Employers need to register in Pag-IBIG for several reasons. One of which is compliance with applicable corporate laws. Aside from statutory requirements, registering also ensures that their employees have access to certain loans and programs that support housing, property, and financial needs.
Furthermore, registering with Pag-IBIG also guarantees that employees have access to affordable home and savings programs. Additionally, registration is necessary to secure full compliance with government-mandated benefits for your employees in the Philippines.
Aside from Pag-IBIG, you are also required to register with other agencies, such as the Social Security System (SSS), the Bureau of Internal Revenue (BIR), and the Philippine Health Insurance Corporation (PhilHealth).
How do you register as an employer in Pag-IBIG?
Below are the general steps when registering as an employer with Pag-IBIG:
1) Determine which application method applies to your business.
As of the writing of this article, the public online registration system for employers is no longer available in the Pag-IBIG e-Services. However, employers can still register through the Department of Trade and Industry’s Philippine Business Registry System (PBRS). Alternatively, businesses may also register through the Securities and Exchange Commission using the Integrated Business Registration System (IBRS).
2) Complete the forms.
Download and accomplish the Employer’s Virtual Pag-IBIG Enrollment Form (HQP-PFF-372). This form will require information such as the employer’s details, the authorized approving officer’s details, and other relevant information.
3) Submit the filled-out forms.
Submit the completed form to the Pag-IBIG Fund branch, maintaining your employer’s account. You may need to wait for a notification from Pag-IBIG Fund via email regarding the status of your enrollment.
4) Prepare payment files
Visit the Virtual Pag-IBIG for Employers website and go to “Electronic Submission of Remittance Schedule.” Log in to your account and click “Manage Employees” to ensure that your employee list is complete and updated. Then, select “Create Payment Instruction” to prepare your payment file.
5) Pay monthly contributions
Follow the instructions provided by Pag-IBIG Fund to pay your monthly contributions. This step is crucial to ensure compliance with applicable corporate laws.
How do I enroll in eSRS as an employer?
To enroll in eSRS as an employer, you can follow these steps:
- Go to the Virtual Pag-IBIG for Employers website.
- Click the “Electronic Submission of Remittance Schedule” button.
- Log in to your account using your username and password.
- Once logged in, select “Manage Employees” to ensure that your employee list is complete and updated.
- Select “Create Payment Instruction” to prepare your payment file.
- Submit your monthly remittance schedule through eSRS.
Are there any fees associated with enrolling in eSRS as an employer?
Based on the search results, there is no information indicating that there are fees associated with enrolling in eSRS as an employer. However, employers are required to pay their monthly contributions to the Pag-IBIG Fund, which is a separate matter from enrolling in eSRS.
Finally, employers who fail to comply with the requirements and deadlines for submitting their monthly remittance schedules may face penalties and other legal consequences.