SEC. 21.Substitute Retirement Plan.- A private employer shall have the option to treat the coverage by the Fund as a retirement plan for the employee concerned, within the purview of the Revised Labor Code of the Philippines, subject, however, to any existing collective bargaining on the matte...
pay is not suffi cient to settle the outstanding balance of my multi-purpose loan or my employer fails, for whatever reason, to deduct the same from said retirement and/or separation pay in settlement of the outstanding balance of my multi-purpose loan, I hereby authorize Pag-IBIG Fund to...