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  • Example Fo Computaion of Retirement Fund

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    Levie Kim
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    This document contains a computation of retirement and pension funds for employees of Rural Bank of Bugasong for the second quarter of 2018. It lists the total compensation for employees for each pay period from April to June 2018, which amounted to 465,026.17. It then calculates retirement benefits at 6% of total compensation (27,901.57) and pension benefits at 3% of total compensation (13,950.79), giving a total of 41,852.36 for retirement and pension funds.

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    The file is how to compute your company's retirement fund

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    example fo computaion of retirement fund

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    This document contains a computation of retirement and pension funds for employees of Rural Bank of Bugasong for the second quarter of 2018. It lists the total compensation for employees for each pay period from April to June 2018, which amounted to 465,026.17. It then calculates retirement benefits at 6% of total compensation (27,901.57) and pension benefits at 3% of total compensation (13,950.79), giving a total of 41,852.36 for retirement and pension funds.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    8 views3 pages

    Example Fo Computaion of Retirement Fund

    Uploaded by

    Levie Kim
    This document contains a computation of retirement and pension funds for employees of Rural Bank of Bugasong for the second quarter of 2018. It lists the total compensation for employees for each pay period from April to June 2018, which amounted to 465,026.17. It then calculates retirement benefits at 6% of total compensation (27,901.57) and pension benefits at 3% of total compensation (13,950.79), giving a total of 41,852.36 for retirement and pension funds.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 3

    EXAMPLE OF COMPUTATION OF RETIREMENT/PENSION FUND

    SCHEDULE OF EMPLOYEES COMPENSATION:

    January 01-15, 2019 78,334.27


    January 16-31, 2019 78,334.27
    February 01-15, 2019 75,088.08
    February 16-28, 2019 75,088.08
    March 01-15, 2019 75,088.08
    March 16-31, 2019 75,088.08
    TOTAL 457,020.86

    RETIREMENT BENEFITS:

    457,020.86 x 6% 27,421.25

    PENSION BENEFITS:

    457,020.86 x 3% 13,710.63

    TOTAL 41,131.88

    Prepared by: Approved by:

    RURAL BANK OF BUGASONG (ANTIQUE), INC.


    Bugasong, Antique

    COMPUTATION OF RETIREMENT/PENSION FUND


    FOR THE SECOND QUARTER OF 2018

    SCHEDULE OF EMPLOYEES COMPENSATION:

    April 01-15, 2018 70,379.60


    April 16-30, 2018 77,879.60
    May 01-15, 2018 77,879.60
    May 16-31, 2018 77,879.60
    June 01-15, 2018 79,173.60
    June 16-30, 2018 81,834.17
    TOTAL 465,026.17

    RETIREMENT BENEFITS:

    465,026.17 x 6% 27,901.57

    PENSION BENEFITS:

    465,026.17 x 3% 13,950.79

    TOTAL 41,852.36

    Prepared by: Approved by:

    RINA F. JAMETO LOURDES P. LORENZO


    Bookkeeper Manager

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