Question B.20, 2019 Labor Law Bar Exam

B.20.

(Question B.20, Labor Law, 2019 Bar Exam)

Discuss the differences between compulsory and voluntary/optional retirement as well as the minimum benefits provided under the Labor Code for retiring employees of private establishments. (2.5%)

Suggested Answer:

Under the Labor Code, the age for compulsory retirement at 65 years, while the minimum age for optional retirement is set at 60 years.

The retirement pay shall be computed as follows:

Minimum Retirement Pay = Daily Rate x 22.5 days x number of years in service

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