I've been wanting to invest in PERA (or for my employees to do so), but when I went to a BDO branch nearby, nobody knows about it. It's on their webpage, sure, but implementation is non existent.
My two gripes about PERA are:
1. It's still non-existent (but BDO finally emailed me, saying they will update me if there's any news. But, hello? It's on their webpage!)
2. Maximum of only P100,000 annually (P200k for OFWs). Granted, for lower income earners, that's still a stretch (I doubt my minimum wage employees can afford P1,000/month). I wish it were like the IRA/401/Retirement Funds of, say, the USA. I think Australia is 9.5% (up to 15% with "salary sacrifice") of your monthly income, whatever that may be.
#1 they should address immediately, and #2 is just a personal gripe.
Besides, the only reason I want #2 (increase of maximum amount) is because I invest in index/mutual funds, and I just want it to be tax free, haha.