WHAT: Confusion and anxiety among current SRRV holders about whether the new 2025/2026 PRA restructuring requires them to top up their bank deposits or reapply under the new, higher tiers.
WHERE: Philippine Retirement Authority (PRA) offices and Bureau of Immigration (BI) offices nationwide.
THE REALITY: Current SRRV holders are generally “grandfathered” in. You do not need to top up your original time deposit to match the new $15,000–$50,000 tiers, provided you maintain your existing visa status and do not let it lapse. However, you are now subject to stricter administrative compliance, including updated ACR I-Card biometrics and the mandatory Annual Report. Additionally, if you choose to add new dependents to your existing visa today, you must pay the new $15,000 USD deposit rate for each new person.
WHEN REPORTED: September 2025 (Implementation of Expanded SRRV) / Ongoing 2026. SOURCE: Philippine Retirement Authority (PRA) guidelines and Bureau of Immigration (BI) Alien Registration Act enforcement.
STATUS: Confirmed. Existing deposits are safe, but administrative compliance is now strictly enforced.
WHAT TO DO: Do not withdraw your time deposit. Ensure your ACR I-Card is valid and file your Annual Report between January 1 and March 1 to avoid fines. If you plan to add a new dependent (like a new spouse or child) to your existing visa, be prepared to pay the new $15,000 USD deposit fee for that specific dependent.
