PRA suspends processing of application for retiree’s visa

Robie de Guzman   •   October 23, 2020   •   407

MANILA, Philippines – The Philippine Retirement Authority (PRA) on Friday announced that it is temporarily stopping the processing of applications for new Special Resident Retiree’s Visa (SRRV).

In an advisory, the PRA said the processing of applications for SRRV will be suspended starting Oct. 23 “until further notice.”

“Pending the ongoing review of the Special Resident Retiree’s Visa (SRRV) Program and the Authority’s compliance with the directives set forth by the Philippine Retirement Authority’s Board of Trustees (BOT) during the Board Meeting held on Oct. 23, the public is hereby advised that the acceptance and processing of applications for new Special Resident Retiree’s Visa at the PRA head office and all satellite offices are suspended beginning Oct. 23 until further notice,” the advisory read.

“For servicing-related transactions of existing SRRV holders, kindly coordinate ith the Servicing Division at servicing@pra.gov.ph or telephone number +632-8848-1412 to 16 loc. 2007, 2009-2011, 2054, 2038, 2063,” it added.

The agency made the move after it was revealed during a Senate hearing that the PRA had been allowing foreign nationals as young as 35 years old to stay in the country.

It was also learned during the hearing that Chinese nationals are among the top foreign retirees in the country.

Data from the PRA showed there are a total of 70,520 foreign retirees in the Philippines. Of this number, Chinese nationals comprise the highest number of foreign retirees or about 40%.

This is followed by Korean retirees at around 14,000, and Indian nationals at about 6,000.

Several senators have urged the PRA to revisit its policies, do a background check, and implement a stricter vetting process “to lessen the probability of foreign nationals exploiting the special resident retiree visas.”

PRA urged to review policy allowing 35-year old foreign retirees in PHL

Robie de Guzman   •   October 22, 2020

MANILA, Philippines – Senator Nancy Binay has called on the Philippine Retirement Authority (PRA) to review its existing policies which allow retirees as young as 35 years old to stay in the country.

In a statement, Binay said the PRA should revisit its policies, do a background check and implement a stricter vetting process “to lessen the probability of foreign nationals exploiting the special resident retiree visas (SRRV).”

“It’s high time to review the policy na 35 years old ka lang ay pwede ka na mag-retire dito sa Pilipinas kasi ang kailangan lang po ng magre-retire ay either mag-deposit siya ng US$50,000 sa bangko, or bumili ng condo unit worth P2.5 million at pwede nang mag-retire dito,” she said.

Binay issued the call after some senators expressed alarm upon learning in a Senate hearing that foreigners aged 35 years old and above are eligible for the SRRV.

It was also revealed during the hearing that Chinese nationals are among the top foreign retirees in the country.

Binay also hit the “seemingly relaxed national security policy” on allowing Chinese nationals who are 35 years old, which she says falls in the bracket of the so-called “soldier’s age.”

“Siguro dapat dagdagan din ang security measure at baka dapat higpitan ang vetting process ng mga tatanggapin natin regardless of nationality,” she said.

She also said that she finds the PRA’s age limit concerning and noted how foreigners can exploit this to work in the country without going through the proper channels.

“Alam naman natin at 35 years old malakas pa po ang katawan niyan. Lalong-lalo po mayroon tayong problema ngayon na kung saan may issue tayo na apparently ang mga kababayan natin ay nagkakaroon ng job displacement pagdating dito sa pagpasok ng mga Chinese nationals sa ating bansa,” she said.

“Pwede (ang mga yan ay) nagtatrabaho sa POGO, or pwede rin po baka nandiyan sila sa Divisoria. Kaya nga po magandang tingnan at pag-aralan kasi baka kumbaga ginagamit nila itong paraan to circumvent the law na hindi sila puwedeng mag-trabaho dito,” she added

Data from the PRA showed there are a total of 70,520 foreign retirees in the Philippines. Of this number, Chinese nationals comprise the highest number of foreign retirees or about 40%.

This is followed by Korean retirees at around 14,000, and Indian nationals at about 6,000.

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