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Essay

Pag-ibig Fund

Essay specific features

 

Issue:

Social Issues

 

Written by:

Juan M

 

Date added:

December 23, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

37 / 10137

 

Was viewed:

8984 times

 

Rating of current essay:

 
Essay content:

The Social Security Systems (SSS) handled the funds of private employees while Government Service Insurance System (GSIS) handled the funds of government workers. On March 1, 1979, Executive Order No. 527 took effect, transferring the administration of the Fund to the National Home Mortgage Finance Corporation (NHMFC)...
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The NHMFC is one of the operating agencies of the then Ministry of Human Settlements. To further strengthen the stability and viability of the two funds, Executive Order No.538 was issued on June 4, 1979 merging the two funds into what is now known as the Pag-IBIG Fund. On December 14, 1980, Presidential Decree 1530 was amended by PD 1752, making the Pag-IBIG Fund a corporation independent from the NHMFC...
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General issues of this essay:
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