What some call as “holiday economics” will be felt, doubly felt, this month of August. Congress passed a new law (RA 9492), providing for “movable holidays”. Two movable holidays fall on the month of August - Ninoy Aquino Day Monday nearest August 21, which is August 20) and National Heroes Day (last Monday of August, which is August 27). (Update: Please note Proclamation No. 1353, which is conspicuously silent regarding the National Heroes Day).
a. If it is an employee’s regular workday:
* If unworked - 100%
* If worked- 1st 8 hours - 200%
- excess of 8 hours - plus 30% of hourly rate on said dayb. If it is an employee’s rest day:
* If unworked - 100%
* If worked- 1st 8 hours - plus 30% of 200%
- excess of 8 hours - plus 30% of hourly rate on said day
For Ninoy Aquino Day, being a nationwide special holiday, the following rules shall apply:
a. If unworked, no no pay, unless there is a favorable company policy, practice or collective bargaining agreement (CBA) granting payment of wages on special days even if unworked.
b. If worked:
- 1st 8 hours - plus 30% of the daily rate of 100%
- excess of 8 hours - plus 30% of hourly rate on said dayc. Falling on the employee’s rest day and if worked:
- 1st 8 hours - plus 50% of the daily rate of 100%
- excess of 8 hours - plus 30% of hourly rate on said day
The same law, however, provides that the holidays may be modified “by law, and/or proclamation”, the latter referring to an act of the President. The law also requires that for movable holidays, the President shall issue a proclamation, at least 6 months prior to the holiday concerned, the specific date that shall be declared as a nonworking day.
Added: The list of holidays and long weekends for October, November and December is here.
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