Effects of RA 9679 on OFW Pag-IBIG members How does my POP membership differ from that under RA 9679? The Pag-IBIG Overseas Program is entirely different from Pag-IBIG I. POP was a voluntary savings scheme for Filipinos abroad while membership under Pag-IBIG I is mandatory for Filipinos working abroad by virtue of RA 9679. Do I have the option not to register under Pag-IBIG I since I am already a POP member? Under RA 9679, all Overseas Filipino Workers are required to register under Pag-IBIG I, regardless if they are POP members or not. Other POP members (immigrants and those naturalized in other countries) may register voluntarily under Pag-IBIG I. I am an OFW and a POP member as well, do I have the option to stop my POP membership and re-register for Pag-IBIG I membership instead? Yes, you may discontinue your POP membership, provided you do not have an existing housing loan with Pag-IBIG Fund. Can I continue with my POP membership and be a member under RA 9679 simultaneously? Yes, a POP member is required to register under Pag-IBIG I but, at the same time, he may also opt to continue his POP membership. When can I withdraw my POP TAV if I stop my POP contributions and register under RA 9679? POP TAV may be withdrawn at point of maturity of POP membership. Will my POP TAV and TAV under RA9679 be merged? No, your TAV under both programs shall be kept separate. Your POP TAV will be released to you upon maturity of term even if your Pag-IBIG I membership is not yet due for release.
Posted on: Wed, 10 Jul 2013 14:19:24 +0000
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