Hi we are currently residing in the Philippines. My father will be turning 60 next year and he would like to know on how to compute his retirement pay from the company where he is currently working. He's been there for more than 19 years now. Hoping for your answer. Thanks
Log in
Retirement Pay
Message [Page 1 of 1]
2 Re: Retirement Pay on Fri Nov 27, 2015 2:05 pm
fbsensei
moderator
Does your father's company have a collective bargaining agreement with its employees? If so, that agreement should be the first point of reference on how much will your father receive as a retirement pay. If there is no such agreement, the default retirement pay is 22.5 days pay (1/2 month salary + 1/12 of 13th month + 5 days SIL) for every year of service.
3 Re: Retirement Pay on Tue Dec 01, 2015 5:58 am
Thank you very much. You got everything covered I think.
Message [Page 1 of 1]
Permissions in this forum:
You cannot reply to topics in this forum
|
|
|
