Who issues a Member’s Contribution Remittance Form (MCF)?
A Member's Contribution Remittance Form (MCF) is a form created by the Home Development Mutual Fund (HDMI), which is also well-known as the Paging Fund. The fund was founded to establish a national savings program and assist Filipino workers to acquire their dwelling. Therefore, the HDMI provides its members short-term loans and access the affordable housing programs.
Why should I use Member’s Contribution Remittance Form?
The MCF Form must be submitted by an employer when any remittances to Paging Fund or their respective agent are being made on a certain payment schedule established in Provision B of the form’s guidelines and instructions.
Is Member’s Contribution Remittance Form accompanied by other forms?
The HDMI Member’s Contribution Remittance Form is a self-sustained form that does not need any supporting documents.
When is Member’s Contribution Remittance Form due?
As it has been mentioned, there is an established schedule of the MCF submission. The criteria that to be paid attention to while choosing which due date should be followed is the first letter of business/employer name. So, one of these due dates must be applied:
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10th to the 14th day of the month (for letters A to D);
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15th to the 19th day of the month (E to L);
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20th to the 24th day of the month (M to Q);
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25th to the end of the month (R to Z).
How do I fill out Member’s Contribution Remittance Form?
There is a very detailed instruction placed on the second page of the Form that should be followed in an accurate way.
Where do I send Member’s Contribution Remittance Form (MCF)?
The completed form shall be remitted to the Paging Fund prior to the due date.
