Guidelines for implementing RA 7641

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DOLE LABOR ADVISORY: Guidelines for implementing RA 7641

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Title Source: Supreme Court: Guidelines for implementing RA 7641

Law: Dole Labor Advisory

Decision Date: Oct 24, 1996

The Retirement Pay Law mandates that all private sector employees, regardless of their employment status, receive retirement pay equivalent to at least one-half month salary for every year of service, with specific provisions for calculating benefits and the option for employers to use the PAG-IBIG Fund as a substitute retirement plan.

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