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Despite the pandemic, IBIG Fund collected a record-breaking PHP25.95 billion in savings through its modified savings program (MP2) in 2021.

Secretary Eduardo del Rosario of the Department of Human Settlements and Urban Development (DHSUD), who also chairs the Pag-IBIG Fund Board of Trustees, stated that uncertainties such as the pandemic would not prevent Filipinos from protecting their hard-earned money.

The MP2 savings collection of the Pag-IBIG Fund in 2021 increased by up to 95% from its previous collection of PHP13.23 billion in 2020.

“Despite the pandemic’s uncertainty, the MP2 has proven to be one of our most popular applications,” says the author “In a press release issued on Friday, del Rosario stated.

MP2 has historically delivered higher returns on savings, according to the housing czar, and as a result, more and more members are opting to grow their hard-earned money with Pag-IBIG Fund.

Del Rosario stated that the Fund will announce its dividend rates for 2021 once all of the year’s reports have been completed.

“Our commitment to the national government’s economic recovery efforts is to help generate more financially secure Filipino workers,” he added.

The savings program allows participants to make special voluntary deposits with a five-year maturity and a 0.5 percent reward.

Members can save more than the minimal PHP500 and receive even bigger returns on top of their normal savings.

It is open to former Pag-IBIG Fund members who “had at least two years worth of savings prior to retirement,” as long as they “had at least two years worth of savings prior to retirement.”

Meanwhile, Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy Moti pointed to a considerable increase in the number of cumulative MP2 savers, which climbed by 42 percent from 508,522 in 2020 to 721,980 in 2021.

“We appreciate our members’ unwavering support for the MP2, even in these trying times.” It has always been one of our most amazing programs because you chose to save in MP2. We had just finished our finest year in 2019, prior to the epidemic “Moti remarked.

Moti reassured the members that their money was safe and would grow.

“While many lessons were acquired during the last two years of the epidemic, we also learned that your faith in Pag-IBIG never wavered, as the MP2 not only stayed stable but even increased to record-high levels in 2020 and 2021,” Moti added.

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