How is part-time retirement pay computed?
Part-time retirement benefits uniquely remain carefully computed in direct proportion to their actual salary and related benefits.
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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.
How is the proportionate thirteenth-month pay computed? Read More »
If an employee earns a total basic salary of ₱216,000 in a year, how much is the thirteenth-month pay?
Under Presidential Decree No. 851, an annual basic salary of ₱216,000 yields a proportionate thirteenth-month pay of exactly ₱18,000.
