Retirement Pay Calculator Philippines (RA 7641, 22.5 Days)
Compute your company retirement pay under RA 7641: 22.5 days of pay for every year of service if you retire at 60–65 with at least 5 years.
Tool inputs stay in your browser · optional AI search sends your query
Good to know: If your company has no better retirement plan, RA 7641 gives at least “one-half month salary” per year of service, which the law defines as 22.5 days: 15 days’ pay + 1/12 of 13th month (2.5 days) + 5 days of service incentive leave. A fraction of at least 6 months counts as a whole year. You qualify at 60 (optional) to 65 (compulsory) with at least 5 years with the company (50 for underground mine workers). Retirement pay under RA 7641 is generally tax-exempt — confirm with HR. Based on DOLE rules (Labor Code and the DOLE Handbook on Workers’ Statutory Monetary Benefits), checked November 10, 2026. Your company policy or CBA may give more.
How to use it (step by step)
- 1Fill in the boxes: “I know my”, “Amount”, “Days per year your company uses (if monthly)”, “Date hired”, “Retirement date”, “Your age at retirement”, “Underground or surface mine worker”. Example numbers are already there so you can see how it works; replace them with yours.
- 2The result updates instantly as you type (on a phone it is below the boxes).
- 3The bold line is the main answer. Tap Copy next to any value to copy it.
Words to know
- 13th month pay
- Extra pay in the Philippines, required by law, equal to one-twelfth of the basic salary earned in the year.
- SIL (Service Incentive Leave)
- At least 5 days of paid leave a year that the law gives every employee after 1 year of service. Unused SIL is converted to cash.