Home Development Mutual Fund (HDMF), popularly known as Pag-IBIG (Pagtutulungan sa kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund assured to its member the refund of member’s total accumulated savings (TAV), which consists of the member’s monthly savings, employer counterpart share (if any) and total annual dividend earnings. But wait, don’t be too much excited because there are certain criteria or grounds for withdrawals. In this article, I will tackle the applicable rules as well as the Requirements for Claim.

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Here are the 6 Grounds for Membership Termination or Withdrawal

1. Membership Maturity 

Member must have remitted at least 240 monthly membership contributions with the Fund. For Pag-IBIG Overseas Program (POP) members, membership with the Fund shall be at the end of five (5), ten (10), fifteen (15), or twenty (20) years depending on the option of the member upon membership registration.

Read Also: Step-by-Step Guide on How to Apply for a Pag-IBIG Housing Loan

2. Retirement

member shall be compulsorily retired upon reaching age 65. He may however, opt to retire upon the occurrence of any of the following:

  • Actual retirement from the SSS, the GSIS or a separate employer provident/retirement plan, provided the member has at least reached age 45
  • Upon reaching age 60

3. Permanent Total Disability or Insanity

The following disabilities shall be deemed total and permanent:

  • Temporary total disability lasting continuously for more than 120 days;
  • Complete loss of sight of both eyes;
  • Loss of two limbs at or over the ankle or wrist;
  • Permanent complete paralysis of two limbs;
  • Brain injury resulting in incurable imbecility or insanity; and
  • Such other cases which are adjudged to be total and permanent disability by a duly licensed physician and approved by the Board of Trustees.

4. Termination from Service by Reason of Health

5. Permanent departure from the country

6. Death

In case of death, the Fund benefits shall be divided among the member’s legal heirs in accordance with the New Civil Code as amended by the New Family Code.

Requirements for Claim

Basic Requirements apply to all reason for claim

1. Application for Provident Benefits Claim (APB, HQP-PFF-040)

Application-for-Provident-Benefits-Claim

2. Pag-IBIG Transaction Card and one (1) valid ID card with photo and signature of Claimant
Notes :

  • If the Pag-IBIG Transaction Card is not available, two (2) valid ID cards with photo and signature of Claimant.
  • Pag-IBIG Transaction Card and one (1) valid ID card with photo and signature of Claimant.

3. Service Record (For Government Employee)

4. Statement of Service (For AFP)

Additional Requirements

(The following additional documents shall be submitted depending on the reason for claim)

A. For Death

1. NSO/PSA Certified True Copy of Member’s Death Certificate

2. Notarized Proof of Surviving Legal Heirs (HQP-PFF-030)

3. NSO/PSA Certified True Copy of Birth Certificate of all children or Baptismal/Confirmation Certificate (If with child/children)

4. Notarized Affidavit of Guardianship (HQP-PFF-028) (if with child/children below 18 years old, or if child/children is/are physically/mentally incompetent)

5. To establish kinship with the deceased member, the claimant shall submit any one of the following:

  • NSO/PSA Certified True Copy of Member’s/Claimant’s Birth Certificate
  • NSO/PSA Certified True Copy of Non-Availability of Birth Record and Notarized Joint Affidavit of Two (2) Disinterested Persons (HQP-PFF-029)
  • Certified True Copy of Member’s/Claimant’s Baptismal/Confirmation Certificate
  • If Member is single, Certificate of No Marriage (CENOMAR)
  • If Member is married, NSO Certified True Copy of Member’s Marriage Contract and Advisory on Marriage.

B. For Retirement

1. Any one of the following:

2. Notarized Certificate of Early Retirement (For Private Employee only, at least 45 years old)

3. GSIS Retirement Voucher (For Government Employee)

4. Order of Retirement (For AFP)

C. For Permanent Total Disability or Insanity/Termination from the Service by Reason of Health

  • Physician’s Certificate/Statement (With clinical or medical abstract)

D. For Permanent Departure from the Country

  • Photocopy of Passport with Immigrant Visa/Residence Visa/Settlement Visa or its equivalent
  • Notarized Sworn Declaration of Intention to Depart from the Philippines Permanently (HQP-PFF-031(No need to submit if already based abroad)

For the procedure, I will illustrate with you guys the very common ground for withdrawals, the Membership Maturity, based on the experienced of my husband, he is an employee for 12 years now, his initial period covered to Pag-IBIG Fund was July 2005. February 2016, he received a copy of his Total Accumulated Value (TAV) or total savings with Pag-IBIG Fund from his employer. He completed 10 years or 120 months’ contribution without gap to Pag-IBIG Fund without existing loan.

Read: How to Check Your PAG-IBIG Monthly Contribution and Loan Payment History

Good thing every year Pag-IBIG Fund Davao released a copy of member’s Total Accumulated Value (TAV) through a company liaison for members to know their total savings with Pag-IBIG Fund. Based on my husband (TAV) shown below, he is qualified for the Maturity grounds for Membership Withdrawal.

Pag-IBIG-TAV

Well for steps, it was just quite simple, he visits Pag-IBIG Fund Office-Davao South Branch, then asks the guard where he can inquire about Pag-IBIG Fund withdrawal. The guard directly pointed window 1 to inquire, he asked by the Pag-IBIG staff for his concern, then the staff ask him a valid ID, my husband presented his company ID, after few minutes he was transferred to window 2 for verification if he had unpaid Housing Loan or Short Term Loan.

After verification he was again endorsed to window 1, that time he was given Application for Provident Benefits Claim (APB, HQP-PFF-040) to filled-up, the staff processed the request then he was given a claim stub indicating the date  for his check when to pick-up. According to him, he was just consumed 30 minutes all in all in processing his Pag-IBIG Fund withdrawal.

That’s it. If you aren’t sure of your Total Accumulated Value (TAV) you can always ask for print out, just visit nearest Pag-IBIG Fund office in your place or you can email them at [email protected] or call them 724-4244 (Pag-IBIG) – 24/7 Call Center operation.

Read Also:

IMPORTANT

  • Pag-IBIG FUND RESERVES THE RIGHT TO REQUEST ADDITIONAL DOCUMENTS, IF DEEMED NECESSARY. PROCESSING OF CLAIMS SHALL COMMENCE ONLY UPON SUBMISSION OF COMPLETE DOCUMENTS.
  • IN ALL INSTANCES WHEREIN PHOTOCOPIES ARE SUBMITTED, THE ORIGINAL DOCUMENT MUST BE PRESENTED FOR AUTHENTICATION.
  • IF MEMBER/CLAIMANT CANNOT CLAIM PERSONALLY, SUBMIT SPECIAL POWER OF ATTORNEY (HQP-PFF-033) AND TWO (2) VALID ID CARDS EACH OF THE PRINCIPAL AND ATTORNEY-IN-FACT.

Source: Pag-IBIG Fund

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