PNB and PANELCO III Forge Partnership for Employee Retirement Program
[From left to right: PNB BH Jay Viduya – PNB Urdaneta City Branch, Trust Marketing Officer, JP Casamayor, PNB Area Head (NOL 6), Carlo Chua, Trust Portfolio Management Dept. Head, Francis Antonio San Luis, Corporate Trust Department Head 2, Ma. Socorro Unas, Corporate Trust Division Head Maita Galvez, Chief Trust Officer, Joy Jasmin Santos, PANELCO III General Manager, Engr. Allan Casem, PANELCO III Chairperson Dir. Roselle Teodosio, and the rest of PANELCO BOD members.]
Philippine National Bank (PSE:PNB), through its Trust Banking Group, and the Pangasinan III Electric Cooperative (PANELCO III) have recently formalized a partnership to establish a retirement program for PANELCO III’s 346 employees. The agreement was signed during a ceremony held at the PANELCO substation in Rosales, Pangasinan, on August 15, 2025.
“We believe that a well-managed retirement program is a cornerstone of employee welfare. This partnership reflects our shared commitment to securing the financial future of Filipino workers,” said PNB Trust Banking Group Head and Chief Trust Officer Jiah Santos. “We are honored to support PANELCO III in this meaningful endeavor.”
PANELCO III is a distribution utility dedicated to providing stable and reliable electricity to the eastern region of Pangasinan, covering 16 municipalities, including Urdaneta City
PNB’s Trust Banking Group administers and manages retirement funds for nearly 300 organizations nationwide. Its retirement fund service offers professional fund management designed to outperform benchmarks, thereby reducing employer contributions over time. Clients benefit from comprehensive and periodic financial reports that ensure transparency and clarity in fund performance.
The service also includes full implementation of each client’s Employee Plan Rules and Regulations, regular monitoring of fund strategy and performance, and access to timely investment insights and expert guidance. These are supported by extensive research from PNB’s in-house and partner investment advisers. Together, these features aim to deliver a secure, well-managed, and forward-looking retirement program.
This collaboration highlights PNB’s steadfast commitment to empowering organizations across the country by helping them secure the financial future of their workforce through sound retirement planning and fund management. As PNB strengthens its relationship with PANELCO III and other institutions, it reaffirms its role as a trusted financial partner in building a better future for Filipino workers.