Understanding the New Retirement Age in the Philippines

Explore the new retirement age of 60 in the Philippines and the option to retire at 65. Get informed about pension benefits today!

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The new retirement age in the Philippines is currently set at 60 years old for both public and private sector employees. This allows individuals to begin receiving pension benefits. However, some employees may choose to work until age 65, which is considered the optional retirement age.

FAQs & Answers

  1. What is the mandatory retirement age in the Philippines? The mandatory retirement age in the Philippines is set at 60 years for both public and private sector workers.
  2. Can employees retire earlier than 60 in the Philippines? Yes, some employees may opt for early retirement under specific conditions, but the standard age to begin receiving pension benefits is 60.
  3. What happens if I continue working after retirement age in the Philippines? If you choose to work after the retirement age, you can continue to earn income and defer your pension benefits until you retire or choose to stop working.

Watch More

Interested in more information about retirement options? Check out our other videos on pension plans and financial planning in the Philippines.

  1. Exploring the Latest Retirement Law in the Philippines: Republic Act No. 11916 Learn about the Philippines' new retirement law and how it impacts employees seeking extended work years.
  2. Eligibility Criteria for Senior Citizen Pension in the Philippines Discover who qualifies for the senior citizen pension in the Philippines and learn the requirements for application.
  3. When Can You Start Receiving Your Pension: At 65 or 70? Discover when you can start your pension benefits—at 65 or 70? Learn about eligibility and maximizing your payments.
  4. Who Qualifies for a Social Security System (SSS) Pension? Eligibility Criteria Explained Learn who qualifies for an SSS pension and the eligibility criteria to secure your retirement benefits.