Equivalent to a maximum of P25,000 or 80% of the borrower's personal AV whichever is lower.

b. Minimum Death Benefit (MDB)

An additional protection for beneficiaries of deceased members who have very low accumulative value equivalent to P15,000 to P85,000.

c. Group Life Insurance Benefits

At PI's option; one year coverage with 10 plans to choose from; convertible to individual life policy (in case of resignation); in case of accidental death, double indemnity is provided which is double insurance benefit.

How to apply for Benefits

Accomplish the benefit application forms available in PDF for Downloading (See Forms)



How to establish a Reserve Fund

The Reserve Fund is a separate account from the individual accounts of members and maintained under the name of the school. It is established to fund the deficiency between the computed retirement benefits of a qualified employee and his/her employer's accumulated share at the time of retirement. The school should submit a letter of intent to PERAA regarding its decision to establish a Reserve Fund. The amount to be established for the fund is determined through an actuarial valuation.

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