The Philippine National Bank (PSE: PNB), through its Trust Banking Group, has partnered with Pangasinan III Electric Cooperative (PANELCO III) to establish a retirement program for the cooperative’s 346 employees.
The agreement was signed at PANELCO III’s substation in Rosales, Pangasinan, marking a key step in enhancing employee welfare through long-term financial security.
“We are honored to support PANELCO III in this meaningful endeavor,” said Jiah Santos, PNB Trust Banking Group Head and Chief Trust Officer, emphasizing the importance of well-managed retirement plans in securing the future of Filipino workers.
PANELCO III serves 16 municipalities in eastern Pangasinan, including Urdaneta City.
PNB’s Trust Banking Group currently manages retirement funds for nearly 300 organizations nationwide, offering services such as professional fund management, periodic financial reporting, plan implementation, and expert investment insights.
The collaboration underscores PNB’s continued efforts to support organizations in strengthening employee benefits and promoting financial resilience across the country.
