Bill Type
Congress Name
Long Title
AN ACT AMENDING REPUBLIC ACT NO. 6971, OTHERWISE KNOWN AS THE PRODUCTIVITY INCENTIVES ACT OF 1990(RE: PRODUCTIVITY AND PERFORMANCE INCENTIVES AND GAINSHARING ACT OF 1998)
Date filed
November 11, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB05215 |
| FULL TITLE : AN ACT AMENDING REPUBLIC ACT NO. 6971, OTHERWISE KNOWN AS THE PRODUCTIVITY INCENTIVES ACT OF 1990(RE: PRODUCTIVITY AND PERFORMANCE INCENTIVES AND GAINSHARING ACT OF 1998) |
| ABSTRACT : "Productivity AND PERFORMANCE Incentives and GAINSHARING Act of [1990] 1998". Seeks to strengthen further the cooperation between labor and capital by ensuring workers of a just SHARE in the fruits of their labor in relation to the profit yielded to the employer. The GAINSHARING SYSTEM may be in the form of (1) productivity bonus; (2) performance bonus; (3) production bonus; (4) employee stock option plan. |
| PRINCIPAL AUTHOR/S : LEDESMA, JULIO IV A. |
| DATE FILED : 1998-11-11 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: HB11809 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LABOR AND EMPLOYMENT ON 1998-11-17 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON WAYS AND MEANS |
Abstract
"Productivity AND PERFORMANCE Incentives and GAINSHARING Act of [1990] 1998". Seeks to strengthen further the cooperation between labor and capital by ensuring workers of a just SHARE in the fruits of their labor in relation to the profit yielded to the employer. The GAINSHARING SYSTEM may be in the form of (1) productivity bonus; (2) performance bonus; (3) production bonus; (4) employee stock option plan.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.