Mag-impok at Magkabahay – a PAG-IBIG FUND forum in Vienna

The Pag-IBIG Fund, in coordination with the Philippine Embassy in   Vienna, invited  overseas Filipino workers, immigrants and permanent residents Austria  to hear first hand informations  on how to  save for the future   through the Pag-IBIG Overseas Program (POP).

Mag-impok at Magkabahay – a “PAG-IBIG FUND FORUM FOR FILIPINOS IN VIENNA “  took place on June 7, 2013 at the the Donau City Church in Vienna’s 22nd District, after the first Friday mass officiated by Fr. Ron Sandoval, SVD.

The event was part of Pag-IBIG’s information and membership campaign for OFWs as mandated by law in Republic Act 9679, otherwise known as the Home Development Mutual Fund Law of 2009.  The new law, which took effect in January 2010, requires all land- and sea-based OFWs to become mandatory members of the Fund.

President and Chief Executive Officer (CEO) of the Pag-IBIG Fund Darlene Marie B. Berberabe headed the Pag-IBIG Fund team  to Vienna that included Vice-President for International Operations Group Amado Isabelo Dizon III.

In her opening remarks, Consul General Charlie Manangan of the Philippine Embassy in Vienna expressed his gratitude to his fellow „kababayans“ who attended the Pag-IBIG Fund Forum.

Cultural Attache Toni Bosa likewise urged the Filipinos in Vienna to invest with the Pag-IBIG Fund as part of their savings and reintegration plan in preparation for their eventual return to the Philippines for good.

In an interview conducted my Philippine-European Bulletin, Pag-IBIG Fund President and CEO Atty. Berberabe urged OFWs to register and invest with the Fund.  She invited them to avail themselves of the many Pag-IBIG Fund programs, among others, housing loan, savings program and short-term loans.

She said Pag-IBIG offers a 4.1% interest rate to the contributions of its members, a rate higher than that offered by the savings or time deposit accounts of Philippine banks.  She said that with the P100 monthly contribution, members need not worry as their savings is government-guaranteed. Ms. Berberabe also explained that members can now avail the maximum  housing loan credit of 6,3 million pesos as long as they have to pay the maximum monthly premium.And a new member need not wait for 2 years  just to avail the  benefit ,but ,what a member should do is,  to pay the whole 2 years in advance or retroactive.

Aries Fortuna, TFC Dealer,  expressed his appreciation to the management of the Pag-IBIG Fund and the Philippine Embassy here for organizing such event that would benefit Filipinos  in Austria.

„ It is nice to hear  that the Philippine government is doing something for  the benefit of the Ovearseas Filipinos. This information campaign is indeed a big help to Filipinos here who want to avail of housing loans or affordable savings program,“ Fortuna said.

Other participants of the Pag-ibig Forum wished that such campaign should also  take place in other places  in Austria where majority of Filipinos are working.

After the presentation  of the  Pag-IBIG Fund programs, an open forum followed in order to answer queries from OFWs on previous membership, payment of contribution, the benefits and other programs of the Pag-IBIG Fund.

There are currently 9.8 million Pag-IBIG members and the number is growing.  The Fund has established 17 Pag-IBIG Overseas Program (POP) offices worldwide.—voletsbgerstl


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