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Development of average annual wages 2000–2023 (USD PPP) [2] Country 2000 2010 2020 2023 Luxembourg * 67,932 75,124 78,977 85,526 Iceland * 61,066 58,131 75,022 ...
The chart below reflects the average (mean) wage as reported by various data providers. The salary distribution is right-skewed, therefore more than 50% of people earn less than the average gross salary. Thus, the median figures provided further below might be more representative than averages
SSS provides death, funeral, maternity leave, permanent disability, retirement, sickness and involuntary separation/unemployment benefits. [14] The Employees' Compensation (EC) Program which started in 1975 provided double compensation to workers who had illness, accident during work-related activities, or died.
It includes every form of cash income, e.g., salaries and wages, retirement income, investment income and cash transfers from government. It may include near-cash government transfers like food stamps , and it may be adjusted to include social transfers in-kind, such as the value of publicly provided health care and education.
Total employee (including after-tax Traditional 401(k)) and employer combined contributions must be lesser of 100% of employee's salary or $69,000 ($76,500 for age 50 or above). [5] There is no income cap for this investment class.
The GSIS filed on June 1, 2011, a P100-million damage suit against the IBM Philippines and its parent firm, as well as contractor Questronix Corp. for supplying defective database software that led to the computer crash. [7]
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