About PERAA
Our Mission
To provide adequate and affordable retirement programs to participating private educational institutions through the achievement of economies of scale from commonly managed funding and retirement arrangements, and by operating as a non-profit organization administered by a highly motivated and competent Board of Trustees.
Philosophy
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PERAA believes that teachers and employees of private education deserve a decent life at retirement through adequate lifetime income.
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PERAA believes that the retirement security of private school employees is the concern not only of the government, the institution, the employee, but also of responsible leaders in the private education sector.
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PERAA believes that effective preparation for successful retirement should start during active service.
Board of Trustees
ANTONIO S. SAMSON, S.J.
Chairman
President, Ateneo de Davao University, Ordained a Priest, 25 March 1973
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REYNALDO C. BAUTISTA
Vice-Chairman, PERAA Board of Trustees
Trustee at-large, Chairman-Emeritus, University of Baguio, Chairman, Center for Educational Measurement
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BERNADETTE M. NEPOMUCENO
President, PERAA
President, Sophia (Assn. of Women Presidents in the Philippines)
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VICENTE K. FABELLA
Trustee for National Capital Region (NCR)
President, Jose Rizal University, President, Philippine Association of Collegiate Schools of Business (PACSB)
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KAREN BELINA F. DE LEON
Trustee at-large
President, Misamis University, President, Rural Bank of Tudela (Misamis Occ.), Inc.
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ELIZABETH Q. LAHOZ
Trustee for Luzon
President, Technological Institute of the Philippines* effective 2003; Vice President, ASAIHL (Association of Southeast Asian Institutions of Higher Learning)
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ANTONIO F. MORENO, SJ
Trustee representing Catholic Educational Association of the Philippines (CEAP)
President, Ateneo de Zamboanga University, Ordained a Priest, 17 April 1993
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JOSE RAMON VILLARIN, SJ
Trustee for Mindanao
President, Xavier University (Ateneo de Cagayan), Ordained a Priest, 20 April 1991
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BEN MALAYANG III, MD
Trustee for Association of Christian Schools, Colleges and Universities (ACSCU)
President, Siliman University
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History of PERAA
The Private Education Retirement Annuity Association was formally organized on September 2, 1972 with the signing of the Trust Agreement. There were 22 founding members* of PERAA though only 14 institutions, who braved the gloomy weather, made it that night.
Established as a private, non-profit, employees' trust under the auspices of Fund for Assistance to Private Education, PERAA is the first comprehensive retirement program in the country. It was modeled after the Teachers Insurance Annuity Association - College Retirement Equity Fund or TIAA-CREF (the multi-billion dollar retirement system for teachers in the U.S.). Today, it has evolved into a solid, self-reliant association.
PERAA remains true to its mission of strengthening retirement security among human resources of private education.
* Founding Members
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Assumption Convent of Iloilo
Iloilo City
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Ateneo de Zamboanga University
Zamboanga City
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Cabanatuan City Colleges
Cabanatuan City
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Emmanuel College
General Santos City
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E.R.G. Memorial Colleges (frmrly. Arellano Memorial Colleges)
Malabon Metro Manila
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Foundation University
Dumaguete City
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Franciscan College of the Immaculate Conception
Baybay, Leyte
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Holy Angel University (frmrly. College)
Angeles City
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Jose Rizal University (frmrly. College)
Mandaluyong City
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Northern Christian College
Laoag City
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Pamantasan ng Araullo (frmrly. Araullo Lyceum)
Cabanatuan City
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San Nicolas College
Surigao City
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Southern Christian College
Midsayap, North Cotabato
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St. Columban College
Pagadian City
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Star of the Sea High School
Tukuran, Zamboanga del Sur
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Trinity University of Asia
(frmrly. Trinity College) Quezon City
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Union Christian College
La Union
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University of Luzon (frmrly. College)
Dagupan City
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University of Manila
Sampaloc, Manila
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University of Pangasinan
Dagupan City
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University of Saint Anthony (frmrly. St. Anthony College)
Iriga City
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Fr. Saturnino Urios University
(frmrly. Urios College) Butuan City
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