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: https://bit.ly/PERAcontriupdate
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: https://bit.ly/3HSLF2