If you are asked to retire early but wish to continue working until age 65, the benefits you may receive depend on factors like your contract, company policies, and labor laws:
1. Retirement Benefits: Check your contract or consult HR for details on retirement benefits, including lump-sum payments or monthly pensions based on years of service and salary history.
2. Severance Pay: If retirement is not based on authorized causes, you may be entitled to severance pay. The amount depends on factors like service length and contract terms.
3. Social Security Benefits: In the Philippines, at age 60, you may qualify for Social Security System (SSS) retirement benefits. Contact the SSS to understand your specific entitlements based on contributions and age.
4. Consult DOLE: If you feel forced into retirement unfairly, seek guidance from the Department of Labor and Employment (DOLE) for advice on labor laws and protecting your rights as an employee.