Leading cooperative in Mountain Province taps PNB for Employees’ Retirement Fund

The Philippine National Bank (PSE: PNB), through its Trust Banking Group, and the Mountain Province Electric Cooperative, Inc. (MOPRECO) recently signed an agreement to establish a retirement program for MOPRECO’s employees. The signing ceremony was held at MOPRECO’s main office in Bontoc, Mountain Province earlier this year.

Established in 1974, MOPRECO provides electric service to the 10 municipalities of Mountain Province: Barlig, Bauko, Besao, Bontoc, Natonin, Paracelis, Sabangan, Sagada, Sadanga, and Tadian. As of date, the cooperative has 77 regular employees.

PNB has been providing retirement fund administration and management services to nearly 300 organizations nationwide, with a total portfolio volume exceeding ₱23 billion. Through its retirement fund service, the Bank offers professional fund management that aims to outperform benchmarks, thereby helping reduce employer contributions over time. Clients also benefit from periodic and detailed financial statements that ensure transparency and clarity in fund performance.

The service includes full implementation of a client’s Employee Plan Rules and Regulations, along with regular monitoring of fund strategy and performance. Clients are also given access to timely investment insights and expert advice, supported by extensive research conducted by PNB’s in-house and partner investment advisers. All these elements are designed to provide clients with a secure, well-managed, and forward-looking retirement program.

This partnership reflects PNB’s continued commitment to empowering organizations across the country by helping them secure the financial future of their employees through sound retirement planning and fund management. As it strengthens its relationship with MOPRECO and other entities, the Bank reaffirms its role as a trusted financial partner in building a better future for Filipino workers.