By Apipa P. Bagumbaran
CAGAYAN DE ORO CITY, Feb. 4 (PIA) — The Home Development Mutual Fund, otherwise known as the Pag-IBIG Fund, is condoning penalties of delinquent and unregistered employers from January 2 to June 30, 2012 under its penalty condonation program.
The program covers unregistered and delinquent employers, as well as employers who have Pag-IBIG coverable employees but have not collected membership contributions from them, said Juliano S. Banghal, Pag-IBIG Fund Cagayan de Oro branch manager.
He said employers who collected membership contributions and/or short-term loan amortizations from their employees but failed to remit the same to the Fund are disqualified from this condonation.
Similarly, employers who have previously availed of any penalty condonation offered by the Fund are also excluded from the coverage.
According to Banghal, the penalty condonation program seeks to protect the interest of Pag-IBIG members and provide employers practicable means to settle their membership contribution arrears.
It also seeks to compel unregistered and delinquent employers to register their employees to the Fund and provide them access to the benefits they deserve.
Those who want to apply for the program are required to submit an application for penalty condonation; list of employees with unremitted contributions; affidavit of undertakings; photocopies of payroll; and certified true copy of applicable proof of business existence such as business permit/mayor’s permit, Department of Trade and Industry (DTI) Certificate of Registration for sole proprietorship, Securities and Exchange Commission (SEC) Certificate of Partnership or Incorporation for partnership/corporation/trade association, Cooperative Development Authority (CDA) Certificate of Cooperative for cooperatives, and SSS certificate of membership.
Employers with approved penalty condonation applications shall have penalties on their membership contribution arrears condoned. Said membership contribution arrears shall include employer counterpart contributions and dividends that should have been earned by these contributions.
For details, visit the Pag-IBIG Fund Cagayan de Oro Branch located in J.R. Borja-Mortola Streets or call them at telephone numbers 726-348, 722-800, 856-1861 to 62 local 211, 218, and 219. (APB/PIA-10)