Pag-IBIG: Dividend rate at 6.6% for regular savings, 7.1% for MP2

Members of the state-run Home Development Mutual Fund (Pag-IBIG) are set to enjoy higher dividends, as the officials on Thursday announced higher rates for 2024 to surpass the historic levels seen in the previous year.

In an advisory, Pag-IBIG said the dividend rate for regular savings is set at 6.60% per annum, while the return rate for the modified Pag-IBIG 2 or the voluntary MP2 savings will be at 7.10% per annum.

This compares with the 6.55% for the regular savings and the 7.0% for MP2 set in 2023, which was the highest since the COVID-19 pandemic. The last time rates were at these levels was in 2019.

Pag-IBIG is mandated to generate savings through membership in an integrated nationwide savings system and mobilize the provident funds of its members for housing purposes.

“Pag-IBIG Fund sets aside at least 70% of its annual net income and credits it proportionately to its members’ PAG-IBIG Savings as dividends. This means that the more one has saved, the higher dividends that member shall earn,” the agency said.

This comes as Pag-IBIG reported a P67.52-billion net income in 2024, reflecting a 36% increase from the P49.79 billion in 2023.

Moving forward, Pag-IBIG chief executive officer Marilene Acosta said the agency is looking to grow its membership by at least 1.5 million and reach total assets of P1.8 trillion in 2025.

Pag-IBIG also targets to assist at least 110,000 families through the Pag-IBIG Housing Loan, and at least 10,000 members under the Pambansang Pabahay Para sa Pilipino (4PH) program.

“Sa katunayan, isa sa pinakamahalagang layunin ng Pag-IBIG Fund ngayon ay ang hangarin ng bawat Pilipino na maging miyembro ng Pag-IBIG Fund,” she said.

“Ito din ang aming inspirasyon sa patuloy na pag-iingat, pagpapalago ng pondo, upang mas maraming Pilipino ang magbenepisyo sa mga programa ng Pag-IBIG, magkaroon ng sapat na ipon, sariling tahanan, at isang malalapitan sa oras ng pangangailangan,” she added.

(In all honesty, one of the most important goals of the Pag-IBIG Fund is the dream of every Filipino to be a member of the Pag-IBIG Fund. This is also our inspiration in the continuous care and growth of the fund so that more Filipinos will benefit from Pag-IBIG programs, have enough savings, their own homes, and someone to come to in times of need.) –NB/RF, GMA Integrated News