Q1:

What is membership maturity?

A1:

Membership maturity is one of the grounds for withdrawal of the member's provident benefit from Pag-IBIG Fund. It refers to the end of the 20 year-period of membership with Pag-IBIG, when the member has completed 240 monthly contributions.

Q2:

Who are qualified to claim their provident savings due to membership maturity?

All Pag-IBIG members who have completed 20 years of membership, starting from the month that they made their initial contribution, and who have made a total of 240 monthly contributions at the time of maturity may claim their provident savings from Pag-IBIG.

At the same time, members with gaps in their membership due to value suspensions of their contributions are also qualified to withdraw their savings. The valid reasons for suspension are: unemployment due to termination, resignation, suspension, company closure, or health reasons; leave without pay, approved waiver/suspension of Pag-IBIG coverage: and suspension of Pag-IBIG contributions from by Pres. Cory Aquino from May to July 1986.

Q3:

How much will a member receive?

Each member will receive an amount equivalent to his total personal contributions, employer counterpart shares (if any) and credited dividends.

However, the balance of his loans from Pag-IBIG (if any) shall be deducted from the proceeds of his provident benefit.

Q4:

What is the procedure in applying for provident benefits due to membership maturity?

The procedure is as follows:

1. An employed member shall file his application for provident benefits through his Fund Coordinator or employer upon completing 240 monthly contributions.

   Self-employed members may file their applications to the Pag-IBIG office where they remit their monthly contribution; while unemployed members may file their applications to the Pag-IBIG office nearest them.

2. Pag-IBIG shall notify the member when his provident savings benefit is ready for payment.

Q5:

What are the requirements?

The basic requirements are:

1. Duly accomplished Application for Provident Benefit form (1 copy)
2. Duly accomplished Member's Data Form (MDF), if not yet submitted to Pag-IBIG
3. Service record for employees of the national government
4. Latest payslip for AFP and PNP personnel

Other requirements depending on the reason for gaps in contributions are:

1. Unemployment due to:

a. Termination

a. Notice of termination

b. Resignation

Q6:

How long is the processing period?

A6:

Pag-IBIG shall process applications for provident benefits which are supported by all the required documents within 22 working days.

Q7:

How shall the member receive his provident benefits due to membership maturity?

A7:

A member shall be paid his provident benefits through the Cash Division of the concerned Pag-IBIG branch/regional office or thru the member's employer.

Q8:

After a member has received his provident benefits due to membership maturity, is he required to register again with Pag-IBIG?

A8:

Yes, if the member is still employed as Republic Act 7742 mandates, all members of SSS and GSIS who are earning at least P4,000 a month must register with Pag-IBIG.

After a member shall have claimed his provident benefits, any and all contributions he shall remit to Pag-IBIG thereafter shall constitute his second membership.

Thus, his second membership shall start with the first contribution he remits to Pag-IBIG after he claims his provident savings due to the maturity of his membership.