Defining the News
Knowing of my current role as head of the Philippine Retirement Authority, a good friend of mine, Michele Mitschiener Hoeflich, Hong Kong’s leading PR guru, shared a brilliant thought with me. She said that people at retirement age should never be referred to as “retired” because it has such a negative connotation.
The world’s population of “ageless dreamers” continues to increase through the years. This is why the Philippine Retirement Authority is leaving no stone unturned to make our country the leading haven in Asia for this steadily increasing multitude from all over the world, seeking a new home in their golden years.
To avail of the SRRV, there are a number of options. Foreign nationals who are 50 years old and above are qualified to apply. If they do not receive a pension from their country of origin, they are required to make a visa deposit of $20,000 in any of PRA’s seven accredited banks. If the applicant receives a pension , the required visa deposit is only $10,000.
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