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Statutory Benefits

Financial Benefits
1. Interest on Share Capital
2. Patronage Refund
Medical Care and Protection
Asiapro 1. Medical Claim
Multi-purpose 2. Total Permanent Disability
Cooperative and Dismemberment
3. Life Insurance
Training
Statutory Benefits
1. 13th Month Pay
2. 5 Days Service Incentive Leave
3. Paid Leaves
a. Paternity Leave
b. Parental Leave for Solo Parents
c. Leave for Victims of Violence Against
Women and their Children
d. Special Leave for Women
(Magna Carta for Women)
e. Maternity Leave
4. Retirement Pay
5. Pag-IBIG Benefits (RA 9679)
6. PhilHealth Benefits (RA 9241)
7. Social Security Benefits (RA 8282)
8. Benefits under the Employees
Source:
http://www.dole.gov.ph/ Compensation Program (PD 626)
1. 13th Month Pay
Entitlement At least 1 month of service during a
calendar year
Given not later than December 24 of
every year

2. Service Incentive Leave (SIL)


Coverage 5 days

Entitlement After 1 year of service


Convertible to cash
3. Paid Leaves

a. Paternity Leave
Coverage 7 days per delivery/miscarriage (first 4)

Entitlement 1 month before and/or after the


delivery/miscarriage
Married male
Living with spouse
Non-cumulative and non-convertible to
cash
3. Paid Leaves

b. Parental Leave for Solo Parents


Coverage 7 days per year

Entitlement Parent or individual who is left alone with


the responsibility of parenthood
With at least 1 year of service
Must have a Solo Parent Identification
Card from DSWD
Non-cumulative and non-convertible to
cash
3. Paid Leaves
c. Leave for Victims of Violence Against
Women and their Children
Coverage 10 days

Entitlement Attend medical and legal concerns


With supporting documents (medical
certificate, complaint letter signed by the
Barangay Official)
Non-cumulative and non-convertible to
cash
3. Paid Leaves
d. Special Leave Benefits for Women
(Magna Carta for Women)
Coverage 2 months following surgery

Entitlement Surgery is caused by gynecological


disorders (female reproductive system)
Rendered at least 6 months continuous
aggregate service for the last 12 months
prior to surgery
Not pregnancy-related
Non-cumulative and non-convertible to
cash
3. Paid Leaves

e. Maternity Leave
Coverage 60 days - Normal delivery or miscarriage
78 days - Caesarian Section delivery

Entitlement First 4 delivery/miscarriage


At least 3 monthly contribution within 12
months of delivery/miscarriage
4. Retirement Pay
Coverage Optional Retirement:
60 years old
At least 5 years of service
Compulsory Retirement:
65 years old
At least 5 years of service

Entitlement Based on latest payout


Equivalent to one-half () month salary for
every year of service. A fraction of at least
6 months is considered as 1 year.
One-half () month is equivalent to 22.5
days x number of years of service

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