Have you given up on something after doing everything you can possibly think of? Only to find out that the universe conspire and hand it to you (on a silver platter) when you least expect it.
OK others are thinking already of affairs of the heart. But mine is about financial affairs.
I decided a few days ago to contribute to Modified Pag-IBIG II (MP2) apart from the regular Pag-IBIG monthly savings contribution.
At the end of the year, it is my habit to do my personal finance checklist. One of which is to request record of contribution through email.
Not only did I get the record (it will take days but I assumed I already did), I also get the opportunity to consolidate Pag-IBIG contribution. It is a task I gave up after several discouraging attempts which led me to finally register online to become a Pag-IBIG member as an OFW.
If you are confused, I can’t blame you so I’ll share my employment background that will help OFWs get around the maze of Pag-IBIG membership.
Work Background: From Local to Overseas Employment
As a new college graduate, I hopped from one job to another as if job hunting can become a non-paying job for the next six months or so.
My concerned is to earn (like many other graduates) and have a good use of my diploma. I didn’t bother about the deductions (tax, SSS, PhilHealth, and Pag-IBIG contribution) on my salary. All I can see is the net income.
Consequences are after me even as an OFW.
- I didn’t know my Pag-IBIG MID Number.
- I have no idea of how much I contributed in local employment. As an OFW, I pay online the Pag-IBIG contribution.
- I had to register online to become a Pag-IBIG member as an OFW.
- My plan to buy my dream house was pushed behind because I have to complete a minimum of 24-month contribution to be able to apply for a Pag-IBIG housing loan.
- Lastly, I missed the opportunity to start early in saving for retirement. (To catch up, I should contribute more each month.)
Note: Before I register online for a Pag-IBIG Number in Canada, I sent emails asking for my number since I worked in the Philippines before becoming an OFW.
I didn’t get a clear answer back then. A few days ago, my record was consolidated with the help of the staff who search for my entire record of contribution when I was ONLY asking for Employee’s Statement of Accumulated Value (ESAV) for the current year.
Sometimes, mixed-up conversation has an advantage.
I’m done with job hopping and started the house hunting that I’m keen on fixing my Pag-IBIG record for local and overseas employment.
Next, I’ll show you how I manage to consolidate Pag-IBIG contribution with luck and patience.
How to Consolidate Pag-IBIG Contribution Online
For OFWs, we are lucky to have online access almost anywhere we are with fast Internet speed. The Internet is our first go-to ally, next is our relatives, the last resort (in my case).
The steps also applies to those who has local employment. For EACH new job in the Philippines, consolidate your Pag-IBIG record.
Step 1: Like what I did, the first thing I will ask you to do is to send an email to firstname.lastname@example.org. Request for a copy of your local record of contribution. For sure it’s on their system. I didn’t get a copy the first time so I tried again.
I guess it depends on who you are talking to. Some will give irrelevant answers; others will go above and beyond.
Step 2: You should receive a copy of Request for Transfer of Member’s Records and Loan Details (RTMRLD). Fill up the form and send it back online.
To consolidate your records from local to overseas, kindly accomplish the attached FPF400 Request for Transfer of Member’s Records and Loan Details Form and send the scanned copy thru this email. By this process, your records will be consolidated and updated to your OFW account.
Those words reassured me that all will be well for my future member’s record. Nothing can jinx it.
Step 3: Send an email (email@example.com) to request a copy of Employee’s Statement Accumulated Value (ESAV). Check if the record has been consolidated.
Early next year before making my first contribution for the current year, I’ll request a copy of ESAV and record for MP2 contribution. By then, I hope the record has been updated for the previous year.
I’ll give an update as soon as I receive the record. Whatever kind; consolidated record or not.
The services in the Philipine departments like Pag-IBIG keeps on improving although in a slow pace. I’m happy with every little improvement.
If you had no luck in consolidating the Pag-IBIG contribution, try again. I can’t remember how many times I asked to no avail but that didn’t stop me. Try and try online. And offline.
I know, it’s annoying and time consuming but it will save us from financial trouble and help us in our golden age to organize our records in the present.
Were you able to consolidate the Pag-IBIG contribution for local and OFW employment?