Philippines Statutory Rate Tables

Select the “Philippines Statutory Rate Tables” link under the “Philippines Master Definition” business component.

The “Philippines Statutory Rate Tables” page appears.

Note: Clicking this icon available near certain fields takes you to the help page of the respective field.

The system displays the following

Philippines Statutory Setup Unit	Use the drop-down list box to select the Philippines statutory setup unit for which the rate has to be defined.
Currency	The currency of the Philippines.

The “Philippines Statutory Rate Tables” page has three tabs:

Social Security Rate Table
Philippines Health Rate Table

Social Security Rate Table

The system displays the following in the “Access History” group box:

Effective Period

Use the drop-down list box to access the history with the effective dates.

Enter the following details in the multiline:

Monthly SS Salary From	The monthly salary of social security from which the rate table is to be defined.
Monthly SS Salary To	The monthly salary of social security until which the rate table is to be defined.
Employer Contribution	The contribution of the employer against the social security.
Employee Contribution	The contribution of the employee against the social security.
Employer EC	The employee compensation provided by the employer for private sector workers.
Monthly Salary	The monthly salary of the employee.

Philippines Health Rate Table

The system displays the following in the “Access history” group box:

Effective Period

Use the drop-down list box to access the history with the effective dates.

Enter the following details:

Monthly PH Salary From	The monthly salary of Philippines health from which the rate table is to be defined.
Monthly PH Salary To	The monthly salary of Philippines health until which the rate table is to be defined.
PH Salary Base	The base salary of the Philippines health.
Employer Contribution	The contribution of the employer against the Philippines Health.
Employee Contribution	The contribution of the employee against the Philippines Health.
MCB	The monthly compensation bracket of the employee.

Enter the following details:

Modification Option

Use the drop-down list box to specify the modification option. The combo is loaded with “Select”, “Correct” and “Update”. The system by default displays “Select” on launch of the page.

Correct: The modified details are saved with the current date.
Update: The modified details are updated with the new effective date.

New Effective From

The new effective date of updated records.

Remarks

Any remarks or additional information regarding the rate table details.

Note: Modification Option: While modifying the rate tables applicable to any fund, you can use one of the two available modification options viz., “Correct” and “Update”. If you choose the Correct option, the changes you make will come into effect in the existing record itself. If you choose the Update option, the system closes the existing version of the record and will create a new record containing the changes you make. You are to specify a new effective date which will become the effective date for the new record.

Click the “Save” pushbutton.

The system saves the rate table details of the Philippines statutory.