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
VICENTE K. FABELLA
TREASURER /
TRUSTEE (NCR)
President, Jose Rizal University
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FR. JOHN CHRISTIAN U. YOUNG
TRUSTEE (Mindanao)
Board Member, Father Saturnino
UriosUniversity;
Ordained Priest, July 1994
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KAREN BELINA F. DE LEON
TRUSTEE (at-large)
President, Misamis University;
President, Misamis Bank
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DR. PATRICIA B. LAGUNDA
TRUSTEE (Luzon)
President,
Baliuag University; Regional Vice President for Luzon, Philippine Association of Colleges and Universities
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FR. ROBERTO C.YAP, S.J.
TRUSTEE (at-large)
Board Member, Loyola School of Theology;
President, Ateneo de Manila University;
Ordained Priest, March 1992
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BR. RAYMUNDO B. SUPLIDO, FSC
TRUSTEE (at-large)
Member, De La Salle Brothers, Inc; Chairman of the Board, Lasallian Supervised Schools Association, Inc.; Trustee, various De La Salle Schools; Board Member, St. Paul University Iloilo; Board Member, Philippine Catechetical and Rel. Educ. Foundation (PhilCare)
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BR. JOAQUIN SEVERINO S. MARTINEZ, FSC, D. MIN
TRUSTEE (Visayas)
PRESIDENT, University of St. La Salle
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BR. BERNARD S. OCA FSC
TRUSTEE (at-large)
President, De La Salle-Araneta 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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