Hi!
This matter should be clearly defined by your separation or retirement policy, which should be part of your Employee Handbook and/ or HR Policy Manual.
A good company makes it clear to employees during induction their entitlements when they stay long in the service or employ of the company!
In the absence of a company policy, your country's Labor Law will be followed. Generally, a labor law mandates the entitlement of an employee after a certain duration of service (expressed in the number of years of regular employment).
Best regards.
Ed Llarena, Jr.
Managing Partner
Emilla International Consulting Services
Tel: 00632-832-9979/