Companies who are not yet registered or are not still collecting contributions for the Home Development Mutual Fund for their employees under PD 1752 have only until December 29 to comply with the mandatory membership with Pag-IBIG.
December 29, 2009 –the last working day of the year—is the last day to apply for the Penalty Condonation Program that saves delinquent employers from paying penalties on all uncollected and unremitted contributions.
The program is open to employers who have not registered with the Fund, those whose applications for waiver from coverage were denied but who failed to register, and companies that are duly registered but did not collect employee contributions and did not remit the employer counterpart.
After December 31, delinquent employers who have not registered with the Fund, have applied for Penalty Condonation but failed to comply with the terms, or continue to refuse to collect and/or remit contributions to Pag-IBIG shall continue to incur penalties on unremitted contributions. They shall also be held criminally liable and prosecuted in accordance with the penal provisions of PD 1752. (Pag-IBIG/PIA/EAD)