Retirement under RA 1616 may be availed by those who entered government service on or before May 31, 1977 and who rendered at least 20 years of service regardless of age and employment status. Further, the last three years of service prior to retirement must be continuous, except in cases of death,disability, abolition or phase out of position due to reorganization.
Gratuity payable by the last employer based on the total period with paid premiums converted into gratuity months multiplied by the highest compensation received.The gratuity months shall be computed as follows:
Years of Service
First 20 years
One (1) month salary
20 years to 30 years
One point five (1.5) months salary
Over 30 years
Two (2) months salary
Refund of retirement premiums consisting of personal contributions of retirees plus interest, and government share without interest, payable by the GSIS.