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 2022 -2023)

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

During 2021, the committee members attended meetings as set in the following table:

Office	Name	Date of Appointment	Attendance / Meetings	%	Years served on Committee
Chairman	Aurelio R. Montinola III	May 19, 2021	4/4	100%	0.7
Member	Rene G. Bañez	Aug. 18, 2021	3/3	100%	0.5
Member	Ramon R. Del Rosario, Jr.	Apr. 22, 2021	4/4	100%	0.7
Member	Rebecca G. Fernando¹	Mar. 31, 2009	2/2	100%	12.0
Chairman	Mercedita S. Nolledo²	Apr. 06, 2006	1/1	100%	15.0
Member	Antonio Jose U. Periquet³	Apr. 25, 2019	1/1	100%	2.7

¹Committee member until Aug. 17, 2021
²Committee member until May 18, 2021
³Committee member until Apr. 21, 2021

Committee Performance

As part of the annual Board effectiveness review, a separate exercise was conducted to assess the Committee’s 2021 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.