Read COMMISSION ON AUDIT MEMORANDUM NO. 2010-017 - May 24, 2010 text version

2010-017 May 24, 2010

HOME DEVELOPMENT MUTUAL FUND Corporate Headquarters The Atrium of Makati Makati Ave., Makati City

HDMF Circular No. 276 TO: ALL CONCERNED SUBJECT: GUIDELINES IMPLEMENTING THE MODIFIED Pag ­ IBIG II (MP2) MEMBERSHIP PROGRAM

Pursuant to the approval by the HDMF Board of Trustees in its 264th Board Meeting held last December 18, 2009, the Guidelines Implementing the Modified Pag-IBIG II (MP2) Membership Program are hereby issued.

A. OBJECTIVE To give Pag-IBIG I members, whose gross monthly income exceeds P5,000.00, another savings option that would provide them with a yield higher than those given under their existing membership with the Fund.

B. COVERAGE Membership under the Modified Pag-IBIG II (MP2) Program shall be voluntary upon all Pag-IBIG I members whose gross monthly income exceeds five thousand pesos (P5,000.00).

C. CONTRIBUTIONS The member may contribute a minimum of five hundred pesos (P500.00) per month. Payments shall be recorded as of payment date.

D. DIVIDEND RATE A member shall be entitled to flexible dividend rates, which shall be determined within the first quarter of every year and approved by the Board of Trustees; provided that the said rate shall be higher than that of Pag-IBIG I.

E. MEMBERSHIP MATURITY 1. The member under the Modified Pag-IBIG II shall be entitled to receive his/her Total Accumulated Value (TAV) under this program at the end of the five (5) year membership term. The TAV shall comprise of his contributions and its corresponding dividends. 2. Withdrawal of contributions prior to maturity shall be allowed under any of the following circumstances: a. total disability or insanity

b. separation from service by reason of health c. death 3. Upon maturity, a member may opt to continue his/her Modified Pag-IBIG II membership for another five years.

F. OTHER PROVISIONS 1. No new membership application for the Pag-IBIG II Program created under Circular No. 72 and its amendments shall be accepted upon issuance of these guidelines. Similarly, members with maturing Pag-IBIG II savings shall not be allowed to extend the term of their membership under the said program. Said member may opt to withdraw his savings upon maturity or invest it under the MP2 Program 2. The MP2 Program shall be solely a savings scheme. Hence, members under the program shall not be entitled to avail of any of the Fund's lending programs unless he/she is also an active member under the Pag-IBIG I and satisfies the eligibility criteria set by the Fund.

G. AMENDMENTS These guidelines may be amended, revised or modified in writing by the Board of Trustees.

H. EFFECTIVITY These guidelines take effect immediately.

Makati City February 3, 2010

FPF090

MEMBER'S DATA FORM (MDF)

FOR HDMF USE ONLY Pag-IBIG MID No. REGISTRATION TRACKING NO.

INSTRUCTIONS

Submit this form in two (2) copies. Type or print all entries in BLOCK or CAPITAL LETTERS. The "NAME EXTENSION" shall refer to JR., II, III and the like. Indicate the full name of your FATHER and MOTHER as they appear in your birth certificate 5. Accomplish only the "PERMANENT HOME ADDRESS" if it is different with the "PRESENT HOME ADDRESS". 1. 2. 3. 4. 6. On the "BENEFICIARIES" portion, the provision on the Intestate Succession, as provided in the New Family Code shall be observed. a. SINGLE - Mother, Father, Brother and/or Sister b. MARRIED - Spouse, Son, Daughter, Mother and Father 7. Upon submission of this form, present at least one (1) valid ID. 8. For any subsequent change of information, please secure and accomplish two (2) copies of the Member's Change of Information Form (MCIF) [FPF110]) and submit to the concerned HDMF Branch.

MEMBERSHIP CATEGORY

OTHER PROGRAMS (VOLUNTARY)

o MANDATORY

EMPLOYED PRIVATE EMPLOYED GOVERNMENT EMPLOYED PRIVATE HOUSEHOLD OVERSEAS FILIPINO WORKER (OFW) SELF-EMPLOYED

o VOLUNTARY

EMPLOYED INDIVIDUAL PAYOR

MODIFIED Pag-IBIG II (Cir. 276 dtd. 2/3/10) Pag-IBIG II (Cir. 72 dtd. 10/23/89) POP (Cir. 98 dtd. 10/2/91) POP (Cir. 98-C dtd. 1/28/04)

LAST NAME MEMBER FATHER MOTHER (Maiden Name) SPOUSE (If Married)

MEMBER'S NAME AS APPEARING IN THE BIRTH CERTIFICATE

FIRST NAME

NAME EXTENSION

(e.g. Jr., II)

NO MIDDLE NAME MIDDLE NAME

(check if applicable only)

DATE OF BIRTH

m m d d y y y y

CIVIL STATUS Single Married CITIZENSHIP

TAXPAYERS IDENTIFICATION NUMBER (TIN) Widow/er Legally Separated Annulled SSS/GSIS NUMBER

PLACE OF BIRTH (City/Municipality/Province/Country)

(Please indicate country if born outside the Philippines)

EMPLOYEE NUMBER GENDER Male Female HEIGHT ______ (m) WEIGHT ______ (kg)

For DECS Employee, Division Code-Station Code

PROMINENT DISTINGUISHING FACIAL FEATURES (Ex. Moles, Scars, etc.)

For AFP/PNP Employee, Serial/Badge No.

COMMON REFERENCE NUMBER (CRN)/UNIFIED MULTI-PURPOSE ID NO. (If Available)

PRESENT HOME ADDRESS

Unit/Room No., Floor Building Name

CONTACT DETAILS

(Indicate country code if abroad) COUNTRY + AREA CODE TELEPHONE NUMBER

Home Lot No. Block No. Phase No. House No. Street Name Cell Phone Subdivision Barangay Business (Direct Line) Municipality/City Province ZIP Code

Business (Trunk Line)

Local

State/Country(if abroad)

Email Address

THIS FORM MAY BE REPRODUCED. NOT FOR SALE.

Revised 02/2010

PERMANENT HOME ADDRESS

Unit/Room No., Floor Building Name Lot No. Block No. Phase No. House No.

Street Name

Subdivision

Barangay

Municipality/City

Province

ZIP Code

PREFERRED MAILING ADDRESS

Present Home Address

Permanent Home Address

Employer/Business Address

PRESENT EMPLOYMENT DETAILS

EMPLOYER/BUSINESS NAME EMPLOYMENT STATUS Permanent/Regular Casual Part-time/Temporary OFFICE ASSIGNMENT Head Office Lot No. Block No. Phase No. House No. Street Name MONTHLY INCOME Basic

+

Contractual Project-based

EMPLOYER/BUSINESS ADDRESS Unit/Room No., Floor Building Name

Branch ____________

Subdivision/Barangay

Municipality/City

ZIP Code

Allowances/Others

=

Total Mo. Income Province State/Country(if abroad) TYPE OF WORK (For OFWs only) Land-based MANNING AGENCY (To be accomplished by the Seafarers only) Sea-based

PREVIOUS EMPLOYMENT FROM DATE OF HDMF MEMBERSHIP (Use another sheet if necessary) EMPLOYER/BUSINESS NAME OFFICE ASSIGNMENT Head Office EMPLOYER/BUSINESS ADDRESS

FROM m m y y y y

Branch ____________

TO m m y y y y

EMPLOYER/BUSINESS NAME

OFFICE ASSIGNMENT Head Office Branch ____________

TO y y y y + m m y y y y

EMPLOYER/BUSINESS ADDRESS

FROM m m

BENEFICIARIES (In case of death, Fund benefits shall be divided among the member's legal heirs in accordance with the New Civil Code as amended by the New Family Code) (Use another sheet if necessary)

LAST NAME FIRST NAME NAME EXTENSION MIDDLE NAME NO MIDDLE NAME

(Check only if applicable)

RELATIONSHIP

DATE OF BIRTH

m

m

d

d

y

y

y

y

m

m

d

d

y

y

y

y

m

m

d

d

y

y

y

y

I HEREBY CERTIFY THAT THE INFORMATION GIVEN AND ALL STATEMENTS MADE HEREIN ARE TRUE AND CORRECT.

SPECIMEN SIGNATURES

______________________________________

INITIALS

________________________

______________________________________ SIGNATURE OF MEMBER DATE ______________________________________

________________________

________________________

Information

COMMISSION ON AUDIT MEMORANDUM NO. 2010-017 - May 24, 2010

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