2011 Outstanding Participating Institutions
More popularly known as OPI, the Outstanding Participating Institution award is a recognition of deserving PERAA Participating Institutions who have demonstrated determination to build retirement resources for their employees. The top three contenders for OPI have passed the criteria set by the PERAA Board of Trustees, namely:
- Up-to-date employer contribution for the last five years
- Increase in Gross Contribution
- Five-Year Average Increase in Gross Contribution
- Increase in New Employees
- Five-Year Average Increase in Accumulated Value
- High Per Capita Value
- At least 50 employees based on last PRL
- At least Php 5 million Accumulated Value
The three candidates for this year’s Outstanding Participating Institutions are:
ASSUMPTION COLLEGE OF DAVAO, Davao City, joined PERAA in June 1998 under a Defined Contribution Plan. In 2001, the college received honorary recognition as a member of Mega Circle to reach P10M level.
The Assumption College of Davao (formerly Assumption Academy of Davao) was founded in 1958 by the two members of the Daughters of Mary of the Assumption or F.M.A. of Campbelton. They opened an exclusive school for girls with elementary and high school departments in suburb community of Agdao, Davao City.
After a decade, it started accepting boys in the elementary and three years later the kindergarten program was offered. It had become a co-educational institution with students coming from different social levels.
Assumption College of Davao, under the presidency of Sr. Concepcion P. Gasang, M.A., is dedicated towards empowering students to lead, animate and contribute in changing lives to the full.
ATENEO DE DAVAO UNIVERSITY, Davao City, named as the ‘Outstanding Participating Institution (OPI)’ in 2010, picked PERAA as retirement plan provider by enrolling its 765 employees in December 2004.
CHED granted full autonomy status to the University until 2012 after naming it a Center of Excellence for Teacher Education, Mathematics, Chemistry and as a Center of Development in Information Technology Education.
ADDU was the fourth higher education institution (HEI) in the country to be granted institutional accreditation by the Philippine Accrediting Association of Schools, Colleges and Universities (PAASCU) and Federation of Accrediting Associations of the Philippines (FAAP) “for its long tradition of exemplary accomplishments in the areas of instruction, research and community service and high performance of its graduates in government licensure examinations’… among others.
ADDU is currently administered by Fr. Joel E. Tabora, SJ who succeeded Fr. Antonio S. Samson, SJ as President.
MISAMIS UNIVERSITY, Ozamis City became a member of PERAA on June 1975. It is the only university in northwestern Mindanao that caters to more than 7,000 students every year in its 7.5 hectares campus in Ozamiz City and also in Oroquieta City. It established the Quality Standard System (QSS) to raise the standard of training and competence of maritime students and to facilitate their entry into the global maritime industry. QSS was pursued not only in Maritime Education but in all programs as well.
Misamis University enjoys the Deregulated Status granted by the CHED, giving it freedom from monitoring and evaluation activities of the CHED, entitlement to the grant subsidies and other financial incentives and the privilege to determine and prescribe their curricular programs to achieve global competence.
The university, under the stewardship of Dr. Karen Belina F. De Leon, underwent a voluntary certification for international standards based on ISO 9001:2000 for all academic programs in its pursuit for quality education. All endeavors and needed resources have been mobilized towards its achievement.