PREMIUM PAY Flashcards
________ refers to the additional compensation for work performed within eight (8) hours on non-work days, such as rest days and special days.
- Premium pay
C. Special Holidays
Unless otherwise modified by law, order, or proclamation, the following are the four (4) special days in a year under Executive Order No. ___, as amended by Republic Act ___, as further amended by Republic Act No. 10966 that shall be observed in the Philippines:
- Executive Order No. 292
- Republic Act 9849
C. Special Holidays
On the other hand, work performed on special days merits additional compensation of at _____ of the basic wage or a total of ______. Where the employee works on a special day falling on his rest day, he/she shall be entitled to an additional compensation of at least _______ of his/her basic wage or a total of _____.
- least thirty percent (30%)or the total of 130%
- fifty percent (50%) or total of 150%
For work performed on a declared ______, an employee is entitled only to his/her daily wage.
No_______ is required since work performed on said day is considered work on an ordinary workday.
- Special Work Day
- premium pay
D. Premium Pay Rates
The COLA shall not be included in the computation of premium pay. The minimum statutory premium pay rates are as follows:
- For work performed on rest days or on special days: Plus ____ of the daily basic wage of 100% or a total of ____.
- For work performed on a rest day which is also a special day: Plus ____ of the daily basic wage of 100% or a total of ___.
- For work performed on a regular holiday which is also the employee’s day (not applicable to employees who are not covered by the rest holiday-pay rule): Plus, ____ of the regular holiday rate of ____ on his/her daily basic wage rate or a total of ____.
(1)
- 30%
- total of 130%.
(2)
- 50%
- total of 150%
(3)
- 30 %
- 200%
- 260%
B. Coverage
This benefit applies to all employees except:
- 5.
6.
- Government Employees
- Managerial employees
- Officers and members of a managerial staff
- Kasambahay
- Workers paid in piece rate
- Field Personnel
The “_______” principle applies during special days and on such other special days as may be proclaimed by the President or by Congress.
” no work, no pay”