Insurance Commission

BSP Update: Personal Equity and Retirement Account (PERA)

The maximum annual contribution to the Personal Equity and Retirement Account (PERA) has been raised from Php 100,000 to Php 200,000 for locally employed and self-employed individuals; and from Php 200,000 to Php 400,000 for Overseas Filipinos. Full story:

PERA was created under Republic Act No. 9505 to supplement state-based pension plans, such as the Government Service Insurance System and Social Security System, and employer-sponsored retirement plans. To know more about PERA: