Wednesday, January 24, 2018

Paternity Leave

Paternity Leave

According to Republic Act No. 8187 also known as the ‘Paternity Leave Act of 1996’, a male employee is entitled to 7 days of leave with full pay for each delivery of his lawful wife. The entitlement is regardless of the employee’s length of service and employment status so long as he meets the requirements. This leave benefits shall apply to the first four (4) deliveries of the employee’s lawful wife with whom he is cohabiting. Cohabiting means the obligation of the husband and wife to live together. If the spouses are not physically living together because of the work station or occupation, the male employee is still entitled to the benefit.


In the event that it is not availed, it shall not be convertible to cash and shall not be cumulative.

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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...