Employer has NO obligation to set up RETIREMENT scheme for employees

It is, once a year, that Article 287 does not itself purport to impose any obligation employers to set up a retirement scheme for their employees over and above that already established under existing laws. In other words, Article 287 recognizes that existing laws already provide for a scheme by which retirement benefits may be earned or accrue in favor of employees, as part of a broader social security system that provides not only for retirement benefits but also death and funeral benefits, permanent disability benefits, sickness benefits and maternity leave benefits. (G.R. No. 82895, November 7, 1989)

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