November 16, 2018 | Posted by: Venus Zoleta | Government Services
November 16, 2018
You’ve diligently paid your Pag-IBIG contributions throughout your entire career. And now, you think it’s time to get your investment back.
How to claim Pag-IBIG contribution, you wonder. Read on this guide to know the proper way to withdraw your savings.
But first, it’s important to confirm first if you can already claim your Pag-IBIG savings. You can claim your Pag-IBIG savings, also called Provident Benefits Claim, when you meet any of these conditions:
You’ve paid your Pag-IBIG contributions for at least 20 years, equivalent to 240 monthly payments.
If you’re a Pag-IBIG Overseas Program (POP) member, you can claim your contributions at the end of five, 10, 15, or 20 years, depending on the option you chose during your membership registration.
Check this guide to learn the ways to check your Pag-IBIG contribution payments.
When you reach 65 years old, you’ll be under compulsory retirement and thus eligible to claim your Pag-IBIG contributions. You may retire earlier at age 60, from the SSS, GSIS, or government service, or under your private employer’s retirement plan, as long as you’re at least 45 years old.
Pag-IBIG members with physical and/or mental disability due to an illness or injury, causing inability to work or run a business, may apply for Provident Benefits Claim.
If you can no longer work because of severe health conditions, you can make a claim for your Pag-IBIG contributions. You need a doctor’s certification for this.
You can withdraw your Pag-IBIG savings before you leave the Philippines to live permanently abroad. But you have to show proof that your new country of residence has allowed you to live there indefinitely.
For deceased Pag-IBIG members, their heirs, authorized representatives, or any appointed court administrator or executor can file the application for Provident Benefits Claim.
1. Membership Maturity
For POP members: POP Passbook
3. Permanent Total Disability or Insanity
4. Separation from Service due to Health Reasons
5. Permanent Departure from the Philippines
Pag-IBIG also requires the following documents from claimants to prove the relationship with the deceased member:
Filing your application for Provident Benefits Claim is easy and won’t take you longer than an hour.
Processing of Pag-IBIG contribution claims takes around eight working days (or 20 working days if you have records with other Pag-IBIG branches).
Claim your proceeds on your scheduled pick-up date. Here’s how:
In some cases, it takes longer to process an application when a member has a namesake in Pag-IBIG records. Worse, some members get surprised upon finding out that a scammer has already claimed their Pag-IBIG contributions using their identity. So whether you’re claiming your savings anytime soon or not, always take the time to check your Pag-IBIG membership records and contribution payments.