Registration/Licensing of Pension Plans
SEC-NTD (Notice and Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • Jun 5, 2006
Full text
June 5, 2006 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF PERMANENT PLANS, INC., registrant REGISTRATION/LICENSING OF PENSION PLANS NOTICE AND ORDER Notice is hereby given that on May 25, 2006 a sworn registration statement other supporting documents were filed with the Securities and Exchange Commission for and on behalf of PERMANENT PLANS, INC., for the registration/licensing of additional pension plans worth P500,000,000.00 to be sold at the following contract prices based on annual mode of payment per P10,000 maturity value: Payment Term (Years) Type of Plan Decaplan 1 Ordinary 2 Comprehensive 3 Super Saver 4/ / Minimum Maximum Minimum Maximum Minimum Maximum Minimum Maximum Five(5) P3,415 P8,135 P3,905 P8,715 P4,305 P9,715 P15,835 P16,880 Seven (7) 4,578 8,323 4,354 9,331 N/A N/A N/A N/A Ten (10) 5,420 10,580 4,770 7,680 5,460 9,880 N/A N/A Note : Other modes of payment are disclosed in the actuarial study on file with SEC. Based on the documents filed, the following persons appear to be its officers and directors: Name Position JUAN MIGUEL M. VASQUEZ President & Chief Executive Officer EDWIN S. COSETENG Director JACINTO GAVINO Director JERRY ANGPING Director JACQUELINE S. LIM Director/Treasurer Said application and other documents attached thereto are open for inspection by interested parties during office hours, and photocopies thereof shall be provided upon written request and after payment of the required fees. cEaSHC Any person may file an opposition thereto within ten (10) days from date of last publication of this Notice and Order. Let this Notice and Order be published, at the expense of the corporation, in two (2) newspapers of general circulation in the Philippines once a week for two (2) consecutive weeks. SO ORDERED. EDSA, Mandaluyong City, Philippines. (SGD.) MERLE JOY B. PASCUAL Assistant Director Registration & Licensing Division Published in The Manila Times on June 8 & 15, 2006 .
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