How is the term “one-half month salary” legally defined when computing the minimum retirement pay of an eligible employee?
One-half month salary for retirement includes 15 days pay, 1/12 of 13th-month pay, and up to 5 days leave equivalent.
How is the term “one-half month salary” legally defined when computing the minimum retirement pay of an eligible employee?
One-half month salary for retirement includes 15 days pay, 1/12 of 13th-month pay, and up to 5 days leave equivalent.
