Philippines Bank Holidays 2012

National, Official and Non-working Holidays in the Philippines 2011

In general, providing a fixed list of holiday dates is difficult because most of the 2011 regular holidays and nationwide special holidays in the Philippines are movable, as provided under Republic Act 9492 (an Act rationalizing the celebration of national holidays). For these movable holidays, the President is tasked by law to issue a Proclamation, at least 6 months prior to a movable holiday, fixing the specific date of that non-working day.

National Regular Holidays List for 2011 – Philippines

National Regular Holidays Compensation – Philippines

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 day

b. 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

Nationwide Special Holidays List – Philippines

Special Days – Philippines

For declared special days such as Special Non-Working Day, Special Public Holiday, Special National Holiday, in addition to the two nationwide special days (November 1, All Saints Day and December 31, Last Day of the Year), the following rules shall apply:

a. If unworked

• 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 day

c. 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

Special Working Holidays – Philippines

For work performed, an employee in the Philippines is entitled only to his basic rate. No premium pay is required since work performed on said days is considered work on ordinary working days.

Source: kittelsoncarpo.com

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Tagged as: 2012 Philippines Bank Holidays, 2012 Philippines National Holidays, 2012 Philippines Public Holidays