What is the legal definition of thirteenth-month pay?
Thirteenth-month pay refers to a mandatory monetary benefit equivalent to one-twelfth of the total basic salary earned by an employee. This amount is computed based on the employee’s earnings within a single calendar year. The provision for this specific benefit is strictly mandated by law under Presidential Decree No. 851. It serves as an additional income to help employees meet their financial needs, especially during the holiday season. 17-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/.
