached the 10 years’ maturity period. For more information, they can visit the official website of the organization at

SOURCE : Pinoyjuander