PAY SLIP

END OF THE CUT-OFF

START OF THE CUT-OFF

BASIC PAY AND ALL THE ADJUSTMENTS

TAXES AND DEDUCTIONS

TOTAL

COMPUTATION OF

SALARY

TOTAL NUMBER OF HOURS OF YOUR WORK IN THE ENTIRE CUT-OFF

ACTUAL RATE PER UNIT

TOTAL NUMBER OF WEEKS PER SEMESTER

Rate x no. of units x 18

10

PAYDAYS

COMPUTATION OF

SPECIAL EXAMINATIONS

NUMBER OF STUDENTS WHO FILED AND PROCESSED SPECIAL EXAM

PRICE OF SPECIAL EXAM

QUANTITY OF SPECIAL EXAM X Php50

50% - SCHOOL SHARE 50% - FACULTY SHARE

COMPUTATION OF

TUTORIALS

GENERAL EDUCATION FACULTY

STANDARD/FIXED RATE ( GE FACULTY)

NO. OF UNITS X Php110.50 X 18

30% - SCHOOL SHARE 70% - FACULTY SHARE

NURSING

FACULTY

STANDARD/FIXED RATE ( NURSING FACULTY)

NO. OF UNITS X Php185.00 X 18 30% - SCHOOL SHARE 70% - FACULTY SHARE

FACULTY

BENEFITS

1. Legislated Benefits
Faculty members are covered by all benefits specially mandated by law, examples of which are SSS benefits , Medicare , 13th month pay and maternity.

2. Educational benefits
Tuition Fee Discount for Children. a.1 Permanent faculty members are granted the following discounts on tuition fees if their children pass the entrance examination and are accepted for enrollment in Olivarez College. Years of service 1st Child 2nd Child 1. One to Three (1-3) 25% 15% 2. Four to Five (4-5) 50% 40% 3. Six and Above 100% 50%

a.2 Tuition Fee Discount covers only the following number of years of enrollment: Collegiate Level ---- Four Years (Bachelor Degree) and discounts covers only the basic load of 18 units. a.3 In cases of re-enrollment of subject (s)/year level due to failure/change of course, the employee will defray the full tuition fee equivalent.

PURCHASING