Delinquent and unregistered employers in Bacolod City and Negros Occidental have a chance to update their Pag-IBIG contributions without the penalties through its six-month penalty condonation program that started from Jan. 2, and will end on June 30, a press release from the agency said.

The reprieve is provided under Pag-IBIG Fund’s Circular No. 299 and covers unregistered and delinquent employers.

Also covered are employers who have coverable employees from whom they did not collect membership contributions, who may apply for penalty condonation on the employer counterpart contributions of those coverable employees, the press release said.

However, employers who have previously availed of any penalty condonation offered by the fund and those who have collected membership contributions and/or Multi-purpose Loan amortizations from their respective employees but failed to remit to the fund are disqualified from this program, it added.

Employers, unregistered and existing, who wish to avail of the program, are required to register with the fund through its Online Employer Registration System prior to applying for penalty condonation not later than June 30.

Upon application for penalty condonation, employers are required to remit their contributions of current employees for the current remittance period and every month thereafter.

Otherwise, the corresponding penalty charges will apply, the press release said.

The application for penalty condonation is approved or disapproved not later than two months from the date of submission of the complete documents, it also said.

Once the application for penalty condonation is approved, employers have the option to settle it in full or through a plan of payment to be submitted within seven days and not later than the 25th day from the day of approval.

Otherwise, approval shall be forfeited.

The employers are to pay all its counterpart arrearages from the approval of application and the dividends that said arrearages could have earned. The payment shall be made in full within 30 days from approval of the application for penalty condonation, the press release said.

For more details, interested parties can visit Pag-IBIG Fund Bacolod Branch at St. Francis Ctr., Araneta St., Bacolod City or contact the office at 435-1129, 435-1137 to 40, local 106 and look for Celso Amar, it added.*

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