The following are the requirements so that the retirement pay received by an employee from his/her employer is nontaxable, except:Select one:a.The retirement pay should have been availed of for the first time.b.The retirement program of the employer to its employees are approved by the BIR Commissionerc.The retiree should have been employed for 10 years in the said company.d.The retiree should have been at least 40 years old at the time of retirement.Clear my choice

Retirement pay from employer is not taxable, provided the following requirements had been complied with, except:Select one:a.The retiree received the retirement for the first timeb.The retirement plan of the employer to its employees are approved by the BIR Commissionerc.The retiree should have been at least 50 years oldd.The retiree should have been employed for 5 years in the said company

Under the executive exemption to the ADEA, an individual may be mandatorily retired after age 65 if they have been employed as a bona fide executive for at least Blank______ years immediately before retirement.Multiple choice question.fivethree10two

For a member of SSS to claim a lifetime monthly pension, he must be at least 60 years old and have at least _____________ monthly contributions.

Question 15Termination benefits are benefits that an employee is entitled toWhen the employer terminates his employment before the normal retirement dateWhen the employer terminates his employment after the normal retirement dateWhen the benefit is given to encourage the employee to leave the company voluntarilyAnswer :i, ii   i, iii   ii, iii  i, ii, iii

The _______ restricts mandatory retirement and especially benefits older employees.Multiple ChoiceEqual Pay ActCivil Rights ActAge Discrimination in Employment ActAmericans with Disabilities ActFamily and Medical Leave Act