5.0 13TH MONTH PAY

1.1 The 13th month pay is a Christmas Gift for the employees. It is equivalent to a one (1) month salary. Employees must be with the company for at least one (1) year.

1.2 Employees who have less than one (1) year of service, but has rendered at least one (1) month of service, shall be entitled to a pro-rated amount. To compute for the pro-rated amount, you may use this 13th Month Pay Calculator (FTF-MBA-F-014).

1.3 Companies are encouraged to release the 13th month pay on or before 15 December 2020, in time for the Christmas Eve celebration.