WHAT IS THE EFFECT IF REINSTATEMENT IS NO LONGER PRACTICABLE?

An employee who is unjustly dismissed from work shall be entitled to reinstatement
The entitlement to reinstatement shall be without loss of seniority rights and other privileges
If reinstatement is no longer possible, the unjustly dismissed employee is entitled to separation pay
WHAT IS AGRI-AGRA REFORM CREDIT ACT OF 2009?

The State promotes rural development by enhancing access of the rural agricultural sector to financial services and programs
Agricultural and agrarian reform credit consist of loan activities and purposes
Banking institutions shall set aside at least twenty-five percent (25%) of their total loanable funds for agriculture and fisheries credit in general
INFUSION OF FOREIGN EQUITY IN THE CAPITAL OF RURAL BANKS

No rural bank shall be operated without a Certificate of Authority
Non-Filipino citizens may become members of the Board of Directors of a rural bank
Foreign equities may now be infused in the capital of rural banks
IS AN EMPLOYEE WHO WAS ILLEGALLY DISMISSED FROM EMPLOYMENT AUTOMATICALLY ENTITLED TO REINSTATEMENT?

It is the duty of the employer to immediately comply with the order of reinstatement
A reinstatement of an employee can be done either actually or through payroll reinstatement
The reinstated employee has no duty to return or reimburse the salary he received during the period that the lower court or tribunal’s decision was for his illegal dismissal
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