REGULATORS have doubled the maximum yearly contributions for the Personal Equity and Retirement Account (PERA) program, the Bangko Sentral ng Pilipinas (BSP) announced on Monday, in a bid to encourage more Filipinos to prepare for when they finally leave the workforce.
The annual limits for the voluntary retirement savings program were raised to P200,000 from P100,000 for locally employed and self-employed individuals, and to P400,000 from P200,000 for Filipinos working abroad, the BSP said in a statement.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.