Under this law, employees with at least five years of employment and aged between 60 and 65 are entitled to retirement pay. The retirement benefit is a cash benefit paid either in monthly pension or as lump sum to a retiree member who can no longer work due to old age.We're Here to Help You. Fill out this form to send your inquiries or concerns to Philippine Retirement Authority. Mandatory Online filing of retirement claims to also cover Self-Employed Members aged 60 to 64 years old starting July 1. Philippines in Congress assembled: -. The UP Manila HRDO organizes a retirement orientation scheduled every August of the calendar year. Philippines Retirement 101. For the most part, the laws so far regulating private retirement benefit plans and funds were passed to provide incentives to private companies to put up.