Friday, December 27, 2019

Mode of Payment Affects Member's Remittances in GSIS and Pag-IBIG

Members specifically in Pag-IBIG should not panic whenever they view online its delayed remittances. They are able to see their financial records through signing up or logging in Virtual Pag-IBIG. After clicking savings, view contributions appear below. Virtual Pag-IBIG records yearly members' contributions specified beginning January until December of the year. What an amazing Virtual Pag-IBIG is!

eGSISMO does not show records on yearly and even monthly remittances of members except those figures remitted for CONSOL, Regular Policy and other members' loans. In contrast, members in GSIS are unable to know either their remittances are monthly or quarterly updated or delayed compared to Pag-IBIG.

Who have experienced  viewing his/her records personally in either GSIS or Pag-IBIG? Perhaps, personnel of both offices just tell those members who would like to know status of remittances. It rarely happens among members given some copies of remittances from employers. So, Pag-IBIG is better than GSIS in online showing yearly and monthly payments from employers.

In the event that member of Pag-IBIG Mutual Fund happens to view his/her delayed remittances, he/she should not be scared of it or get discouraged. Employer has MODES OF PAYMENT as agreed with Pag-IBIG Mutual Fund Office. For instance in my case as I just print-screened recently from Virtual Pag-IBIG, there are no remittances for the month of October and November, 2019. It's no worry for this month, December because it has not ended yet. To comfort myself, I came to realize that definitely ARMM or BARMM applies mode of payment in a quarterly manner instead of monthly. It was the reason why the last three months (October, November and December) are zero-mode remittances.

I wish monthly remittance should be more applicable than quarterly. How many of you are in favor of that mode of payment? Speaking of inconvenience, BARMM may be busier to do it monthly or it makes her hire more personnel to be tasked for monthly remittance to Pag-IBIG Mutual Fund Office. To hire additional employees ensures additional budget for them. Will it be approved by the House of Representatives and the higher up?

To viewers to this blog post, kindly give the advantages and disadvantages of monthly remittance and quarterly remittance. Write it under comments.


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