Metro Manila (CNN Philippines, December 16) – The House of Representatives approved on third and final reading the bill which lowers the optional retirement age of government workers from 60 years old to 56 years old.
With 192-0-0 votes, House Bill No. 5509 will now move on to the Senate.
The bill allows government workers to have an option to terminate their employment at an early age without substantial loss to their monthly income.
The measure aims to amend the Section 13-A of the Republic Act No. 8291 or the “Government Service Insurance System Act of 1997” wherein benefits are only given to those who retired at 60 years old.
If passed into law, government workers can now retire at the age of 56.
The chamber has already passed on final reading a similar bill last 17th Congress, but it failed to get a nod from the Senate.
