Leaving workLaws
Retirement pay
At 60 to 65 with at least 5 years of service, half a month's pay for each year, when there's no better company plan.
Most useful for: Career shifter
- In real life
- Half a month here means 22.5 days. 20 years at ₱1,379.31 a day is about ₱620,689.50.
- Why it matters to you
- The 22.5 days are 15 days, plus 5 days of leave, plus a twelfth of the 13th month.
An explanation to help you read your pay, not a ruling on your case. Your employer, the agency or DOLE has the final word.