Employee Benefits in the Philippines 2017

Market: Financial Services

Philippines, 57 pages report, published by GlobalData

Report ThumbnailFebruary-2018
Employee Benefits in the Philippines 2017

Summary

The Philippines is seen as one of Asia’s most socially progressive countries, because of its commitment to providing citizens with secured livelihoods; the Philippine constitution guarantees individuals complete social, economic and cultural rights. Female employees and the primary labor force are granted special rights. However, the county has a long way to go in terms of providing full social entitlement to all citizens. Furthermore, distribu

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  • List of Figures
  • Figure 1: Philippines - Main Institutions of Social Security System
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  • List of Tables
  • Table 1: Insurance Industry Definitions
  • Table 2: The Philippines - Country Statistics
  • Table 3: Philippine Retirement Benefits Under RA No. 660 - The Magic 87 Formula
  • Table 4: Philippine Retirement Benefits - Calculation of Gratuity Months
  • Table 5: Philippine Retirement Benefits - SSS Scheme Contribution Rates
  • Table 6: Philippine Retirement Benefits - GSIS Scheme Contribution Rates
  • Table 7: Philippine Death-in-Service Benefits - Minimum Monthly Pension
  • Table 8: Philippine Disabilit
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  • Table of Contents
  • 1 EXECUTIVE SUMMARY
  • 2 INTRODUCTION
  • 2.1 What is this Report About?
  • 2.2 Definitions
  • 3 COUNTRY STATISTICS
  • 4 OVERVIEW OF EMPLOYEE BENEFITS IN PHILIPPINES
  • 5 REGULATIONS
  • 6 STATE AND COMPULSORY BENEFITS
  • 6.1 Retirement Benefits
  • 6.1.1 Introduction
  • 6.1.2 Types of Retirement Plan
  • 6.1.3 Eligibility
  • 6.1.4 Age
  • 6.1.5 Benefits
  • 6.1.6 Payment options
  • 6.1.7 Typical employer practice
  • 6.1.8 Employee and employer contributions
  • 6.2 Death in Service
  • 6.2.1 Introduction
  • 6.2.2 Eligibility
  • 6.2.3 Benefits
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