PhilStar-Oct 21

The Philippine Retirement Authority (PRA), an attached agency of the Department of Tourism (DOT), is set to re-assess the age requirement for foreigners seeking retirement in the country after senators raised job sufficiency and national security issues last Tuesday. “The Philippine Retirement Authority Board of Trustees will meet to re-assess the policy of allowing retirees at the age of 35,” Tourism Secretary Bernadette Romulo-Puyat said yesterday. Puyat, who chairs the PRA board, was responding to concerns raised by at least three senators during the budget hearing for the PRA, which has a policy of accepting foreign retirees as young as 35.

Established in 1985, the PRA is mandated to develop and promote the Philippines as a retirement haven as a means of accelerating the social and economic development of the country.

Read more at: https://www.philstar.com/headlines/2020/10/22/2051379/age-foreign-retirees-philippines-be-reassessed