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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 P
5-Yr Lump Sum P


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.
Cash Payment P
Maximum amount of AMC used in computation of benefit is P3000.00.

Important: These calculations are approximate and the values shown are still subject to applicable deductions/additions.
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