13th and 14th Month Pay- Bonuses of 2018
SEC. 3. 14th Month Pay. – All employees in the private sector entitled to 13th month pay shall also be entitled to 14th month pay, which shall be equivalent to one month of the employees’ total basic monthly salary.
SEC. 4. Government Employees. – All government employees regardless of their employment status shall also be entitled to both 13th month pay and 14th month pay.
SEC. 6. Schedule of Release of 13th and 14th Month Pay. – The existing 13th month pay shall be released by the employer on or before May 31 and the 14th month pay shall be released on or before November 30 of each calendar year.
For more and further detailed Information about 13 & 14th month pay, you may download the full pdf file of the act below:
- HB08095 – DOWNLOAD