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A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December.Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country).
Endo (derived from "end-of-contract") [1] refers to a short-term de facto employment practice in the Philippines.It is a form of contractualization which involves companies giving workers temporary "employment" that lasts for less than six months (or strictly speaking, 180 calendar days) and then terminating their employment just short of being regularized in order to skirt on the costs which ...
According to Presidential Decree No. 851, an employer is mandated by law to give his employees thirteenth month pay. The thirteenth month pay required by law should not be less than one twelfth of the total basic salary earned by an employee within a calendar year. [11] The thirteenth month pay is exempted from being taxed by the government.
Switzerland's minimum old age and survivors (AHV) pension is 1,225 Swiss francs ($1,393) a month, and the maximum 2,450 francs. For couples it is capped at 3,675 francs.
Existing home sales rose 3.4% last month, from September, to a seasonally adjusted annual rate of 3.96 million, the National Association of Realtors said Thursday. The latest home sales topped the ...
As legislator, he was the principal author of Republic Act 10653, which broadened the tax exemptions for the 13th month pay (mandatory year-end bonus amounting to a month of salary) of both public and private sector employees in the Philippines, [6] and the staunchest legislator-advocate of salary hikes for public school teachers.
The idea is under serious consideration in order to restore some competitive nature to the All-Star Game. Last season, the Eastern Conference defeated the Western Conference 211-186 in the highest ...
Reporter’s Note. Take Our College Sports Subsidy Data. SUNDAY, NOV. 15, 2015, 8:00 PM EDT