Saved Papers

Save papers so you can find them more easily!

Join Now

Get instant access to over 100,000 papers.

Join Now!

Pag-Ibig Fund

HISTORY

The Home Development Mutual Fund (HDMF) was created on June 11,1978 by virtue of Presidential Decree No. 1530. Primarily, the Fund was created to address two of the nation's basic concerns: generation of savings and provision of shelter for the workers. Under PD 1530, two agencies administered the Fund. The Social Security Systems (SSS) handled the funds of private employees while Government Service Insurance System (GSIS) handled the funds of government workers.

On March 1, 1979, Executive Order No. 527 took effect, transferring the administration of the Fund to the National Home Mortgage Finance Corporation (NHMFC). The NHMFC is one of the operating agencies of the then Ministry of Human Settlements.

To further strengthen the stability and viability of the two funds, Executive Order No.538 was issued on June 4, 1979 merging the two funds into what is now known as the Pag-IBIG Fund.

On December 14, 1980, Presidential Decree 1530 was amended by PD 1752, making......


View the rest of this paper...

Approximate Word Count: 13179
Approximate Pages: 53 (250 words per double-spaced page)

Why should you join Frat Files?

  • - It's safe, secure, and private.
  • - Instant access to over 100,000 papers. New papers are added hourly.
  • - Fast and reliable customer support.

Credit Card

PayPal

Bank Account

Similar Essays

  1. Pag-Ibig Fund

    Pag-ibig Fund HISTORY The Home Development Mutual Fund (HDMF) was created on June 11,1978 by virtue of Presidential Decree No. 1530. Primarily, the Fund was created to address two

  2. My Oppapers

    effect upon payment or approval of the loan of the BUYER thru Home Development Mutual Fund (Pag-ibig). That in the event that the loan of the BUYER not approved for any reasons

  3. Garments Case Study

    on mandatory contributions to the state-run Social Security System pension fund and the Pag-IBIG home mutual fund. "We are now working on the resolution of the case. We will

  4. A Project Proposal For The Enhancement Of The Budget Report Generation...

    711 PERA - Philippine Equity and Retirement Account takes hold of the provident fund and retirement benefits for employees. 712 ADCOM – are expenses for the

  5. Le Urbane Spa: A Project Feasibility Study

    or more persons bind themselves to contribute money, property or industry into a common fund with the intention of dividing profits among themselves. The following were the