Bill Type
Congress Name
Long Title
AN ACT GRANTING AN ANNUAL PRODUCTIVITY INCENTIVE TO ALL WORKERS IN THE PRIVATE SECTOR, ESTABLISHING MECHANISMS FOR ITS IMPLEMENTATION, AND FOR OTHER PURPOSES
Date filed
January 9, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB03391 |
| FULL TITLE : AN ACT GRANTING AN ANNUAL PRODUCTIVITY INCENTIVE TO ALL WORKERS IN THE PRIVATE SECTOR, ESTABLISHING MECHANISMS FOR ITS IMPLEMENTATION, AND FOR OTHER PURPOSES |
| SHORT TITLE : "Workers Productivity Incentives Act of 2007" |
| ABSTRACT : The bill grants all private sector employees, regardless of employment status, an annual productivity incentive bonus equivalent to not less that 10% of the company's net profits before taxes. |
| PRINCIPAL AUTHOR/S : ABAYA, JOSEPH EMILIO A. |
| DATE FILED : 2008-01-09 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LABOR AND EMPLOYMENT ON 2008-01-29 |
Abstract
The bill grants all private sector employees, regardless of employment status, an annual productivity incentive bonus equivalent to not less that 10% of the company's net profits before taxes.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.