By Ma. Teresa Montemayor
MANILA – President Ferdinand R. Marcos Jr. has recognized the Pag-IBIG Fund for its outstanding service to Filipinos during the Government-Owned or Controlled Corporation (GOCC) Day.
In a Facebook post on Wednesday, the agency noted that its Chief Executive Officer Marilene Acosta received the Certificate of Recognition from Marcos, honoring the agency’s active participation in the GOCC Service Caravan last July, which brought government services closer to the public.
“This recognition affirms Pag-IBIG Fund’s commitment to nation-building. We are proud to support the Department of Finance’s Service Caravan as we bring Pag-IBIG Fund services closer to the public,” she said during the ceremony on Tuesday.
“We are also honored to stand alongside the country’s top GOCCs that contribute dividends to the national government. As a GOCC owned by our members, Pag-IBIG Fund is unique in returning its record earnings directly to them,” she added.
Unlike most GOCCs that remit dividends to the national government under Republic Act (RA) 7656 (Dividend Law), the Pag-IBIG Fund reinvests its earnings directly back to its members in line with the Home Development Mutual Fund Law (RA 9679).
For 2024, the agency declared a record-breaking PHP55.65 billion in dividends, with members receiving a 6.60 percent dividend rate on Regular Savings and a 7.10 percent return on MP2 Savings.
The agency said the recognition underscores its role in advancing financial empowerment and fiscal discipline while ensuring that every peso earned directly benefits Filipino workers, their families, and the nation at large. (PNA)
