Is the COLA included in retirement pay computation?
Based on Article 302 of the Labor Code of the Philippines, the COLA is explicitly and strictly excluded. Temporary allowances are generally omitted from the basic salary base for retirement. The calculation purely focuses on the basic wage and mandated inclusions. Thus, adding COLA to the multiplier is legally incorrect. 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/.
