CEAP Retirement Plan Assembly – Now On Its 10th Year
The CEAP Retirement Plan held its Annual Assembly at the Maynila Ballroom of the Manila Hotel last September 15, 2009.
Now on its 10th year, it was able to achieve its objective of bringing together under one roof all of the Plan’s stakeholders and institutional partners, with the aim of not only to foster goodwill and camaraderie but also to be a source of information not only on matters affecting the Plan and its Fund as it relates to administration and financial, legal and tax issues but also on significant social/moral issues of the day... read more»
Chairman’s Address – 10th CEAP Retirement Plan Assembly - Manila
 Sister Lioba Tiamson, OSB, Chairperson of the CEAP Retirement Commission, delivering her message.
A pleasant good morning to all of our Assembly delegates. I am elated by your presence and support that you’ve extended to the CEAP Retirement Program.
Last year in Davao, we celebrated our Plan’s Ruby anniversary with a bit of nostalgia as we traveled down memory lane and relived how the Plan came about and what it is today. This morning’s Assembly will be a continuation of where we left off, only this time as we celebrate the Plan’s 41st year, our focus will be on how to make the Plan even more responsive and service-oriented to you, our stakeholders.
This year’s theme is “Challenges and Opportunities Amid A Global Financial Slowdown”. In the light of 2008 global economic and financial malaise not seen since the Great Depression of the 1930s, this annual gathering hopes to provide the delegates a template on responsible stewardship of schools’ financial resources... read more»
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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Snapshots from 10th CEAP Retirement Plan Assembly - Manila
At the lobby of the Manila Hotel, announcing the 10th CEAP Retirement Plan Assembly.
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Ms. Lynda C. Garcia, doing the emceeing chores.
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A view of the Maynila Ballroom, Manila Hotel with delegates in attendance.
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Amended CEAP Retirement Plan Approved
The amendments to the CEAP Retirement Plan was formally approved by its Participating Employers during the CEAP Retirement Plan Assembly held at the Maynila Ballroom, Manila Hotel last September 15, 2009. Please see complete text... read more»
CEAP Retirement Fund Breaks P 3 Billion Mark
As the Fund ended the first 2 months of its new Fiscal Year ( May and June 2009), its market value stood at P 3.001 Billion. This is another milestone for the Fund, having previously breached the P 1 Billion and P 2 Billion mark in 2000 and 2005 respectively. Its growth has been steady, an average increase in Fund level of P 200 Million during the last 5 years... read more»
Plan Orientation Updates
An orientation on the CEAP Retirement Plan was conducted by the CEAP Retirement Plan Office last August 26, 2009 with the employees/staff of Universidad de Sta. Isabel – Mother Seton Hospital (USI-MSH) in Naga City, with emphasis on the Plan’s core objectives of advocacy, stability, service, assembly, interactivity and mobility.
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Sister Dolores C. Cornejo, DC – USI-MSH Vice President for Health Services, presenting a Certificate of Appreciation to Renato Maria L. Aseneta, Director of the CEAP Retirement Plan Office.
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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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THE HOWs AND WHYs OF RETIREMENT
PREPARING FOR THE FUTURE
There is a saying that “life is what happens to us while we are making other plans.” The middle and later years of one’s life can be the most enjoyable and productive years of a person makes plans for what the rest of his life will be. The best time to do this is during the middle years when children have been reared, family responsibilities are diminishing and the search for self may be intensifying.
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RETIREMENT AGE
AGE IS JUST A NUMBER.
So says the advertisement of some products that target people whose ages are not included in the numbers list of the 6/49 lotto or are entitled to use the (honorific?) title of senior citizen.
The age when a person is obliged to retire from active employment depends largely on the population profile of a country.
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| Deep in Consumer Debt? SMILE! |
Debt is death to those who abuse it. But what are you to do if you find yourself buried under a ton of consumer debt?
Well, the last thing that you should do is to frown to the point of making your eyebrows appear like they’re shaking hands. On the contrary, the first thing that should do is SMILE!
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| CIRCULAR - Monthly Contributions to the CEAP Retirement Fund |
In a resolution passed by the CEAP Retirement Commission, all Participating Employers are required to contribute monthly to the CEAP Retirement Trust Fund for the credit of your academic and non-academic employees an amount equal to 4% of their basic salary, as provided for in Section 2, Article VI of your CEAP Retirement Plan. read more»
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| CIRCULAR - Voluntary Contributions to the CEAP Retirement Fund |
In the midst of the prevailing global financial crisis, the CEAP Retirement Commission invites your academic and non-academic employees, who are active participants of the CEAP Retirement Plan, to participate in a pro-active savings program within the Fund. The twin objectives of this savings program is to promote the value of savings and as a mechanism to complement whatever benefits they will receive from the Plan upon separation or retirement. read more»
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| JOIN
CEAP RETIREMENT PLAN |
We are
pleased to announce that all CEAP-accredited Member
Schools are qualified to join the CEAP Retirement Plan.
For more information, please refer to the read more».
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| CEAP Appoints New Retirement Commission Member |
Sister Teresita Canivel, MIC has been appointed as Member of the CEAP Retirement Commission. After being the School Directress for 19 years, she is currently the Finance & Development Administrator of the Immaculate Conception Academy in Greenhills, San Juan.
Ms. Mary Jeannette C. Amantoy has been appointed as Member of the CEAP Retirement Commission and its Investment Committee. She is a finance executive with more than 20 years professional work experience in the Philippines, Hongkong and Indonesia. She is currently the Associate Director for Finance of Miriam College.
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New Participating Institutions
May 2008 to April 2009 |
Region 3
Anao Catholic School
Poblacion, Anao, Tarlac
Region 4
Maragondon Parochial School, Inc.
Poblacion 1A, Maragondon, Cavite
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An Appeal For A Better Philippines
by Bro. Manuel V. De Leon, FMS
former Chairperson, CEAP Retirement Commission
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