MANILA (Philippine Daily Inquirer/Asia News Network): The Government Service Insurance System (GSIS) is cool to the proposal to lower workers’ retirement age, as doing so will slash its contribution collections while prolonging the benefit disbursement period for early retirees.
While the state-run pension fund for government workers and pensioners said it would “comply” in case the bills aimed at bringing down the optional retirement age to 56, from 65 at present, were passed into law, documents flagged risks to the GSIS’s fund life.
