Document text
[FULL NAME]
[POSITION] · Employee No. [NUMBER] · [EMAIL]
[DATE]
[NAME OF HR / PAYROLL OFFICER]
[POSITION], [COMPANY NAME]
[COMPANY ADDRESS]
Re: Request and authority for monthly payroll deduction — Pag-IBIG MP2 Savings
Dear Sir/Madam:
I am an active Pag-IBIG Fund member, Pag-IBIG MID No. [MID NUMBER], and I am saving under the Modified Pag-IBIG II (MP2) Savings Program, MP2 Account No. [MP2 ACCOUNT NUMBER].
I request and authorize the company to deduct ₱[AMOUNT] from my salary every month, starting with the payroll for [MONTH YEAR], and to remit it to Pag-IBIG Fund as savings to my MP2 account, together with my regular Pag-IBIG contributions.
This authority stays in effect until I withdraw or change it in writing. I will give you any change of the amount at least one payroll in advance. If payroll cannot remit MP2 savings, please tell me in writing and I will pay through the Pag-IBIG Fund payment channels myself.
Thank you.
Employee: ____________________ / [FULL NAME] /
Received by (HR / Payroll): ____________________ / [FULL NAME] /
Date received: [DATE]
My MP2 plan
Monthly MP2 savings ₱[AMOUNT] (minimum ₱500 per payment)
One-time savings (e.g. my ipon) ₱[AMOUNT]
Dividends [COMPOUNDED / ANNUAL PAYOUT]
First payment [MONTH YEAR]
Matures (5 years from the first payment) [MONTH YEAR]
Estimate at maturity ₱[AMOUNT] at [RATE]% a year (last declared rate; future rates are not known)
Before you hand in this letter
1. Know your Pag-IBIG MID number.
2. Open an MP2 account online in Virtual Pag-IBIG (pagibigfundservices.com) and write the MP2 account number above.
3. Choose annual dividend payout or compounded dividends.
4. Payments above ₱100,000 need proof of income or source of funds; a one-time payment above ₱500,000 is made by check.
5. Keep a copy of this letter with the "Received by" signature, and check that the deductions appear in your MP2 records.
Reply to this document or get a deadline reminder: https://layers.md/ph/pag-ibig-mp2-calculator?from=reply-ph-mp2-calculator