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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 ...
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]
In 2014, 77.04 billion pesos was spent on GOCCs by the national government, 3% of which was classified as subsidies and 97% was classified as program funds. [6] In 2013, on "GOCC Dividend Day", the Philippine government received 28-billion Philippine pesos in dividends and other forms of remittances from the 2012 operations of 38 GOCCs. [8]
The Social Security System (SSS; Filipino: Paseguruhan ng mga Naglilingkod sa Pribado) [4] is a state-run social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
To add, while Baby Boomers are poised to pass down an average of $3.1 million each, many may opt to spend their savings rather than save for inheritances. Such a situation would potentially deepen ...
Up to $1,500 in savings that you’ve earmarked for burial expenses. Furniture. Household and personal items. The income and resource limits vary by program, and they’re adjusted regularly for ...
Depending on the program sponsor, the eligible maximum income levels can range from 200% of the poverty level to 80% of area median income. [1] Earnings: The source of the savings are another important criterion. Many IDA programs require that all or part of the savings accumulated during the course of an IDA program should come from "earned ...
Medicare savings programs assist people with low income levels.. The programs have tiered levels, based on an individual’s income. If a person’s income is too high for one program, then a ...