Philippine pension systems provide retirement income through:
SSS (private sector):
- Retirement at 60 if you've stopped working, or at 65
- At least 120 monthly contributions for a monthly pension; fewer means a lump sum
- The amount depends on your contribution record and credited salary
GSIS (government):
- Retirement generally from age 60 with at least 15 years of service
- Options depend on your service and GSIS rules
Voluntary savings on top:
- PERA (Personal Equity and Retirement Account, RA 9505)
- Employer retirement plans
- Pag-IBIG MP2 and personal investments
What it means for you:
- Keep your contribution records complete — gaps lower your benefit
- Check your projected benefit through your My.SSS or GSIS account
- OFWs can keep paying into SSS while abroad