Amid the ongoing health crisis, Pag-IBIG Fund members still showed
preference for the MP2 savings program in 2021 as total savings reached
nearly P26 billion, setting yet another record for the amount saved
voluntarily by members in a year, agency officials said.
In only 12 months, members’ savings under the Modified Pag-IBIG 2 (MP2)
Savings Program reached P25.95 billion in 2021, achieving a staggering
growth of 95% from the P13.23 billion collected in 2020.
“Even amid some uncertainties caused by the pandemic, the MP2 proved
to be one of our most sought-after programs. Because the MP2 has
traditionally provided higher returns on savings, more and more members
are preferring to grow their hard-earned savings in Pag-IBIG Fund. As we
finalize all reports for the year, we will be announcing the dividend rates
for 2021 very soon. Helping create more financially secure Filipino
workers is our contribution to the national government’s efforts towards
economic recovery,” said Secretary Eduardo D. del Rosario of the
Department of Human Settlements and Urban Development (DHSUD) who
also chairs the 11-member Pag-IBIG Fund Board of Trustees.
The MP2 Savings Program is a special voluntary savings facility of Pag-
IBIG Fund that comes with a maturity period of five years. With a lowentry point of a P500 minimum savings, it is designed for active Pag-IBIG Fund members who wish to save more and earn higher dividends, in addition to the mandatory Pag-IBIG Regular Savings they save every month. The program is also open to workers who were once Pag-IBIG
members. These include pensioners and retirees, as long as they had at
least two years worth of savings prior to retirement.
Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti, meanwhile,
said that the number of cumulative MP2 savers also increased last year.
In 2020, there were 508,522 MP2 savers. By the end of 2021, the total
number of MP2 savers increased 42% to 721,980.
“We thank our members for their enduring support for the MP2 even
during these challenging times. Because you choose to save in MP2, it has
always been one of our most impressive programs. Prior to the pandemic,
we had just achieved our best year in 2019. And while many lessons were
learned during the last two years of the pandemic, we’ve also learned that
your trust in Pag-IBIG never waned as the MP2 not only remained firm,
but also grew to record-levels in 2020 and 2021. With our robust financial
position and the Lingkod Pag-IBIG brand of service, our members can rest
assured that their savings are safe and will continue to grow in the coming
years,” Moti said.
