Glossary

What is Pag-IBIG (HDMF) contribution?

The monthly savings contribution to the Home Development Mutual Fund, shared equally by the employee and employer at 2% each of monthly compensation.

The compensation used is capped at ₱10,000, so the most either party pays is ₱200 a month. Members can choose to save more, and the contributions earn dividends and support housing loans.

Related terms

  • Night shift differential: An additional 10% of the regular hourly rate for each hour an employee works between 10 PM and 6 AM.
  • Overtime pay: Additional pay for work beyond eight hours in a day, at least 125% of the hourly rate on an ordinary day.
  • Pay register: The report for a pay period that lists every employee's earnings, deductions and net pay, reviewed and approved before payslips are released.
  • PhilHealth premium: The monthly health insurance contribution, currently 5% of monthly basic salary, shared equally by the employee and employer.

Compute it in OneHRIS

OneHRIS applies Philippine pay and compliance rules in every payroll run. See the Help Center for step-by-step guides, try the free calculators, or see pricing.

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