CEAP Retirement Plan Celebrates Its Ruby Anniversary
Fund Level Pegged at Php 2.771 Billion
The CEAP Retirement Plan held its 9th Annual Assembly last September 10, 2008 at the Granada & Monte Clair Halls of Grand Men Seng Hotel in Davao City – in tandem with the Plan’s Ruby Anniversary – 40 years of quality and selfless service to its 640+ participating institutions and 34,500+ individual members.
This year’s theme, “CEAP Retirement Plan; Renewing Missions and Visions @ 40”, provided its stakeholders with the opportunity to revisit and reassess the Plan’s rationale and... read more»
Congratulations to the CEAP Ruby Awardees
On the 40th Anniversary of the CEAP Retirement Plan held at the Grand Men Seng Hotel in Davao City last September 10, 2008, Fr. Roderick C. Salazar, Jr., SVD, CEAP President, presented the CEAP Ruby Award to Sister Lioba Tiamson, OSB – Chairperson, CEAP Retirement Commission; Mr. Jose M. Santos – Vice President for Finance/Treasurer, Ateneo de Manila University; Fr. Redentor S. Corpuz-CEAP Region 4 Director; Mr. Nestor J. Lemana, Sr.-CEAP Director-ARMM; and Atty. Sabino R. Padilla, Jr.-CEAP Legal Counsel, in grateful appreciation of their years of service, selfless dedication to CEAP and her Retirement Plan, and their accompanying it as faithful stewards to what it is today.
 President’s Message
Fr. Roderick C. Salazar, Jr.,
SVD CEAP President
Forty. As we may have often heard it said, life begins at this age. Why that may be is not really explained. But if it is so, what were the years before, one wonders. Pre-life, perhaps? Or maybe, though there may have been life, the one that starts at 40 is meant to be different. At this point, it is probably assumed that one has matured, having gone through the toddler years, the teen-age span, the young adult stage from the 20s through the 30s, and now – Ruby.
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FAMI-CEAP INITIATIVE: Teaching Teachers to Invest
It is a well known fact that a country’s domestic savings rate plays a major role in economic development. The ability to mobilize long-term investments not only benefits the investor but other people as well. Long-term money provides for business expansion which in turn results in higher employment rate. With more employment comes higher disposable income which results in higher spending and more business activities. While this may be a simple overview, the bottom line is higher savings contribute to a stronger and more robust economy. read more»
CEAP Retirement Plan Adopts New Investment Guidelines
The CEAP Retirement Commission has put in place a general investment guidelines for the CEAP Retirement Fund, as recommended by its Investment Committee. This will assist and guide the Commission, as provided for in Section 1, Article VII of the Plan, in the discharge of its fiduciary responsibility to the Plan’s participating employers and members to exercise prudence and conservatism in the management of the Retirement Fund’s portfolio. read more»
Legal Forum
Legal issues in a question and answer format discussed during the 8th CEAP Retirement Plan Assembly. read more»
PERA Bill Signed Into Law
Republic Act 9505 – the Personal Equity and Retirement Account – was recently signed into law by President Gloria M. Arroyo. This paves the way for the establishment of a provident personal savings plan, which apart from promoting long-term savings would also develop the local capital market. read more»
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PERA For Your Retirement
Have you ever wondered how your life would be when you are retired? Not quite comfortable for millions of Filipinos if we look at the figures. As of June 2006, the monthly SSS pension of retirees ranged from P1,000 to P14,970. Since most SSS pensioners are at the lower end, the average monthly pension was a measly P2,546.00. For a sickly senior citizen this pitiful amount is probably just enough to buy medicine. If this is not bad enough, some studies say that SSS funds will only last until 2015; for GSIS it’s 2042. read more»
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CEAP Retirement Commission Approves Enhanced Total Disability Benefits and Death Benefits
During the 2nd quarter of 2007, the CEAP National Board, upon the recommendation of its Retirement Commission, approved the enhancement of the Plan’s total disability and death benefits. These were formally presented to the participating institutions during the Plan’s 8th Annual Assembly held in Cebu last September 2007. read more»
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