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The Personal Equity and Retirement Account Act (Republic Act 9505) was enacted in 2008 to provide lawful and regulatory framework for retirement plans, Specially for people contemplating voluntary individual financial savings and investments. The law presents a mechanism for the voluntary institution of a retirement account named individual fairness and Retirement Account for your exclusive use and good thing about the contributor for the objective of investing solely in PERA investment decision solutions while in the Philippines.
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