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6 Shakeups to Social Security Expected in the New Year. Get Top Holiday Shopping and Savings Tips. The 10 Best Rewards Credit Cards for 2023. 10 Things to Do Now If Your Credit Score Is Under 700 ...
According to Presidential Decree No. 851, an employer is mandated by law to give his employees thirteenth month pay. The thirteenth month pay required by law should not be less than one twelfth of the total basic salary earned by an employee within a calendar year. The thirteenth month pay is exempted from being taxed by the government.
www .sss .gov .ph. The Social Security System ( SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
On top of these pay rules, an employee shall be given an additional 30% if the holiday falls on their rest day, and an additional 30% if they work overtime. On a regular holiday, if the employee did not work, they are entitled 100% of their daily wage. However, a special non-working day usually follows a 'No Work, No Pay' principle.
Ninoy Aquino Day is a national non-working holiday in the Philippines observed annually on August 21 commemorating the assassination of former Senator Benigno "Ninoy" Aquino, Jr. was the husband of Corazon Aquino, who later became the 11th Philippine President. His assassination led to the downfall of the 10th president of the Philippines ...
A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December. Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country). The thirteenth salary is most prominent in ...
Ends. Easter Sunday. Frequency. Annual. Holy Week ( Filipino: Mahal na Araw; Spanish: Semana Santa) is a significant religious observance in the Philippines for the Catholic majority, the Iglesia Filipina Independiente or the Philippine Independent Church, and most Protestant groups. One of the few majority Christian countries in Asia ...
August 25 (2025-08-25) 2026 date. August 31 (2026-08-31) Frequency. annual. National Heroes Day ( Filipino: Pambansang Araw ng mga Bayani [1]) is a holiday in the Philippines dedicated to Filipino Heroes. It is a public holiday in the Philippines .