R= (22.

5)(P)(T) where,

R - is the retirement pay

P - is the daily rate

T - is the number of years served

2.13th Month Pay

Let x be the annual basic salary of an employee.The 13th month pay of this employee is 1/12 of
x.

3.Maternity Benefit

Let x be the average monthly salary of the employee. The 2.6x and 2x for caesarean and normal
delivery,respectively.

4.Holiday Pay

Holiday pay refers to payment of the regular daily wage for any non-working regular
holiday.Note that if the employee worked on a holiday,then he will receive twice his daily wage.

•Overtime pay - is the amount of time a person work beyond working hours.

•In a regular day,the overtime rate r of an employer with a regular hourly rate of h is at least
1.25h. If regular day is a special day or a holiday,then r= 1.3h.

Formula:

T= 1.25(H)-2/8 *R

R= 8T/1.25H-2

H=8T+2R/1.25R where,

T - total daily earnings

R - daily rate(equivalent to 8 hours)

H - the number of work hours