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. You may need to fill out a new Direct Deposit sign-up form.Do not close your old account until payments have started coming to your new account. To retire in the Philippines with a valid visa, you may have to jump through a few hoops. GSIS members are entitled to an array of social security benefits, such as life insurance benefits, separation or retirement benefits, and disability benefits. (a) Normal retirement date. We are the safe keepers of pensions for thousands of Alabamians and we take our jobs seriously. Eligible members can estimate their retirement benefits using our online benefit estimator through our secure website mySRPS. That includes housing and going out to enjoy what the Philippines has to offer. Within the Philippines.