I am a regular supervisory employee of XXX company and after the board meeting, they decided to offer a voluntary out of service due to cost cutting, just to augment their losses/operational cost/invtmnt. payables. My employer status is in a declined status.
1.What does mean of voluntary out service?What is the difference BETWEEN VOS and TERMINATION.Explain
2.If we accept their notice of VOLUNTARY OUT SERVICE, AM i ENTITLED of separation pay, if yes, what is the proper computation of separation claims?
3.Am i entitled of unused leave and service pay?explain?
4.Is it legal to hold a one month salary due to their security purposes and they will give it only wholly upon the effectivity of voluntary out service?
5. Is it legal to FILE a early acceptance of VOS as long as it was already approve by president?
6.In relation to my case, are there any benefits should be claim, if yes, what are this?
7.What is the proper deduction of tax, single status, Company Location: Isabela Province, Gross Income: 8731, Net Income/monthly:7600, Monthly Allowance: 1000.00? They are deducting 725 monthly, Is it correct?