Wednesday, January 24, 2018

Solo Parent Leave

According to Republic Act No. 8972 also known as the “Solo Parents’ Welfare Act of 2000”, a solo parent who has rendered at least 1 year of service and has a valid Solo Parent Identification Card is entitled to 7 days of parental leave with pay,  or more commonly known as solo parent leave, per year. It is a leave benefit granted to solo parents to perform their parental duties and responsibilities where physical presence is required. Unused parental leave benefits are not convertible to cash and cannot be accumulated. 

Child refers to a person living with and dependent on the solo parent for support. He or She is unmarried, unemployed, and below eighteen (18) years of age, or even eighteen (18) years old and above but is incapable of self-support because he/she is mentally- and/or physically-challenged.

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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...