(1) YES, however this is subject to the following conditions.
(1.1) He/She is not an employee of the National Government, or any of its political subdivisions, including GOCC's, if they are covered by CSC regulations.
(1.2) He/She is not a domestic helper and engaged in the personal service of another.
(1.3) He/She is not an employee of retail, service and agricultural establishment or operations regularly employing not more than ten (10) employees, falling under the following instances;
(1.4) He/She has been an official or employee of the employer, under a reasonable private benefit plan (otherwise known as RETIREMENT PLAN), maintained by the employer, if the following requirements are met.
(2) What is a "Reasonable Private Benefit Plan" (otherwise known as RETIREMENT PLAN)?
It is a pension, gratuity, stock bonus or profit-sharing plan maintained by an employer for the benefit of some or all of his officials or employees, wherein contributions are made by such employer for the officials or employees, or both, for the purpose of distributing to such officials and employees the earnings and principal of the fund thus accumulated, and wherein it is provided in said plan that at no time shall any part of the corpus or income of the said officials and employees.
(3) Yes, the employer may consider PAG-IBIG FUND, a substitute retirement benefit plan. However, this shall be subject to the following conditions:
(a) Exercising such option will not contravene the existing Collective Bargaining Agreement, or any other Employment Agreement
(b) Provided that the scheme offers benefits which are more than or at least equal to the benefits provided under RA 7641