December is nearing and so is the 13th month pay!
Early in October, the Department of Labor and Employment considered allowing businesses to withhold the 13th month pay from employees. This has since been retracted and employees will be receiving their entitled monetary benefit per usual. In this article you will learn:
• How 13th month pay works under Presidential Decree No. 851.
• Who is entitled to 13th Month
• How to compute your 13th month pay.
The 13th month pay typically amounts to a month’s salary—but not always. Follow the simple guide above to check how much you will be getting this year. It also includes details on tax and info for resigned and terminated employees. Spend wisely!
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