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Pag-IBIG Fund was founded by virtue of Presidential Decree No. 1530 [1] [2] which was signed by President Ferdinand E. Marcos on June 11, 1978, to answer the national need for savings program and affordable housing financing. [3] Its original purpose was solely as a provident fund to encourage savings among Filipinos.
The base salary is based on a table compiled by Office of Personnel Management (the 2024 table is shown below), [4] and is used as the baseline for the locality pay adjustment. The increases between steps for Grades GS-1 and GS-2 varies between the steps; for Grades GS-3 through GS-15 the increases between the steps are the same within the ...
Most new federal employees hired on or after January 1, 1987, are automatically covered under FERS. Those newly hired and certain employees rehired between January 1, 1984, and December 31, 1986, were automatically converted to coverage under FERS on January 1, 1987; the portion of time under the old system is referred to as "CSRS Offset" and only that portion falls under the CSRS rules.
The Government Service Insurance System ( Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December. Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country). The thirteenth salary is most prominent in ...
180,000 USD ( President) [ 162] 121,500 USD ( Premier) [ 162] The following state/government controls its territory, but is not recognized by any UN member states. State/Government. Also claimed by. Head of state (USD) Head of government (USD) Transnistria.
In the Philippines, some universities follow a 4-Point Scale, which resembles or is equivalent to the U.S. grading system. This system uses a grade between 0.00 to 4.00 wherein 4.00 is the highest and 0.00 being a failing mark. Other universities follow a 5-Point Scale, wherein the highest grade is a 1.00 and the lowest is a 5.00 (failing mark).