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Case guide questions CASE GUIDE QUESTIONS MODULE RETIREMENT ATTRIBUTES Conditions for availment SSS LAW Upon reaching the age of a sixty years optional retirement or b sixty- ?ve years compulsory retirement GSIS LAW Members who meet the following conditio

CASE GUIDE QUESTIONS MODULE RETIREMENT ATTRIBUTES Conditions for availment SSS LAW Upon reaching the age of a sixty years optional retirement or b sixty- ?ve years compulsory retirement GSIS LAW Members who meet the following conditions a has spent at least years in service b at least years of age at the time of retirement and c he is not receiving a monthly pension bene ?t from permanent total disability LABOR CODE If with CBA or other agreements providing for retirement bene ?ts a Upon reaching the retirement age established in such agreement In the absence of retirement plan or agreement providing for retirement bene ?ts of employees in the establishment a upon reaching the age of sixty years or more but not beyond sixty- ?ve years which is hereby declared the compulsory retirement age who has served at least ?ve years in the said establishment or For underground mining employees b upon reaching the age of ?fty years or more but not beyond sixty years which is hereby declared the compulsory retirement age for underground mine workers who has served at least ?ve years as underground mine worker Amount of bene ?t In case of death of worker a If the member has paid at least monthly contributions prior to the semester of retirementlifetime monthly pension b If the members has not paid at least monthly contributions prior to the semester of retirement - lump sum bene ?t equal to the total contributions paid by him and on his behalf In case of death of the retired member his primary bene ?ciaries as of the date of his retirement shall be entitled to receive the monthly pension If there are no primary bene ?ciaries bene ?ts shall be paid to secondary bene ?ciaries a -year lump sum equivalent to months of basic monthly pension after years old-age pension bene ?t equal to the basic monthly pension payable for life or b cash payment bene ?t equivalent to x of the basic monthly pension plus monthly pension for life In case of death of the member the primary bene ?ciaries are entitled to survivorship bene ?ts If there are no primary bene ?ciaries bene ?ts shall be paid to secondary bene ?ciaries Retirement bene ?ts under existing laws and any collective bargaining and other agreements Provided however That an employee ? s retirement bene ?ts under any collective bargaining and other agreements shall not be less than those provided therein Otherwise the retirement pay for those without CBA retirement plan shall apply Retirement pay equivalent to at least one-half month salary for every year of service a fraction of at least six months being considered as one whole year Unless the parties provide for broader inclusions the term ? one- half month salary ? shall mean ?fteen days plus one-twelfth of the th month pay and the cash equivalent of not more than ?ve days of service incentive leaves Guido Pulong vs Super Manufacturing Inc vs Engr Eduardo Dy et