Senate Majority Floor Leader Vicente "Tito" Sotto III has filed a bill seeking to grant 14th month pay to private sector employees.
Senate Bill No. 2 cites that all non-government rank-and-file employees should be given an extra month's worth of pay, aside from the regular incentive (13th) they already receive every year.
According to the senator, the 13th month pay is "gobbled up by Christmas expenses."
"We need extra earnings in the middle of the year to help in school and medical expenses. Health and education needs of the ordinary Filipino must be assisted by our government," Sotto told the Inquirer.
He further explained that the recent P10 increase in the minimum wage was insufficient as prices of basic commodities have increased.
Under the bill, the "13th month pay shall be paid not later than June 14th and the 14th month pay shall be paid not later than December 24th every year."
Moreover, it mandates that the 14th month pay "shall not be less than 1/12 of the total basic salary earned by the employee within the calendar year."
In 2013, Senator Sotto filed a similar bill but it did not progress in the plenary.
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