Document background
An Early Retirement Letter is a crucial document used in the Philippine employment context when an employee decides to retire before reaching the mandatory retirement age of 65 years. This document is typically utilized when an employee wishes to voluntarily end their employment while accessing retirement benefits, subject to company policy and Philippine labor laws. The letter should comply with Republic Act No. 7641 and relevant provisions of the Labor Code of the Philippines, including proper notice periods and benefit calculations. It serves multiple purposes: formally communicating the employee's intention, initiating the benefits processing procedure, and creating a record of the retirement request. The document is particularly important as it helps ensure a smooth transition process and proper documentation for both regulatory compliance and internal human resource procedures.
