Retirement under Presidential Decree 1146
Compute Retirement Benefits
Ave. Monthly Compensation
Years of Service
* Ave. Monthly Compensation received during the last 3 years preceding retirement
The benefits are:
1. Basic Monthly Pension
Available to those who are 60 years of age with at least 15 years of service. The basic monthly pension is guaranteed for 5 years. After the 5-year guaranteed period, the retiree will receive a basic monthly pension for life. A retiree may request for the payment in lump sum of the Basic Monthly pension for the guaranteed period of 5 years at a discounted rate of not less than 6%.
Basic Monthly Pension
5-Yr Lump Sum
2. Cash Payment
Available to those who are at least 60 years of age and have rendered at least 3 years but less than 15 years of service. The cash payment shall be equal to 100% of the Average Monthly Compensation (AMC) for every year of service.
Maximum amount of AMC used in computation of benefit is P3000.00.
These calculations are approximate and the values shown are still subject to applicable deductions/additions.
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