3 Re: early retirement on Tue Oct 23, 2012 5:08 pm
I'm not sure of any early retirement after 5 years of service( 5 years palang retirement na kaagad parang ang bata pa yata nun ).
I have read this article. Just want to share just to give you an idea.
The compulsory age of retirement is at 65 while optional retirement may start at age 60. This does not prevent the company and its employees, however, from entering into contracts or agreements such as a CBA or employment agreement with early retirement provisions below the minimum ages set by law.
But for an early retirement plan to be legally defensible, the employees must have freely or voluntarily consented to the early retirement provision; otherwise, the early retirement may be considered invalid later in court as a form of illegal dismissal.
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