Retirement Benefits Administration

By helping define the most suitable benefit structure and retirement fund solutions, we help build trust and goodwill between an employer and their employees. We provide consulting and administration services to mitigate risks as a consequence of future liabilities, and ensure the efficient delivery of employee benefits in compliance with the Retirement Plan. MCG provides these services on the Defined Contribution Plans of more than 35 leading domestic and multinational companies, including 3 of the largest global financial institutions based in the Philippines.

We design retirement plans, whether these are Defined Benefit or Defined Contribution schemes, in alignment with strategic human resource policies of Clients. These services include:

  • Drafting proposed retirement plan provisions or amendments to an existing plan
  • Determining the plan’s funding policy in line with corporate financial strategy by means of an actuarial valuation
  • Assistance in filing for the BIR tax-qualification status of the retirement plan
  • Monitoring plan costs through periodic actuarial valuations and studies