Book VI — Post-Employment
Article 287
PD 442 · Labor Code of the PhilippinesELI5 guide available
ELI5— what this means for you
You can choose to retire at 60. Your employer can compulsorily retire you at 65. Either way, you're entitled to retirement pay equal to at least 1 month's salary for every year of service (minimum ₱½ month per year under RA 7641). Check your company's retirement plan — it may be better.
Key point
Optional at 60, compulsory at 65. Retirement pay = at least ½ to 1 month salary × years served.
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Legal disclaimer: BatasKo provides general legal information, not legal advice. For advice on your specific employment situation, consult a licensed Filipino lawyer or the Public Attorney's Office (PAO) at pao.gov.ph.