Employee Benefit Planning
Based on Republic Act No. 7641 (RA 7641) or the Retirement Pay Law, all private corporations, except retail, service and agricultural establishments employing not more than ten (10) employees or workers, are required to give retirement benefits to their regular employees aged sixty (60) years old and who have rendered at least five (5) years of continued service.
Aside from complying with the requisites of the law, setting up a retirement/employee benefit fund will also enable the company to avoid unnecessary cash flow disruptions brought about by the payment of retirement benefits, not to mention possible direct cash benefits by way of tax savings.
When deciding to establish a retirement/employee benefit fund, consider China Bank – Trust Group as your professional and reliable partner.
As your Trustee / Fund Manager, the scope of our services will include :
Collateral and Mortgage Trusteeship
China Bank – Trust Group can act as an impartial intermediary or trustee between a corporate borrower or issuer of bonds/notes and the participating lending institutions. Our services include:
Facility Agency Services
For large corporate borrowers, China Bank – Trust Group can act as facility agent in behalf of the company’s creditors/noteholders. A facility agent we will provide the following services:
Investment Management Arrangement
An arrangement wherein funds and assets are professionally managed by the China Bank – Trust acting as Investment Manager based on a customized portfolio design that considers the client’s investment objectives, liquidity requirement, yield expectation and risk tolerance, among others. The client may choose to make all the investment decisions on his own or to allow the Investment Manager to exercise full discretion to invest his assets according to established portfolio objectives. As an agency arrangement, legal title over the assets remains under the name of the client. There are two types of investment management arrangement to choose from depending on the level of investment discretion that the client is willing to grant to China Bank – Trust :
Whatever option the client chooses, he can be assured that China Bank – Trust will be with him every step of the way, to provide guidance in making investment decisions and to help optimize the potential earnings of investible funds.
For more details, please call Trust Group - Business Development Unit at (632) 885-5878, 885-5867, 885-5862, 885-5858.