Employers actively pay the deficiency whenever a private CBA retirement fund structurally yields less than the legal statutory minimum.
What if a CBA retirement fund yields less than the minimum? Read More »
Workers paid by precise results depend upon an Average Daily Salary spanning twelve complete months under Article 302.
How is the 15-day salary determined for workers paid by results? Read More »
Part-time workers perfectly qualify for retirement pay after reaching 60 years and completing five years of active service.
Are part-time workers entitled to retirement pay? Read More »
Workers gracefully retire upon reaching 60 to 65 years of age with five years of service under Article 302.
What are the age and tenure requirements for retirement? Read More »
Government employees and retail establishments explicitly employing ten or fewer workers are legally exempt under Article 302.
Who is exempt from statutory retirement pay? Read More »
The strictly mandated minimum retirement pay requires one-half month salary for every year of service under Article 302.
What is the minimum retirement pay amount? Read More »
The 22.5-day formula legally contains 15 days salary, 5 days leave, and 2.5 days 13th-month pay under Article 302.
What comprises the 22.5 days retirement formula? Read More »
The Cost of Living Allowance is absolutely legally excluded from the daily retirement pay computation under Article 302.
Is the COLA included in retirement pay computation? Read More »
Employers must formally issue a one-month written termination notice to the employee and DOLE under the Labor Code.
What are the notice requirements for authorized termination? Read More »
Employers can efficiently submit termination notices physically using RKS Form 5 or via the DOLE Establishment Report Systems.
How can employers submit the termination notice? Read More »
