How does Pag-IBIG formally define “Fund Salary” for contribution purposes?
Under Pag-IBIG regulations, the “Fund Salary” strictly refers to the basic salary alongside other received allowances. This definition comprehensively includes fees, wages, salaries, and similar financial items received by the employee within a month. It broadly covers earnings that can be expressed in monetary terms, whether computed on a time, task, piece, or commission basis. This precise legal definition is mandated for proper computation under Republic Act No. 9679. 18-May-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
