Retirement / Provident Fund Management
Employee Benefit Plans or more commonly known as “Retirement Funds” are funds set
up by companies for the benefit of its employees for the latter’s retirement or
separation from the company or when incapacitated, at some future date, with the
employee’s benefits entitled depending on the Plan Rules of the Company but no less
than what the governing Philippine Laws on Retirement Plans prescribe.
For Retirement Funds, SBC Trust is appointed to set up and/or manage the retirement
fund of the company for the purpose of providing compensation package/benefits for
its incapacitated, retired or separated employees. The Employee Retirement Plan
may either be a:
With Provident Fund Administration, company can leave the handling the monitoring
of contributory funds and the maintenance/administration of each participant’s subsidiary
ledger with SBC Trust.