What is the minimum retirement pay amount?
Under Article 302 of the Labor Code of the Philippines, the absolute minimum is one-half month salary per year. For calculation, a fraction of at least six months heavily counts as a year. This statutory baseline amount cannot be unilaterally reduced by the employer. It guarantees a fair reward for loyal service. 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/.
