Ojt Knowledge Paper

Ojt Knowledge Paper



PAG-IBIG Fund Manila Branch

In Partial Fulfillment of

the Requirements for

Published by:

Warren Carlo U. Manalang

II. Brief History/Background of the Company/Company Profile

PAG-IBIG started in 78. But it was only in 1981 the moment many employees came to understand aboutВ Pag-ibig FundВ orВ Home Development Mutual Fund (HDMF). It was the entire year employers started implementing Usa president Decree 1530, which was issued on Dec 14, 1980. This decreed Pag-ibig since mandatory for all employees and their employers. PAG-IBIGВ stands forВ Pagtutulungan social fear Kinabukasan: В Ikaw, В BangkoВ Industriya atВ Gobyerno. Here are the Presidential Decrees (PD), Executive Orders (EO) and Republic Acts (RA) covering Pag-ibig Fund:

06 11, 1978 - President Decree 1530 - Director Ferdinand Marcos

Two Home Development Common Funds had been established by the administration of then Chief executive Ferdinand Marcos -- 1 administered by simply SSS and another used by GSIS -- to get a program for workers to apply for real estate loans. Nevertheless , participation was voluntary.

June 4, lates 1970s - Business Order No . 538 -- President Ferdinand Marcos

The two Home Advancement Mutual Money were merged into one Fund managed by National Home Mortgage Finance Corp.

December 13, 1980 -- Presidential Rule 1752 - President Ferdinand Marcos

This kind of PD 1752 amended PD 1530.

The property Development Shared Fund was performed one company body with a corporate office. Coverage was performed mandatory for any government and employees and the employers. In addition, it extended the fund to other operating groups, including the self-employed, with or withour employer input.

Executive Purchase No . thirty five - September 1, 1986 - Director Corazon Aquino

- This kind of amended five sections of PD 1752.

-- The percentage of employee efforts was lowered from three or more percent to 2 percent.

Executive Order 90 -- December seventeen, 1986 -- President Corazon Aquino

-- This repealed Section four of President...