Minimum Wage: Worker's Statutory Monetary Benefits Flashcards
Act. No. 6727
Wage Rationalization Act
It mandates fixing of the minimum wages applicable to different industrial sectors, namely, non-agriculture, agriculture plantation, and non-plantation, cottage/handicraft, and retail/service
Wage Rationalization Act
It refers to farming in all its branches and among others, includes the cultivation and tillage of soil, production cultivation, growing and harvesting of any agricultural/horticultural commodities, etc.
Agriculture
Retail establishment
sale of goods to end-users for personal or household use
Example of retail establishment
department stores, membership warehouses, grocery
It is a sale of service to individuals for their own or household- people go to get service done
Service establishment
What is RTWPBs?
Regional Tripartite Wages and Productivity Boards
How many regions are covered by the wages rationalization act
19 regions
Coverage of wage increases
All private sector workers and employees receiving the daily minimum wage rates/receiving up to a certain daily wage ceiling
Exemption of wage increases
Workers of duly registered Barangay Business Enterprises (BMBEs)
Republic Act No. 10879
MIMAROPA Act - enable it to pursue programs consistent with national goals for accelerated social and economic development
Minimum Wage Rates - old and new for non-agriculture
P 570 - P 610
Minimum Wage Rates - old and new for agriculture, service/retail, manufacturing establishments
P 533 - P 573
Region with highest mwr
NCR - 573-610
Region with lowest mwr
BARMM 306-341
Compensable Working Hours
8 hours a day (Rule I, Book 3)
Are attendance at lectures, meetings, training programs shall be counted as working time?
Yes unless the attendance is outside the regular working hours, voluntary, and does not perform any productive work during such attendance
Meal and Rest periods
Not less than one hour time off
Rest periods/coffee breaks
5 to 20 minutes shall be considered as compensable working time
What is monthly paid employees?
Paid everyday of the month, including unworked rest days, special days, and regular holidays
Computation of EEMR of monthly paid employees
Applicable Daily Rate x 365 / 12 months
EEMR stands for?
Estimated Equivalent Monthly Rate
Definition of daily-paid employees
Paid on the days they actually worked and on unworked regular holidays
Subsidized meals and snacks
Not be less than 30% of the fair value of such facilities
Highest monthly wage of kasambahay (region)
NCR - P 6, 000
Lowest monthly wage of kasambahay (region)
CARAGA - P 4,000
Consequence/punishment for employers failed to pay increases or adjustments in the wage rates
Fined not less than P 25,000 nor more than P 100,000 or imprisonment of not less than 2 years, nor more than 4 years
Engaged in the production, processing/manufacturing of products of commodities including agro-processing, trading, and services
Barangay Micro Business Enterprises (BMBEs)
Has the power to issue Certificate of Authority for BMBEs to avail of the benefits provided by R.A 9178
Department of Industry
R.A 9178 is known as?
Barangay Micro Business Enterprises Act of 2002
Wages of apprentices and learners
Not be less than 75% of the applicable minimum wage rates
Do all employee with disability shall be subject to same terms and conditions of employment?
Yes, with the same compensation, privileges, benefits, fringe benefits, or allowances as qualified able-bodied person
Magna Carta for PWD
RA 10524: expands the number of positions reserved for people with disabilities
TRAIN Law Act. of 10963
Tax Reform for Acceleration and Inclusion Law - seeks to make the tax system simpler, fairer, and more efficient in order to generate more sustainable revenues that will support government infrastructure projects, public investments, and social services.
Amount exempted for train law?
Up to P 90,000
compensation during the year not exceeding 250,000 pesos
