PREMIUM PAY Flashcards
Coverage
all employees, except:
-government employees
-managerial employees (as mentioned in holiday pay)
-officers or members of a managerial staff (as mentioned in holiday pay)
-kasambahay
-workers paid by results
•paid on peice rate, takay, pakyaw, or task basis
•other non-time work
-field personnel (as mentioned in holiday pay)
Note: retail and service establishments with less than 10 workers are not exempted (required to pay premium pay)
PREMIUM PAY
-additional compensation for work performed within 8 hours on rest days and special days
-Special non-working days
-for the year 2024 (8 special days)
•Chinese New Year - February 10
•Black Saturday - March 30
•Ninoy Aquino Day - August 21
•All Saints’ Day - November 1
•All Souls’ Day - November 2
•Feast of the Immaculate Conception of Mary - December 8
•Christmas Eve - December 24
•Last Day of the Year - December 31
-Special (Working) Days
•employee is entitled to only their minimum wage
•no premium pay since work is considered ordinary workday
Special Days
-“no work, no pay” applies during special days
-workers not required to work on special days are not entitled to any compensation
-work performed on special days merits additional compensation of at least 30% of basic wage (130%)
-work performed on rest day which is also special day = 150%
-work on a regular holiday falling on rest day = 260%
Premium Pay Rates
