Retirement Plan - what is a Retirement Plan?
One would question, " How much would it cost to retire?" So it is important for one to
save up for his retirement by having a retirement plan because it is one way of securing one's financial stability when he retires. Who can set up a retirement plan? A retirement plan or program can be a contentious effort
between an employee and his employer, the employees or by the company itself. The Philippine government is supportive of setting up a retirement environment by implementing Republic Act 7641 and exempting the retirement
benefits from tax as well as its investment earnings when placed as a trust fund.
Existing Philippine Laws on Retirement Plan
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