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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.
The Pensionado Act is Act Number 854 of the Philippine Commission, which passed on 26 August 1903. Passed by the United States Congress, it established a scholarship program for Filipinos to attend school in the United States. The program has roots in pacification efforts following the Philippine–American War.
SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954. This law was later amended by Republic Act No. 8282 in 1997. Government employees, meanwhile, are covered under a separate state-pension fund by the Government Service Insurance System (GSIS).
The Government Service Insurance System ( Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined ...
However, employee’s contribution is 12% of the basic wage as per sec.2(b) of the act and employer’s share of contribution is also 12% of the basic wage as per sec.2(b) of the act. In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund).
The Anti-Red Tape Authority ( ARTA[ a]) is a Philippine government agency mandated to ensure ease of business among all agencies of the Philippine government. It was created through Republic Act No. 11032 or the "Ease of Doing Business and Efficient Government Service Delivery Act", which was passed on May 28, 2018.
Many U.S. cities are allowed to participate in the pension plans of their states; some of the largest have their own pension plans. The total number of local government employees in the United States as of 2020 is 14.3 million. There are 11.1 million full-time and 3.1 million part-time local-government civilian employees as of 2020. [16]
On August 23, 2022, through Proclamation No. 42, the national government declares holidays and special (working/non-working) days to be observed in the country. [ 245 ] [ 246 ] The circular was later amended through Proclamation No. 90 , issued on November 11 , with some holidays adjusted pursuant to the holiday economics principle.