PNB partners with Ilocos Sur Electric Cooperative for employees’ retirement fund

[From left to right: PNB Candon City-National Hi-Way Branch Head Araceli B. Pascua, PNB Trust Marketing Officer JP Casamayor, PNB Corporate Trust Division Head Maita Galvez, ISECO GM Lawrence A. Severo, BOD President Graciano R. Cabagbag, Jr., BOD member Maria Corazon Dalit, and BOD member Oliver Pacada]

Philippine National Bank (PSE: PNB), through its Trust Banking Group, has formalized a partnership with the Ilocos Sur Electric Cooperative (ISECO) to establish a retirement program for the cooperative’s employees. The agreement was sealed in a signing ceremony held earlier this year at ISECO’s main office in Santiago, Ilocos Sur.

ISECO is the sole electric distribution utility serving the entire province of Ilocos Sur, which includes 32 municipalities and two cities—Vigan and Candon. Among the towns under its franchise are Alilem, Banayoyo, Bantay, Burgos, Cabugao, Caoayan, Cervantes, Galimuyod, Gregorio Del Pilar, Lidlidda, Magsingal, Nagbukel, Narvacan, Quirino, San Emilio, San Esteban, San Ildefonso, San Juan, San Vicente, Santa, Santiago, Salcedo, Sigay, Sinait, Sta. Catalina, Sta. Cruz, Sta. Lucia, Sta. Maria, Sto. Domingo, Sugpon, Suyo, and Tagudin.

Recognized by the National Electrification Administration (NEA) as a “Show Window of Rural Electrification” in the Philippines, ISECO has long been committed to uplifting the communities it serves—not just through power distribution, but also through its cooperative social responsibility programs. Among its employee-focused initiatives is the establishment of a Trusteed Retirement Plan to ensure the long-term welfare and security of its workforce.

PNB, one of the country’s leading universal banks and providers of retirement fund administration and investment management, offers professional fund management designed to meet or exceed benchmarks, helping employers manage long-term costs while safeguarding the retirement benefits of their employees.

Beyond fund performance, PNB’s service covers full implementation of the client’s employee retirement plan rules and regulations, regular monitoring of fund strategies, and access to timely market insights. Clients also benefit from expert investment advice backed by comprehensive research from PNB’s in-house and partner advisers, ensuring a retirement program that is secure, transparent, and future-ready.

This partnership highlights PNB’s unwavering commitment to empowering institutions by helping them invest in the future of their people. As it deepens its relationship with ISECO and other organizations, PNB continues to play a vital role as a trusted partner in building a financially secure future for Filipino workers.