PAYMENT OF INCOME ON CONTRIBUTIONS FOR THE YEAR 2018
The qualified members of Provident Fund Office as of December 31, 2018, will receive their income on contributions starting this month July 2019. The net income distributable for the year 2018 totaled to P12.3 Million and will be distributed and paid to 3,359 active members of the Provident Fund Office in the following manner.
CASH INCOME (60%)
The cash corresponding to the pro-rated income of the qualified members will be paid through the issuance Postal Domestic Money Order starting July 2019. Cash income below 100 can be claimed from the Provident Fund Office
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EQUITY INCOME (40%)
The forty percent (40%) of the total income on contributions will be added to each member’s outstanding contribution as of December 31, 2018. The higher the contribution of the member the higher his/her income will be. Upon retirement, this equity income will be included in the net claims of the retired or separated member. (See attached PFO Circular 2019-01)