The 5-year thingy mentioned above (na nasa law) would probably refer to, at best, provisions related to Article 287 of the LC.
Originally Posted by Dacs
"In the absence of a retirement plan or agreement providing for retirement benefits of employees in the establishment, an employee upon reaching the age of sixty (60) years or more, but not beyond sixty-five (65) years which is hereby declared the compulsory retirement age, who has served at least five (5) years in the said establishment, may retire and shall be entitled to retirement pay equivalent to at least one-half (1/2) month salary for every year of service, a fraction of at least six (6) months being considered as one whole year.
This seems to have an implied "and" clause and not an "or" clause - both premises are required:
- age at least 60
- at least 5 years in the said establishment