When the employee (who is not an underground mining employee) reaches the compulsory retirement age of 65 years, his employer may retire him and pay him. In the private sector, the ½ month pay in retirement pay is equivalent to 22.5 days.Retirement pay requires at least five (5) years of service. Consolidated Appropriations Act, 2023. The compulsory retirement age in the Philippines is 65 years old for private employees. The City of Tacoma - Tacoma Washington. At Comcast, we achieve the extraordinary through connections to each other, and to the work we do. Explore our jobs and launch a connected career today. It's not immediately clear how this will happen or whether people affected will have to take any action. Forbes has compiled a list of the richest families in America.