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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:

	Pension Fund
			A retirement plan where only the employer is required to contribute to the Fund and the benefits to be received by employees are defined.

	Provident Fund
			A benefit plan where both the company or their employees or both, make fixed contributions. The fund accumulated is eventually distributed to separated or incapacitated employees of those qualified for retirement.

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.

Retirement / Provident Fund Management

Trust Services