MANILA, Philippines (UPDATE) - The National Capital Region's wage board has approved a P30 additional cost of living allowance (COLA) for minimum wage earners in the metropolis.
Alan Macaraya, regional director of the Department of Labor and Employment-NCR, said the additional COLA will be implemented in 2 tranches.
The first tranche of P20 will be implemented 15 days after publication. The remaining P10 will follow 6 months after.
"Kahapon after nag-public hearing, ang board nag-agree kami mag-dagdag ng P30 na COLA sa ating mga mangagagwa dito sa Metro Manila. Yung P22 na COLA na dati iinintegrate natin, tapos nagdagdag tayo P30, that's increase of about P900 per month," he told radio dzMM.
With the additional COLA, workers in the NCR will get an increase of around P900 a month.
The previous COLA of P22 will also be integrated into the basic pay of workers. This will raise the daily minimum wage in the NCR from P404 to P426.
"Ang effect ng integration, although numerically di nadagdag, but it has an effect on the determination of holiday premium, overtime, 13th month pay -- may added value yun between P3 to P5," Macaraya said.
Macaraya expects the wage order to be released within today (Friday). - With ANC