Can extra benefits be included in retirement pay?
Under Article 302 of the Labor Code of the Philippines, additional benefits may certainly be included. This requires a formal mutual agreement between the employer and the retiring employee. Such enhancements can also be formally stipulated in a Collective Bargaining Agreement. This allows generous employers to legally exceed strict statutory minimums. 18-May-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
