About Us
Background & History
Philippine Retirement Authority
PRA
Established: July 4, 1985
Legal Basis: Executive Order No. 1037
The Philippine Retirement Authority (PRA) is a government owned and controlled corporation created by virtue of Executive Order No. 1037, signed by former President Ferdinand E. Marcos on 04 July 1985. On 31 August 2001, through Executive Order No. 26, the control and supervision of PRA was transferred to the Board of Investments (BOI) – Department of Trade and Industry from the Office of the President. On 12 May 2009, Republic Act No. 9593, otherwise known as Tourism Act of 2009, PRA became an attached agency of the Department of Tourism and placed under the supervision of the Secretary.
| Year | Event |
|---|---|
| 1985 | Executive Order No. 1037 was signed then President Ferdinand E. Marcos. Its first Chairperson is former First Lady Imelda R. Marcos. |
| 1987 | The Philippine Retirement Authority enrolled its first SRRV holder, Mitsui Ono, while also renaming its original corporate name from Philippine Retirement Park System (PRPS) to Philippine Retirement Authority (PRA). |
| 1992 | The Philippine Retirement Authority became a self-sustaining government-owned and controlled corporation, acquired its own corporate office at the 29th Floor of Citibank Tower (now BDO Towers), and was awarded a Center for Excellence by the Civil Service Commission. |
| 1998 | On 31 August 2001 through Executive Order No. 26, the control and supervision of PRA was transferred from the Office of the President to the Board of Investment, Dept. of Trade and Industry. |
| 2001 | On May 12, 2009, through Tourism Act of 2009, the Philippine Retirement Authority became an attached agency of the Department of Tourism, launched its new logo and “Smile at Life in the Philippines” slogan, held the 1st Retirement Summit with Philippine Retirement Incorporated, established satellite offices in Baguio, Clark-Subic, Cebu, and Davao, while the retirement industry was declared a flagship project of the national government. |
| 2011 | The Philippine Retirement Authority launched and rebranded the SRRVisa product line through the SMILE Program, established its pilot International Correspondent Office (ICO) in China, introduced the PRA Best RADAR Award, and signed an agreement with PhilHealth. |
| 2016 | The Philippine Retirement Authority became ISO 9001:2015 certified, deployed new ICT systems, signed an agreement with INTERPOL, and executed a data-sharing agreement with the Bureau of Immigration. |
Mandate & Powers
Mandate
PRA is mandated to develop and promote the Philippines as retirement haven as a means of accelerating the social and economic development of the country, strengthening its foreign exchange position at the same time providing further best quality of life to the targeted retirees in a most attractive package.
Visa Administration
The PRA is the sole lead agency authorized to issue and manage the Special Resident Retiree's Visa (SRRV), which grants holders indefinite residency and multiple-entry privileges.
Investment & Deposit Guidelines
It prescribes and manages the required foreign currency deposits or investments needed to maintain SRRV privileges.
Policy Formulation
The PRA creates, implements, and evaluates guidelines to develop the retirement industry, while reviewing and setting the fees, charges, and assessments for enrollees.
Accreditation
It accredits retirement facilities, healthcare institutions, marketers, and partner merchants to ensure retirees receive preferential treatment, discounts, and high-quality services.
Government Interagency Coordination
It collaborates with other government agencies to streamline services and provide retirees with exemptions from Bureau of Immigration alien reporting, Travel Tax, and customs duties on personal effects.
Member Care & Advocacy
It oversees programs for community integration and support to assist retiree-members during their stay in the country.
Mission & Vision
Mission
To provide an attractive, responsive, and nurturing retirement program to global retirees.
Vision
Philippines as globally competitive and leading retirement destination in Southeast Asia by 2030.
Core Values
In pursuit of the PRA's Mission and Vision, the following CORE VALUES shall serve as the foundation of all our actions and the PRA organization culture.
Strategic Objectives
Adaptability
Sustainability
Compassion
Customer-Centricity
Culture Sensitivity
Strategy Map
2025 Approved Strategy Map
The Philippine Retirement Authority 2026 Strategy Map focuses on strengthening global retirement promotion, improving service efficiency through digital transformation, enhancing customer experience for retirees, ensuring financial sustainability, and building strong institutional capability to position the Philippines as a premier and competitive retirement destination.
Last Updated January 1, 2026
Organizational Chart
2017 Approved Organizational Chart
The Philippine Retirement Authority is organized in 2026 under a Board of Trustees and a General Manager, supported by key departments including Retirement Services, Marketing and Promotions, Finance and Administration, Legal and Compliance, Information and Communications Technology, and various support units such as Internal Audit, Planning and Policy Development, Customer Experience, and International Correspondence Offices to ensure efficient and effective delivery of retirement services.
Last Updated January 1, 2026
Governance
Board of Trustees Ex-Officio Members
Representative/Alternate Board of Trustees
Directory of Key Officials
Financial & Audit
Audited Financial Statements
Quarterly Reports
Corporate Operating Budget
Trial Balance
Performance KPIs
Performance
Programs
Special Resident Retiree’s Visa (SRRV)
A special non-immigrant visa issued by the Bureau of Immigration through the Philippine Retirement Authority. This visa allows retirees to enter, stay, and experience the Philippines as a great retirement destination.
KPI Stats
Performance Reports
Procurement & Bidding
Transparency Seal — Procurement Monitoring & Documents
Procurement Overview
7
Total Projects
₱101.2M
Total Budget (ABC)
₱101.2M
Contract Cost
₱0
Total Savings
7 Projects · Total Budget ₱101.2M
Procurement Documents
Documents
FOI manuals and governance documents
Documents
PRA ISO 9001:2015
Legal Disclaimer
Important information regarding the use of this transparency portal
The information contained on http://www.pra.gov.ph website (the "Service") is for general information purposes only. Philippine Retirement Authority assumes no responsibility for errors or omissions in the contents on the Service. In no event shall Philippine Retirement Authority be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. Philippine Retirement Authority reserves the right to make additions, deletions, or modification to the contents on the Service at any time without prior notice. Philippine Retirement Authority does not warrant that the website is free of viruses or other harmful components.