The Pag-IBIG Fund, officially known as the Home Development Mutual Fund (HDMF), is a government-mandated savings program in the Philippines designed to provide housing and financial assistance to Filipino workers. One of the essential documents that employers must regularly submit is the Pag-IBIG Membership Savings Remittance Form (MSRF), a crucial tool for ensuring employees' contributions are properly recorded and remitted. This article will guide employers on how to complete and utilize this form effectively.
What is the Pag-IBIG Membership Savings Remittance Form (MSRF)?
The Pag-IBIG Membership Savings Remittance Form (MSRF) (HQP-TMF-381, V07, 08/2024) is used by employers to report and remit employees’ monthly contributions to the Pag-IBIG Fund. It records vital details such as employee identification numbers, names, and the corresponding amounts contributed by both employer and employee. This form applies to both Pag-IBIG I mandatory contributions and MP2 savings programs.
DOWNLOAD GUIDE IN ACCOMPLISHING MSRF
Sections of the Form Explained
Key Data Elements in the MSRF
1. Employer Details
Employer ID No. – A unique 12-digit number assigned to a registered employer, starting with “2.” Ensure no hyphens or spaces are included.
Employer/Business Name – The registered name of the employer.
Employer/Business Address – The physical address of the business.
Contact Number – An active phone number of the employer.
Email Address – An active email address for communication.
Total Remittance – The total amount being remitted to Pag-IBIG Fund.
2. Employee Information
MID No. – A unique 12-digit number assigned to a Pag-IBIG member, starting with “1.”
MP2 Account No. – A unique 12-digit number for members enrolled in the Modified Pag-IBIG II (MP2) Savings, starting with “5.”
Membership Program – Indicate the appropriate program:
Pag-IBIG I Savings – Enter “F1.”
MP2 Savings – Enter “M2.”
Last Name – The member’s family name or surname.
First Name – The given name of the member.
Name Extension – If applicable (e.g., Jr, II, III). Do not include a period.
Middle Name – The mother’s maiden last name or, for married women, the father’s last name. Complete middle names must be used; avoid nicknames, second names, or initials.
PerCov (Period Covered) – The remittance coverage period in YYYYMM format (e.g., January 2024 = “202401”).
Monthly Compensation – The employee’s basic salary, including allowances. (For Pag-IBIG I remittance only.)
ER Share (Employer Share) – The employer’s counterpart savings or contributions. (For Pag-IBIG I remittance only.)
EE Share (Employee Share) – The employee’s contributions.
Remarks – Indicate employment status:
Deceased – “D”
Leave Without Pay/AWOL – “L”
Newly Hired – “N”
Resigned/Separated – “RS”
Retired – “RT”
Important Guidelines for MSRF Remittance
Separate Entries for Pag-IBIG I and MP2 – If an employee has both Pag-IBIG I and MP2 savings, two separate lines must be completed.
Required Data for Pag-IBIG I Remittance:
MID No.
Membership Program
Last Name, First Name, and Middle Name
Period Covered
Monthly Compensation
ER Share
EE Share
Remarks (if applicable)
Required Data for MP2 Remittance:
MID No.
MP2 Account No.
Membership Program
Last Name, First Name, and Middle Name
Period Covered
EE Share
Remarks (if applicable)
Kasambahay Contributions – Must be filed separately from formal sector employees. A separate remittance file should be submitted.
File Format Requirements:
Submit the MSRF in Excel format (PDF or Word files will not be accepted).
Save the soft copy on a USB/Flash Drive or email it to the concerned branch.
Ensure the submission is made at the appropriate Pag-IBIG branch for processing.
Final Reminders
Always verify that all data elements are complete and correct before submission.
Follow the prescribed format strictly to avoid processing delays.
Contact your designated Pag-IBIG Fund branch for any clarifications or additional requirements.
By ensuring the accurate completion of the Membership Savings Remittance Form (MSRF), employers can facilitate smooth transactions and timely posting of contributions, ultimately benefiting their employees' savings and future financial security.
For more information, visit the official Pag-IBIG Fund website or reach out to your assigned Pag-IBIG branch.