Retirement and Pension Committee

Committee roles and responsibilities


The Retirement and Pension Committee oversees the fiduciary, administrative, investment portfolio, and other non-investment aspects of the Bank's retirement plan.


Committee Composition (Term 2021 -2022)


Chairman Aurelio R. Montinola III*
Non-Executive Director
MemberRené G. Bañez**
Non-Executive Director
Ramon R. Del Rosario, Jr.
Non-Executive Director

*Appointed as committee chairman on May 19, 2021

** Elected as new member of the committee on August 18, 2021


Committee Meetings


During 2020, the committee members attended meetings as set in the following table:


Office

Name

Date of Appointment

Attendance / Meetings

%

Years served on Committee

Chairman

Mercedita S. Nolledo1

April 06, 2006

4/4

100%

14.7

Member

Rebecca G. Fernando

March 31, 2009

4/4

100%

11.7

Member (ID)

Antonio Jose U. Periquet2

April 25, 2019

4/4

100%

1.7

1 Committee chairman until retirement on May 19, 2021
2 Committee member (ID) from April 2019 until April 22, 2021



Committee Performance


As part of the annual Board effectiveness review, a separate exercise was conducted to assess the Committee’s 2020 performance. The survey found the Committee to have performed its duties and responsibilities effectively.


Committee Charter


Click here to read the Retirement & Pension Committee charter.