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Early Retirement

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1 Early Retirement on Wed Nov 06, 2013 4:52 pm


Arresto Menor
Our company president / owner had tasked me to make an early retirement program.

Is there any provision in the Labor Code regarding early retirement?
Can the company give 1 month per year of service or 1/2 month per year of service for an early retirement depending on the years of service an employee had rendered?

Thank you!

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2 Re: Early Retirement on Wed Nov 06, 2013 5:10 pm


Reclusion Perpetua
for what reasons? look up redundancy in the labor code.

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3 Re: Early Retirement on Wed Nov 06, 2013 6:07 pm


Arresto Menor
1. As privilege for employees who have rendered 10 years of service and above.
2. To save from costly overhead.

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4 Re: Early Retirement on Fri Nov 08, 2013 10:45 pm


yes, it is allowed, but has to be voluntary

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