Membership Contributions Remittance Form (MCRF) at a glance
What it is: An employer with branch offices prepares a separate Membership Contributions Remittance Form (MCRF) for each branch, indicating their respective addresses.
Where and when to file: Accomplish this form in softcopy when making remittances to HDMF or to any authorized collecting agent based on the following payment schedule: A to D, 10th to the 14th day of the month; E to L, 15th to the 19th day of the month; M to Q, 20th to the 24th day of the month; R to Z, Numeral, 25th to the end of the month, by the First Letter of the Employer/Business Name and the Due Date (Schedule of Payments).
A filled-in Membership Contributions Remittance Form (MCRF) example: an employer remits for one member
How to fill out Membership Contributions Remittance Form (MCRF), box by box
Employer's ID number, business name and branch
For Pag-IBIG Employer's ID No., enter the assigned Pag-IBIG Employer's ID Number. For Employer/Business Name, enter the name per DTI/SEC Registration. For Branch/Office Assignment, indicate what branch or office the remitting employer/business/company is assigned.
Employer address and type of employer
For Employer/Business Address, indicate Unit/Room No., Floor, Building Name or Lot No., Block No., Phase No. or House No. and Street Name, Subdivision, Barangay, Municipality/City, Province, and ZIP Code. For Type of Employer, indicate whether Private, Government or Household.
Membership program and period covered
For Membership Program, indicate if the MC remittance is for Pag-IBIG I, Pag-IBIG II or Modified Pag-IBIG II. For Period Covered, indicate the applicable month and year of the MC remittance.
A separate MCRF should be accomplished per membership program, per period covered, per type of payment (whether cash or check payment) and in cases wherein Credit Memo shall be applied as payment to succeeding remittances to the Fund.
Name of members, account no. and monthly compensation
For Pag-IBIG MID No., indicate the member's assigned Pag-IBIG Membership Identification (MID) Number.
For Name of Members, indicate the member's complete name in the following format: Last Name, First Name, Name Extension (Jr., III, etc.), Middle Name. For Account No., accomplish this column only if the member has multiple Modified Pag-IBIG II (MP2) accounts.
Indicate the Account No. for the applicable remittance period.
Monthly Compensation refers to the basic salary and other allowances, where basic salary includes, but is not limited to, fees, salaries, wages, and similar items received in a month. Accomplish this portion only when remitting the member's initial membership contribution or if there are changes in monthly compensation of the member.
Contributions
"Monthly Compensation (basic + COLA) P1,500.00 and below: employee 1%, employer 2%, total 3%." Over P1,500.00, it is 2% for the employee, 2% for the employer and 4% in total. The maximum Monthly Compensation to be used in computing the employee and employer contributions shall not be more than 5,000.00.
Indicate the amount of employee contributions under column 12, the amount of employer contributions under column 13, and the total amount of employee and employer contributions under 14. Do not round-off nor drop centavos.
A member may contribute more than what is required, however the employer shall only be mandated to contribute two percent (2%) of the monthly compensation of the member as counterpart contribution. In case the member increases his/her monthly membership contribution, the employer shall have the option to match said increase or to contribute only what is required.
Remarks
Accomplish Remarks only to report changes in the employee's/member's employment status and to update any information regarding the employee/member. Indicate the appropriate code and effectivity date in the following format (mm/dd/yy) on the space provided for.
Refer to the following codes and examples: N - Newly Hired, example N: 1/4/2010; L - Leave Without Pay/AWOL, example L: 1/21/2010; RS - Resigned/Separated, example RS: 1/3/2010; RT - Retired; D - Deceased, example D: 1/14/2010; O - Others, please specify reason.
Number of members and totals
Indicate the number of members listed, as the page total. Indicate the total number of members listed if this is the last page of the listing.
Indicate the total amount due and employer contributions per page. Indicate the grand total amount due and employer contributions if this is the last page. Employer Certification is to be accomplished and duly signed by the Head of Office/Authorized Representative.
Signature of the Head of Office or Authorized Representative
"I hereby certify under pain of perjury that the information given and all statements made herein are true and correct to the best of my knowledge and belief. I further certify that my signature appearing herein is genuine and authentic."
Sign over the printed name of the Head of Office or Authorized Representative, then enter the Designation/Position and the Date.
More rules for Membership Contributions Remittance Form (MCRF)
Type or print all entries in BLOCK or CAPITAL LETTERS.
Failure or refusal of the Employer to pay or to remit the contributions herein prescribed shall not prejudice the right of the covered employee to the benefits under the Fund.
Membership contribution payments to be remitted should be equal to the total amount reflected in the MCRF. Check payments should be made payable to HDMF and shall be posted upon clearing.
Employers with over remittance from previous payments shall be issued with a Notice of Overpayment and Credit Memo.
For remittances previously made for employees for whom remittances should not have been made, the employer shall request a refund subject to the Fund's verification and approval. The request shall be made not later than six (6) months from the time said remittance was made.
Employers who shall remit on or before the due date as evidenced by the validated Membership Contribution Remittance Form (MCRF) or Pag-IBIG Fund Receipt shall be entitled to an incentive fee equivalent to 0.2% of the amount remitted provided he satisfy all the conditions required.
Common questions about Membership Contributions Remittance Form (MCRF)
Is there a penalty?
Such Employer shall be charged a penalty equivalent to 1/10 of 1% per day of delay of the amount due starting on the first day immediately following the due date until the date of full settlement.
Sources
[1] Membership Contributions Remittance Form (MCRF), Pag-IBIG Fund (HDMF), as served; the issuer publishes no file (the Official source link on this page).