Retirement under Republic Act 660

Retiring under RA 660 requires the following:

1. Must be in the government service before May 31, 1977.
2. The retiree’s last 3 years of service prior to retirement must be continuous, except in cases of death, disability, abolition, and phase- out of position due to reorganization.
3. His/her appointment status must be permanent in nature.
4. He/she must meet the age and service requirements under the “Magic 87” formula. Based on the formula, a retiree’s age and years in service should be added up and should total at least 87.

Under RA 660, GSIS members as young as 52 years old can already avail of a retirement package for as long as they have already been in government service for the past 35 years.

The “Magic 87” formula is shown below:

A g e 52 53 54 55 56


58 59 60 61 62 63 64 65
Service 35 34 33 32 31 30 28 26 24 22 20 18 16 15

The maximum monthly pension for those above 57 years old shall be 80% of the Average Monthly Salary (AMS) received during the last 3 years immediately preceding retirement. The Maximum pension for those aged 57 and below shall be 75% of the AMS.

Packages in store for you

RA 660 lets you choose among the following options to let you enjoy a new beginning:

Option 1: Automatic Pension – Under this option, pensioners below 60 years old may choose to receive either an automatic monthly pension for life or an option to avail of a lump sum. The lump sum, which can be requested every six months, means they can receive their one-year worth of monthly pension in advance for a period of five years. On the sixth year, they will start receiving their lifetime monthly pension.

Option 2: Initial three-year lump sum – For those who are at least 60 years old but less than 63 years on date of retirement, the benefit is a 3-year lump sum. The subsequent two -year lump-sum shall be paid to the retiree on his 63rd birthday. If the retiree is still living after the 5-year guaranteed period, he shall be entitled to a monthly pension for life.

Option 3: 5-Year Lumpsum – For those who are 63-65 years old, they can avail of a five-year lump sum then after five years, they will receive a monthly pension for life.


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