What comprises the 22.5 days retirement formula?
The 22.5-day formula legally contains 15 days salary, 5 days leave, and 2.5 days 13th-month pay under Article 302.
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How is the proportionate thirteenth-month pay computed?
The proportionate thirteenth-month pay is calculated by dividing the total basic salary earned during the year by 12 under PD 851.
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How much is the legally mandated thirteenth-month pay?
Presidential Decree No. 851 sets the minimum thirteenth-month pay at one-twelfth of the total basic salary earned during the year.
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How much is the legally mandated thirteenth-month pay?
Presidential Decree No. 851 sets the minimum thirteenth-month pay at one-twelfth of the total basic salary earned during the year.
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How is “one year of service” defined for Service Incentive Leave purposes?
Rule V of the Omnibus Rules defines “one year of service” as twelve months of continuous or broken service.
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What types of absences are included when computing the one year of service?
Rule V of the Omnibus Rules includes authorized absences, rest days, and regular holidays in computing the one-year service.
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