What is PERA?
Personal Equity and Retirement Account or PERA is a voluntary retirement saving program that supplements the existing retirement benefits from Social Security System, Government Service Insurance System and employers. This is a powerful tool for ensuring financial security upon retirement and promoting a comfortable life during sunset years.
*Republic Act No. 9505 otherwise known as the “Personal Equity and Retirement Account (PERA) Act of 2008”, is the Philippine version of similar laws covering retirement savings vehicles common in more advanced countries.