Lower retirement age proposed to boost workforce openings - BusinessWorld Online

Lower retirement age proposed to boost workforce openings - BusinessWorld Online

A BILL seeking to lower the retirement age for workers in both the public and private sectors was filed in the House of Representatives last week, aiming to allow Filipinos to retire in better health while creating more job opportunities for younger workers. House Bill No. 6954 proposes lowering the mandatory retirement age to 60 from the current 65. It also seeks to reduce the optional retirement age for government employees to 55, provided the…