The Philippine Stock Exchange Inc. (PSE) has become the first listed company to adopt a Personal Equity and Retirement Account (PERA) program for its employees, according to Philstar Biz.
PERA is a voluntary retirement savings program established under Republic Act 9505, designed to supplement the state-run Social Security System and Government Service Insurance System. It offers tax incentives to encourage long-term savings among Filipino workers.
The move positions PSE as a pioneer among publicly listed companies in promoting employee retirement security. The adoption may set a precedent for other corporations to follow, potentially expanding PERA coverage in the private sector.