The Social Security System has declared that pensioners’ 13th-month pay release will take place on December 1 and 4, in two batches, which would begin to be distributed on December 1. Be Part Of Their Internship Program For A Potential Career In Social Security System (SSS) According to deputy spokesperson Marissa Mapalo, pension distribution for […]
13th month pay
How To Compute Your 13th Month Pay This 2023: Here’s How Much You Should Receive
The 13th month pay is a significant financial benefit for employees in the Philippines. It is a mandatory bonus granted by law, aimed at helping workers cope with the increased expenses during the holiday season. Understanding how to compute this extra income is crucial for both employers and employees. In this article, we will discuss […]
13th Month of Pensioners, OK-ed by the SSS
Did you know that the Social Security System, more commonly known as the SSS, ok-ed the 13th month of pensioners? Based on the most recent news, they’ll be able to pull this off with the help of the Development Bank of the Philippines, more commonly known as the DBP. Aurora Ignacio, the Chief Executive Officer […]
13th Month Pay on Pro Rata Basis – Malacañang
The 13th month shall be distributed on a pro rata basis, said the Malacañang earlier this week. What does this mean for people and employees? Basically, it means that employees would not be able to receive their full pay this year, instead, their 13th month will be according to the actual salary earned. Labor Undersecretary […]
13th Month Pay of Public School Teachers, to be Released in May
If you are a public school teacher, then you will be joyous of the newest announcement made by the Department of Education (DepEd). According to Annalyn Sevilla, DepEd Undersecretary, the 13th month pay of public school teachers will be ready and released in May; particularly, it’ll be available by the 15th of May. In her […]
President Rodrigo Duterte Urged Business Owners and Employers to Give 13th Month Pay in Advance
Hundreds, if not thousands of businesses and employers have announced a lockdown in their establishments to keep the virus at bay. A lockdown can be considered as the direct order of “shutting down” or by directing employers to stop operations to keep their personnel, and their entire staff safe by not requiring them to attend work. […]
14th Month Pay For Private Sector Employees, Pushed by Senator Sotto
July 1, 2019, Monday, Senate President Vicente “tito” Sotto III submitted a bill that seeks to provide private sector employees a 14th month pay annually. Although some companies offer this bonus pay to their employees, it’s still not a standard law. In addition to that, he said that putting a hike on the compensation and […]