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Pag-IBIG Fund was founded by virtue of Presidential Decree No. 1530 [1] [2] which was signed by President Ferdinand E. Marcos on June 11, 1978, to answer the national need for savings program and affordable housing financing. [3] Its original purpose was solely as a provident fund to encourage savings among Filipinos.
Website. www .sss .gov .ph. The Social Security System ( SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) 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.
Overseas Filipino Worker ( OFW) is a term often used to refer to Filipino migrant workers, people with Filipino citizenship who reside in another country for a limited period of employment. [3] The number of these workers was roughly 1.77 million between April and September 2020. Of these, female workers comprised a larger portion, making up 59 ...
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Cost. Free of charge [1] The Unified Multi-Purpose ID ( UMID) is a Philippine identity card that was introduced in 2010. [2] The card was developed as a single card for the relations between several government-related agencies. The agency responsible for implementation is the Social Security System (SSS), and also the Government Service ...
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US$55 billion (2023) Number of employees. 577 (2022) [1] Website. www .pag .com. Footnotes / references. [2] PAG is an Asian investment firm that manages multiple asset classes, including private equity, private debt, real estate and hedge funds. It is considered one of the largest private investment firms in Asia.
Among the agencies with a presence at the mission include the Department of Labor and Employment, the Overseas Workers Welfare Administration, the Armed Forces of the Philippines and the Department of National Defense, the Social Security System, and the Home Development Mutual Fund (Pag-IBIG Fund).