House Panel Approves Bill Lowering Gov’t Optional Retirement Age to 56

optional retirement age

The House Committee on Government Enterprises and Privatization has approved a bill seeking to lower optional retirement age among government employees to 56. The House panel decided to pass the substitute bill, a consolidation of nine measures, proposing amendments to Republic Act 8291 or the Government Service Insurance System (GSIS) Act of 1997. “With lower optional retirement age, the retirees can enjoy a better quality of life through their pension and retirement benefits at an earlier age, as a bill is already being introduced to lower age to qualify as…