When Can a Member Withdraw the Savings in HDMF

If there’s a time for planting seeds and waiting the seedlings to grow as matured plants or trees bearing fruits and seeds, there’s also a season of harvesting its fruits and seeds in which we can sow again or share and invest to others.

But in the case of a member of who has savings (compulsory or voluntary) with Pag-IBIG, a member may withdraw his/her total Pag-IBIG savings (provident benefits claim) upon occurrence of any of the following:

  1.  Membership maturity after 20 years of continuous membership. The member must have remitted at least 240 monthly membership contributions with the Fund.
  2. Members who registered in 2010, under RS 9679 has the option to withdraw their savings after 15 years of continuous membership.
  3. Retirement. The member shall be compulsorily retired upon reaching age 65. He may however, opt to retire upon the occurrence of any of the following:  – Actual retirement from the SSS, the GSIS or a separate employer provident/retirement plan, provided the member is least 45 years.  – Upon reaching age 60.
  4. Permanent and Total Disability or Insanity.
  5. Separation from the service due to health reason.
  6. Permanent departure from the country.
  7. Upon death of the member, where his legal heirs shall receive his TAV plus an additional Death Benefit Grant equivalent to this TAV or P6,000, whichever is lower.

SOURCE: http://www.pagibigfund.gov.ph/faqpdf/Provident%20Savings%20FAQs[August%202014].pdf / http://www.pagibigfund.gov.ph/home_pdf/RA9679.pdf

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