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The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
The agency responsible for implementation is the Social Security System (SSS), and also the Government Service Insurance System (GSIS), the Philippine Health Insurance Corporation (PhilHealth), and the Pag-IBIG Fund (Home Development Mutual Fund) use the card. [3] The card was also suggested to be used as a voter ID. [4]
In December 2023, Pag-IBIG approved ₱12 billion credit line for the National Housing Authority, which will finance the development of 9,110 housing units nationwide (4,111 units in Quezon City, 1,377 in Valenzuela, 944 in Zamboanga City, and 535 in San Juan). [6] The 4PH Program is envisioned to create smart cities nationwide. [7]
Pantawid ng Pag-ibig: At Home Together Concert (lit. transl. Bridge of Love) is a six-hour Philippine benefit concert television special held on March 22, 2020, in support of ABS-CBN Foundation's efforts in helping those heavily affected by the 2020 Luzon enhanced community quarantine caused by the COVID-19 pandemic in the Philippines.
The national ID card is not compulsory and will harmonize existing government-initiated identification cards issued including the Unified Multi-Purpose ID issued to members of the Social Security System, Government Service Insurance System, Philippine Health Insurance Corporation, and Home Development Mutual Fund (Pag-IBIG Fund). [74]
2014 operation subsidies and program funds that GOCCs received from the national government. GOCCs receive from the government "subsidies" and "program funds". [6] Subsidies cover the day-to-day operations of the GOCCs when revenues are insufficient while program funds are given to profitable GOCCs to pay for a specific program or project.
De Castro was chairman of the Pag-IBIG Fund when the ₱6.6 billion housing scam involving Globe Asiatique (GA) scam took place. [23] Throughout his vice presidency, de Castro had minimal limelight and was regarded only as "backup" for the then incumbent party coalition if ever President Arroyo was ousted.
Historical marker installed in 2008 at the SSS head office in Quezon City. President Manuel Roxas, to give relief to the people who were facing difficulties in the post-war period, called on the legislators to create a social security program in his State of the Nation Address in January 1948 but he died without passing the bill.