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Pag-IBIG Fund was founded by virtue of Presidential Decree No. 1530 [ 1][ 2] which was signed by President Ferdinand E. Marcos on June 11, 1978, to answer the national need for savings program and affordable housing financing. [ 3] Its original purpose was solely as a provident fund to encourage savings among Filipinos.
The SSS PESO (Personal Equity Savings Option) Fund is a voluntary savings program that members can utilize to augment their retirement benefits from the regular membership. [17] Launched in September 2014, it is a provident fund that gives tax-free returns and it can be made available effective upon the retirement of the members or when certain ...
Free of charge [ 1] The Unified Multi-Purpose ID ( UMID) is a Philippine identity card that was introduced in 2010. [ 2] The card was developed as a single card for the relations between several government-related agencies. The agency responsible for implementation is the Social Security System (SSS), and also the Government Service Insurance ...
5. Lack of tax diversification. Relying solely on traditional IRAs or 401 (k)s can lead to a hefty tax bill in retirement. While these accounts offer great up-front tax breaks, ordinary income tax ...
HYSAs earn 4.00% APY or higher, which is nearly nine times higher than the national 0.45% average of traditional savings accounts. But here’s the kicker: Chase, the largest bank in the U.S ...
Official logo of the Pambansang Pabahay Para sa Pilipino (4PH) Program. The Pambansang Pabahay Para sa Pilipino Program ( lit. 'National Housing for the Filipino Program' ), also known as the 4PH Program, is the national housing program of the Philippines. It was launched in September 2022 with the goal of having zero informal settlers by 2028.
Those come to a roughly 8% annual increase in your benefit each year until you hit 70 when the credits stop accruing. If you were born in 1960 or later, you’ll receive about 70% of your ...
In the Philippines, a government-owned and controlled corporation ( GOCC ), sometimes with an "and/or", [ 1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.