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Wednesday, November 15, 2017

Things You Need To Know About 13th Month Pay

It’s almost December and all employees are eager to recieved their 13th month pay in times for the Christmas Season.

Here are some facts you need to know about 13th Month Pay:

13th Month Pay - shall not be less than one-twelfth of the total basic salary earned by an employee in a calendar year. (Presedential Decree 851)

13th Month Pay shall be given to employees not later than December 24 of every year. (Presidential Decree 851)

Resigned or Separated, Terminated employees are also entitled to 13th month pay.

Here’s a sample computation of 13th month pay:

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