Love Attacks!

How's that for a title huh?  Actually, "love" in this context is actually PAG-IBIG, or the Home Development Mutual Fund (HDMF).  Apparently, HDMF-Cebu has filed cases against 23 companies in Cebu City for violating Presidential Decree 1752 as amended by Republic Act 7742 and 9679.  In essence, what these presidential decrees and republic acts call for are for employers to register all Social Security System (SSS) and/or Government Service Insurance System (GSIS)-covered employees with PAG-IBIG (HDMF), and to pay their counterpart contributions to the HDMF.  Looks like even though those 23 companies were repeatedly sent demand letters, said letters were ignored, prompting the HDMF to take legal action.  Portia Bacalso, Chief of Marketing and Enforcement, has vowed that the agency will continue its drive to monitor and file complaints against companies violating this law.

This bodes very well for employees, as contributions to the Fund will ensure that they will be able to take out a housing loan.  I'm really happy that government agencies are doing their jobs, and that we're seeing some results that are long-overdue.  Way to go PAG-IBIG!  Love can definitely bite back!


From the house that love built,
Jon