SOP Exhibits
Title:Sample Computation for Gratuity Benefits Under RA 1616

SOP Number :

ANNEX A
Sample Computation for Gratuity Benefits Under RA 1616

I. Particulars

Name of Employee : Jorge Catalan
Date of Birth : 07-27-27
Date of Retirement : 01-27-93
Age of Retirement : 65-06-00

II. Period of Service

53-12-30 to 57-06-16 3.46164
57-07-01 to 57-12-16 .45776
58-01-02 to 93-01-27 35.06849

T o t a l

Leave of Absence without Pay -

Net Service 38.98789 years

III. Highest Salary Received P189,552.00

Total Salary for the last three years preceding retirement (90-1-27 to 93-1-27)

3 years x P189,552 P 568,6560
Average Monthly Salary 15,796.00

IV. Gratuity In Terms of Months

1 mo. each for first 20 years 1 mo. x 20 = 20.000.00 mos.

1.5 mos. for each year over
20 up to 30 years 1.5 mos. x 10 = 15.000.00 mos.

2 mos. for each year over
30 years 2 mos. x 8.98789 = 17.97578 mos.

TOTAL = 52.97580 mos.




V. Amount of Gratuity

(Highest Salary Received) (No. of gratuity Months)

P 15,796 x 52.97580 mos. = P 836,805.42

Less Gratuity Previously Rec’d. = P -

NET PROCEEDS = p 836,805.42