Retirement Age Retirement is one of the modes of termination of employment. By retirement, the employment is terminated when the employee has reached a certain age, or after he has completed a certain number of years of service. Under the Labor Code (Art. 287), an employee may be retired upon reaching the retirement age established […]

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Summary What is separation pay? What are the instances in which payment of separation pay is sanctioned? Distinguished separation pay from retirement pay? Separation Pay Meaning Separation pay, as generally understood, refers to the amount due to the employee who has been terminated from service for causes authorized by law (not due to employees fault […]

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