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1.
TAX QUALIFICATION BY THE BIR
Earnings
and Retirement Benefits are tax-exempt. Employer's contributions
are tax deductible.
2. COMPETITIVE EARNINGS
As of April 30, 2007
Average - 10.69% (10-year Average)
14.19% (35-year Average)
3.
FLEXIBILITY of
institutional participation--
Option for Defined Contribution Plan (DCP), DCP plus Past
Service Benefits or DCP plus Reserve Fund; with flexibility
of plan provisions.
4.
FREE OF CHARGE SERVICES
Services
for retirement plan design, initial actuarial valuation, benefit
claim processing, record keeping, legal and information materials.
5.
WIDE MEMBERSHIP REPRESENTATION
in the PERAA Board.
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Associational
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PACU,
CEAP, ACSCU
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(3)
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Regional
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Luzon,
Visayas, Mindanao
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(3)
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National
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Members
at-large
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(3)
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Government
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Appropriate
gov't agency
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(1)
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PERAA
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President
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(1)
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6.
PERIODIC REPORT TO MEMBERS
Annual
Report on financial status to administrators and Individual Statements
of Fund (ISF) for each member-employee.
7.
PORTABILITY of PERAA
membership for employees who transfer to another Participating
Institution.
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