Contributions - HDMF Configuration

Welcome to Citicon Payroll and Accounting Systems Configuration for HDMF (Pag-IBIG) Contributions. This section allows you to set and manage the contribution rules for the Home Development Mutual Fund (HDMF), commonly known as Pag-IBIG, ensuring that both employer and employee shares are properly configured based on compensation levels and cutoff types.

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Key Purposes

1. Set Contribution Brackets: Define the minimum and maximum compensation levels that determine the HDMF contribution range.
2. Configure Employer and Employee Shares: Input the correct percentage or fixed value shares for both parties in accordance with government regulations.
3. Specify Cutoff Types: Align contribution settings based on different pay periods (weekly, semi-monthly, monthly) for payroll accuracy.
4. Support Yearly Updates: Manage annual changes in HDMF guidelines to remain compliant with statutory requirements.
5. Streamline Payroll Deductions: Ensure that HDMF contributions are correctly calculated and deducted automatically during payroll processing.

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Contributions - HDMF Module User-Manual

This section provides details, and set-by-step instructions to access, view, and update the Contributions - HDMF data stored in the system.

Index Page

To access the Contributions - HDMF Configuration. Go to Setup, select Configuration Settings, select HR & Payroll, then select Contributions - HDMF.

a. Adjust the paging, ordering, and sorting of the Contributions - HDMF Page here.
b. Select the Updated HDMF Contributions button to update the records shown.
c. Select the Contribution Type button to display which type of HDMF contribution you would like to be shown.
d. Search for specific record details using the search bar.

Update Records

1. Select the Updated HDMF Contributions button to update the records shown.
2. Select the Update button to refresh the records and show the updated data.

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