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Pag-IBIG Benefits
1. Concept Pag-IBIG benefits – refer to the benefits provided for by the Home Development Mutual Fund (HDMF), also known as Pag-IBIG (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Goberyno) Fund. a. Home Development Mutual Fund ‘The Home Development Mutual Fund (HDMF), also known as Pag-IBIG (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Goberyno) Fund,…
Philippines Today, Inc. v. NLRC (1997)
See: Original Decision Philippines Today, Inc. v. Go-Belmonte, G.R. No. 112965, January 30, 1997, Per Panganiban, J.: 1. Background • May a “Memorandum for File” which did not mention the words “resign” and/or “resignation” nonetheless juridically constitute voluntary resignation? In answering this question, the Court took into account not merely the literal meaning of the…
FAQ: Night Shift Differential Pay
1. In General See: FAQ: Statutory Monetary Benefits. The above FAQ covers frequently asked questions with their answers (FAQ) involving statutory monetary benefits in terms of general application, i.e., the questions and answers apply to all forms of statutory monetary benefits, including this current benefit. Thus, the following questions and answers are specific only to…
Non-diminution of Benefits
“Principle of non-diminution of benefits” refers to the prohibition against employers from eliminating or reducing the benefits received by their employees. 1. Concepts “Principle of non-diminution of benefits” – refers to the prohibition against employers from eliminating or reducing the benefits received by their employees. (See Wesleyan University-Philippines v. WUPF, G.R. No. 181806, 12 March…
FAQ: Solo Parent Leave
Frequently Asked Questions with their Answers What is Solo Parent Leave? Solo Parent Leave is a benefit that grants eligible solo parent employees seven (7) working days of leave with full pay each year to enable them to perform parental duties where their physical presence is required. Who qualifies as a solo parent under the…
Computation of 13th Month Pay
1. Computation These are the steps on how to compute for the 13th month pay. The following are the assumptions: 1) The employee’s daily wage rate is Php1,000.00; 2) The workweek is 6 days a week; and 3)There is one rest day per week. a. Complete basic salary earned in a year If covered employees…
