PRA to amend retirement policies, suspends processing of SRRV applications

Home /

News and Updates

The Board of Trustees of the Philippine Retirement Agency (PRA), an attached agency of the Department of Tourism (DOT), has directed the PRA to suspend the issuance of the Special Retirees Residence Visa (SRRV) pending the review and amendments of the policies on age and visa deposit requirements.

In a special meeting today, 23 October (Friday), the Board directed the PRA to review its policies on the minimum age and dollar deposit requirements, and the conversion of these deposits into allowable investments. Pursuant to its current policy, which had been implemented since 1993, the PRA accepts retirees that are at least 35 years old.

Based on the previous directives of Secretary Bernadette Romulo-Puyat, who serves as PRA Board Chairperson, the PRA will likewise implement an enhanced program to regularly monitor the profile and activities of active SRRV holders in coordination with other government agencies, such as the Bureau of Immigration (BI), Department of Justice (DOJ), and the Department of Labor and Employment (DOLE).

The PRA was also directed to coordinate with the Tourism Promotions Board (TPB) for the formulation and review of PRA’s marketing and product development plans, and the benchmarking of its retirement program with other countries.

The Board directed the suspension of the acceptance and processing of applications to join the SRRV program, and issuance of SRRV, pending PRA’s compliance with the above-cited directives.

The Board agreed to reconvene on November 6, 2020 to tackle these urgent policy reforms.

Published:January 8, 2021

News and Updates

PRA to amend retirement policies, suspends processing of SRRV applications

Recent News

PHILIPPINES AND ISRAEL STRENGTHEN TOURISM TIES WITH SIGNING OF JOINT DECLARATION OF INTENT

PHILIPPINES TRIUMPHS WITH FOUR WINS AT THE 2024 WORLD TRAVEL AWARDS GRAND FINAL GALA CEREMONY

FRASCO BREAKS GROUND ON BOLINAO’S LEGACY OF THE SEA’ PROJECT, HIGHLIGHTS LOCAL PERSPECTIVE IN TOURISM GOVERNANCE

PHILIPPINES HIGHLIGHTS GASTRONOMY TOURISM INITIATIVES AT UN TOURISM WORLD FORUM IN BAHRAIN

PHILIPPINES GENERATES PHP 436 MILLION IN SALES LEADS AT WORLD TRAVEL MARKET 2024 LONDON

FRASCO BREAKS GROUND ON ANTIQUE TRA, UNDERSCORES SUSTAINABLE TOURISM DEVELOPMENT

FRASCO FORGES COMMITMENT TO MAKING PH AN INT’L GASTRONOMIC HUB; ANNOUNCES HOSTING OF THE INAUGURAL TERRA MADRE ASIA PACIFIC 2025

FRASCO RALLIES TO POSITION PHL AS CRUISE TOURISM HUB, GATEWAY TO SOUTHEAST ASIA

SENATORS APPLAUD FRASCO’S TOURISM INITIATIVES; ADVOCATE FOR HIGHER FY 2025 BUDGET FOR DOT

DOT SECRETARY FRASCO RECOGNIZED AS ONE OF MARCOS ADMINISTRATION’S TOP-PERFORMING CABINET OFFICIALS ANEW FOR 2024

PHILIPPINES HOSTS SEATRADE CRUISE ASIA 2024 TO BOLSTER CRUISE TOURISM LEADERSHIP

DOT CHIEF JOINS GLOBAL TOURISM LEADERS AT WTM MINISTER’S SUMMIT 2024 IN LONDON

DOT, TPB TO LEAD PHILIPPINE DELEGATION TO WORLD TRAVEL MARKET 2024 LONDON

CARAGA’S HIDDEN GEMS SHINE IN THE PHILIPPINE EXPERIENCE PROGRAM’S 10TH EDITION

DOT PROVIDES ASSISTANCE TO STRANDED TOURISTS AFFECTED BY TROPICAL STORM KRISTINE

SECRETARY FRASCO HIGHLIGHTS LGUS’ ROLE TO TOURISM DEVELOPMENT, SUSTAINABILITY AT LMP VISAYAS ISLAND CLUSTER CONFERENCE

PREPARING FOR TOURISM BOOM: DOT, PHOA ROLL OUT ACTION PLAN TO MEET 456K PROJECTED ROOM KEYS DEMAND BY 2028

DOT HOSTS INTERNATIONAL HEALTH AND WELLNESS TOURISM CONGRESS TO POSITION THE PHILIPPINES AS A PREMIER HEALTH TRAVEL DESTINATION

FRASCO SHOWCASES THE PHILIPPINES’ PUSH FOR SUSTAINABLE GASTRONOMY TOURISM AT THE 24TH WTTC GLOBAL SUMMIT

FOSTERING PH-AUSTRALIA TOURISM GROWTH: DOT HOSTS ‘LOVE THE PHILIPPINES’ FORUM IN PERTH

DOT THANKS GLOBAL TRAVELERS, CALLS FOR RESPONSIBLE TOURISM FOLLOWING CONDE NAST TRAVELER’S RECOGNATION OF PH AS TOP ISLANDS IN ASIA

PH, SOKOR TOURISM COOPERATION IMPLEMENTATION PROGRAM TO EXPAND TOURISM TIES

ANGELES CITY, PAMPANGA HAILED AS BEST EMERGING CULINARY CITY DESTINATION IN ASIA

TOURISM PROMOTIONS BOARD WINS BEST NATIONAL TOURISM ORGANIZATION IN ASIA AT TTG TRAVEL AWARDS 2024

PH SHOWCASES CULINARY HERITAGE AT TERRA MADRE SALONE DEL GUSTO 2024

FRASCO WELCOMES CONTINUED LOVE FOR PH TOURISM CAMPAIGN: LOVE THE PHILIPPINES

PHILIPPINES SECURES THREE NOMINATIONS AT ASIA’S BEST OF BEST AWARDS

PHILIPPINES AIMS TO DEFEND TITLES WITH MULTIPLE NOMINATIONS FOR 2024 WORLD TRAVEL AWARDS FOLLOWING SUCCESSFUL ASIA AND OCEANIA GALA CEREMONY

DOT CELEBRATES AUSTRALIA’S RECOGNITION OF THE PHILIPPINES AS TOP CHOICE FOR TRAVEL DESTINATION

FRASCO RETURNS TO SULU, LEADS GROUNDBREAKING OF TOURIST REST AREA

DOT BREEZES THROUGH HOUSE PLENARY WITH UNANIMOUS APPROVAL OF FY 2025 BUDGET

DOT MAINTAINS ISO CERTIFICATION FOR 7TH STRAIGHT YEAR; MAINTAINS HIGHEST STANDARDS OF GOVERNMENT SERVICE

DOT CHAMPIONS INCLUSIVE TOURISM IN BORACAY ISLAND WITH LAUNCH OF FIRST-EVER MUSLIM-FRIENDLY COVE FOR TRAVELERS AND FAMILIES

FRASCO RECEIVES TRANSFORMATIONAL LEADER AWARD IN TOURISM GOVERNANCE FROM WTA

PHILIPPINES SUCCESSFULLY HOSTS WORLD TRAVEL AWARDS 2024, BAGS EIGHT AWARDS

DOT, DOST INK AGREEMENTS ON SCIENCE-BASED INNOVATIONS TO BOOST PH TOURISM

ILOILO’S FIRST TOURIST REST AREA TO FURTHER BOOST WESTERN VISAYAS TOURISM

ANOTHER FIRST: PHILIPPINES TO HOST THE WORLD TRAVEL AWARDS IN SEPTEMBER

SOLONS LAUD DOT’S EFFORTS TO BOOST HALAL TOURISM

DOT CHIEF PROPOSES 24/7 TOURIST COURTS IN THE PHILIPPINES

DOT HIGHLIGHTS PHENOMENAL PERFORMANCE OF PHILIPPINE TOURISM IN FY 2025 BUDGET HEARING; INDUSTRY’S SUCCESS FUELS LAWMAKERS’ CALL FOR HIGHER BUDGET

DOT STRENGTHENS PROMOTION OF OPPORTUNITY MARKETS TO ACHIEVE 2024 TARGETS; FURTHERS TOURISM OPPORTUNITIES UP TO THE FARTHEST PH ISLANDS

PHILIPPINES BARES PLANS FOR WORLD EXPO 2025 OSAKA, KANSAI, JAPAN

FIRST EVER MODIFIED ECO-FRIENDLY TOURIST REST AREA TO RISE IN BICOL REGION

DOT, DOH SIGN DEAL TO BULD PHILIPPINES’ FIRST EVER TOURIST FIRST AID FACILITIES

TOURISM CHIEF REAFFIRMS COMMITMENT TO BRING MORE GAINS FOR PH TOURISM; THANKS PBBM FOR HIGHLIGHTING THE INDUSTRY AS AN ECONOMIC PILLAR IN THE 3rd SONA

EXCEEDING EXPECTATIONS: PHL TOURISM RECORDS HIGHEST GROWTH EVER UNDER MARCOS ADMINISTRATION

PHILIPPINE TOURISM AWARDS APPLICATION EXTENDED TO 31 JULY 2024

DOT HAILS INCLUSION OF APAYAO AS ONE OF THE PHILIPPINES’ “BIOSPHERE RESERVES” BY UNESCO

PHILIPPINES WINS PRESTIGIOUS BEST PORTS OF CALL 2024 AWARD AT 10TH ASIA CRUISE AWARDS, ANNOUNCES LAUNCH OF VISA WAIVER PROGRAM

DOT BRINGS BACK DAVAO DIVE EXPO

PHILIPPINES LAUDED FOR “IMPRESSIVE” HOSTING OF INT’L FORUM ON GASTRONOMY TOURISM

PHILIPPINES SUCCESSFULLY HOSTS FIRST UN TOURISM REGIONAL FORUM ON GASTRONOMY TOURISM FOR ASIA AND THE PACIFIC

PUTTING THE SPOTLIGHT ON PHILIPPINE GASTRONOMY: A CULINARY SHOWCASE AT THE UN TOURISM FORUM

ALL SYSTEMS GO FOR PHILIPPINES’ HOSTING OF UN TOURISM MEETINGS IN CEBU: FRASCO

DOT CHIEF HIGHLIGHTS “PHENOMENAL PERFORMANCE” OF PHILIPPINE TOURISM AT INVESTMENT SUMMIT

TOURISM EMPLOYED 6.21 MILLION FILIPINOS IN 2023; GROWTH OF TOURISM INDUSTRY SHARE TO GDP HIGHEST IN 24 YEARS

PHILIPPINE DEPARTMENT OF TOURISM GAINS BACK-TO-BACK WINS AT GOVMEDIA CONFERENCE & AWARDS 2024

DOT CHIEF: INTRAMUROS TOURIST CENTER TO ELEVATE TOURISM EXPERIENCE IN THE WALLED CITY

DOT APPLAUDS LEGISLATIVE EFFORT TO ENHANCE PROTECTION AND MANAGEMENT OF CHOCOLATE HILLS, AS THE WORLD CELEBRATES ENVIRONMENT DAY ON JUNE 5

PHILIPPINES TO HOST THE 1ST EVER UN TOURISM GASTRONOMY FORUM

PHILIPPINES AND BRUNEI DARUSSALAM SIGN LANDMARK AGREEMENT TO BOOST TOURISM COOPERATION

FUSING MILITARY HERITAGE WITH CULTURAL TOURISM WHILE INCREASING SAFETY AND SECURITY OF TOURISTS AT THE WALLED CITY

PBBM, FRASCO LEAD INAUGURATION OF TOURIST REST AREA IN PAGUDPUD

DOT, GO NEGOSYO HONOR ENTREPRENEURS, TRAVEL INFLUENCERS IN TOURISM SUMMIT 2024

FRASCO BACKS UPGRADE TO PHL AIRPORTS, PUSHES FOR THE DEVELOPMENT OF SECONDARY GATEWAYS

51 CENTRAL LUZON TOUR GUIDES RECEIVE OVER P2.55M WORTH OF FREE INSURANCE COVERAGE, AND TOUR GUIDING KITS FROM TOURISM CHIEF TO CELEBRATE 51ST FOUNDING ANNIVERSARY OF DOT

FRASCO HIGHLIGHTS ROLE OF GASTRONOMY TOURISM IN GLOBAL FORUM; BARES EFFORTS TO PUSH FOOD TOURISM IN PH

TOURISM CHIEF BARES PLAN TO LAUNCH TOURIST FIRST AID FACILITIES, ADD HYPERBARIC CHAMBERS IN PH

DOT BRINGS LISTENING TOURS TO MIDDLE EAST TRAVEL AND TOURISM PARTNERS, POSITIONS PHL AS “MUSLIM- FRIENDLY” DESTINATION

TOURISM CHIEF THANKS PBBM FOR “CHIBOG TOURISM” ENDORSEMENT ALIGNING WITH DOT GASTRONOMY TOURISM PROMOTION

DOT, TPB TO LEAD PHL DELEGATION TO ARABIAN TRAVEL MARKET AND SEOUL INTERNATIONAL TRAVEL FAIR 2024

SAMAR PROVINCE, DOT TOUT 3 NEW TOURISM CIRCUITS

DOT CHIEF: PHILIPPINES RECEIVES 2 MILLION INTERNATIONAL VISITORS; TOURISM RECEIPTS HIT PHP158 BILLION IN THE FIRST THREE MONTHS OF 2024

PH FORGES EXPANDED TOURISM TIES WITH QATAR

PBBM LAUDS WINNERS OF DOT’S TOURISM CHAMPIONS CHALLENGE; RAISES FUNDING FOR LGU INFRA PROPOSALS TO P255M

DOT UNVEILS TOURIST REST AREA IN PALAWAN