One of the benefits you COULD give to your OFS which I mention in my emails, videos, and blog posts is the Pag-IBIG fund. The Pag-IBIG fund, also known as the Home Development Mutual Fund, is a government-owned and controlled corporation mandated to help Filipinos get affordable home financing and set up a savings fund.

Filipinos who want to buy their own homes contribute to this fund because it offers lower rates, longer payment periods, and access to their catalog of houses from people who defaulted on their loans.

You don’t need to be a Pag-IBIG member to buy a home. Some residential property developers don’t even accept financing through Pag-IBIG. But, many Filipinos still contribute to the fund because the fund also offers home improvement loans, short-term loans, and a savings fund that offers a higher interest rate than banks.

Being a Pag-IBIG member also entitles you to have a Pag-IBIG ID that you can present as a government-issued ID. They can also use that ID as a discount card for a lot of places like restaurants, salons, grocery stores, etc. That same ID is also an ATM card where the loaned amount is deposited and can be used as a personal bank account**.

**While the banks that issue these ID/ATMs are connected to SWIFT, we CANNOT confirm as of this time if they accept SWIFT transfers to these accounts.

How much does a Pag-IBIG contribution cost? The minimum required contribution is around Php 100 (USD ~$2) per month. Philippine companies are required by law to remit this contribution with an additional Php 100 employer’s share per employee to  Pag-IBIG as a benefit. That’s a total of USD ~$4/month. If the worker wants to contribute more, they would do it on their own.

Like with all benefits I talk about, this is optional. You don’t have to pay it. I didn’t pay it for years after having VAs and OFS work for me.
But, it’s also a super simple and affordable benefit to give.

Just tell them you want them to contribute to Pag-IBIG.  Tell them how much.  Then add that to their salary and ask them to provide you a receipt of their contribution. That’s it.


PS. It’s fall, and in my mountains the fall colors are out.  It’s beautiful!
Yesterday I rode ~38 miles with 4000ft of elevation in my local mountains.  I just can’t help but keep riding because of the colors.