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Corporate
Retirement Plan
Take
advantage of Philamlife's Corporate Retirement Plan and gain
definite tax privileges and service extras!
- Our
Corporate retirement plan complies with two laws:
-
Republic
Act 7641, which requires that an employee retiring
at age 60 must receive from his employer a retirement
benefit of at least 75% of his final monthly basic
salary per year of service; and
-
Republic
Act 4917, which establishes the tax advantages for
a company.
-
On
top of the basic plan design, we can provide other benefit
features such as death, disability and separation benefits.
-
Philamlife
serves as the Administrator of your plan. Our Trustee
bank/s will manage and invest your fund.
-
As
the Administrator, we spare you from the burden of developing
and administering your retirement program, allowing you
to devote your time (to do what you do best)-manage your
business.
-
Moreover,
your plan enjoys the expertise of not just one, but possibly
an entire panel of Actuaries! To assure the financial
soundness of your retirement plan, our Actuaries hold
periodic reviews and valuations.
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