This visa allows retirees to enter, stay, and experience the Philippines as a great retirement destination. Holders of the Philippines retirement visa (SRRV) are entitled to multiple-entry visa and the right to reside in the Philippines indefinitely.To retire in the Philippines with a valid visa, you may have to jump through a few hoops. - This issuance shall be known as the "Implementing Rules and. Eligibility Expanded to Compact of Free Association (COFA) Citizens. Legal mail manila envelopes will be confiscated and destroyed. Some examples include wages, salaries, commissions, bonuses, pensions, and retirement payments. DIRECT DEPOSIT SIGN-UP FORM (PHILIPPINES). Bank or credit union (savings or checking) complete statement for the most recent month. For Members and Retirees Use the up and down arrows to select a result.