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27 Mar

But, if the reduction of salary was made to circumvent the provision of the Labor Code, that is, to avoid payment of higher separation pay, the salary rate before the reduction shall be used in the computation of separation pay.For employee’s receiving salary below the minimum wage, the separation pay shall be computed based on the minimum wage in effect at the time of separation from service.Separation pay may be computed based on the terms provided in the employment contract, company policy, or collective bargaining agreement.Company practice may likewise be used as basis for computation, if such practice has been established for years and has already ripened into a demandable right.SMART MONEY is a re-loadable payment card that may either be accessed through a Smart mobile phone or a Smart Money Master Card, similar to a debit/cash card.Smart Money enables Smart subscribers to manage their money from their mobile phones wherever they are, whenever they want.

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I have absolutely no idea on the status of your on-going applications.

In this post, I would like to review BDO Kabayan savings account by giving you information about its features, benefits, how to open an account and related information about it.

As I have said before, Kabayan savings account is especially created for Overseas Filipinos Workers to help them get a savings account with very low initial deposit.

In the absence of contract or agreement, or when the existing agreement or policy provides for a lower benefit, separation pay shall be computed based on the provision of the Labor Code.

The amount of separation pay under the Labor Code depends on the following factors: The employee’s last salary refers to the salary rate of the employee at the time of his termination from service.