Do You Know How Much Is Your 13th Month Pay?

The holiday season is fast approaching, with the cold winds of December comes the warmth idea of the much-awaited moment of the season – the release of 13^th month pay.

How much 13^th month pay I am going to receive? Will it be enough to support my shopping plans or the projects I am planning for this year?

Yes, with the culture or mind-set of a regular Filipino worker, each centavo earned has to be well spend, much more with extra amounts receive for 13^th month pay. I should buy one souvenir for this year…!

What is a 13^th Month Pay?

Under Presidential Decree 851 the following provisions shall be observed

• 13^th month pay shall be given to all rank-and-file employees regardless of the nature of employment and irrespective of the methods by which wages are paid, and provided they worked for at least one (1) month during the calendar year is entitled to a 13^th month pay.
• The 13^th month pay shall be given to employees not later than December 24 of every year.
• It shall not be less than one-twelfth of the basic salary earned by an employee in a calendar year.
• Resigned or separated, terminated employees are also entitled to 13^th month pay.

How much is your 13^th month pay?

The computation for 13^th month pay is derived by adding the total number of basic salary earned for the year and divided by twelve (12).

Sample computation of 13^th month pay

The table presented here is the sample computation of your 13^th month pay. Please take notice of paid and unpaid leave as well as late or tardiness/absences. Your actual earnings monthly from January of the year to December will be added to get the sum or the Total Basic Pay for the year, which will be divided by twelve. The result of which is your proportionate 13^th Month-Pay.

Now, have you summed up your total earnings and get the figures before the paymaster releases it? Have you finalized your shopping list?

Always remember –

> A single centavo earned should be spent wisely.

> Learned how to distinguish-Your Needs and Wants and

>Think Twice before you Spend

Got all the tips? Happy shopping and Merry Christmas Empleyados!

• Information presented here is taken from the website of the National Wages and Productivity Commission. If you need clarification you may visit their website at www.nwpc.dole.gov.ph.

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