What comprises the 22.5 days retirement formula?
According to Article 302 of the Labor Code of the Philippines, the one-half month salary legally equals 22.5 days. This specifically includes 15 days of basic salary based on the latest rate. It integrates five days of service incentive leave and 2.5 days of 13th-month pay. These components form the mandated daily rate multiplier. 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/.
