What is Aguinaldo (SAC)?
The aguinaldo, or Sueldo Anual Complementario (SAC), is equal to one additional salary per year. It is paid in two instalments: the first in June and the second in December.
Each instalment is 50% of the highest monthly remuneration of the half-year. If the worker did not work the full half-year, the proportional part is paid.
In practice
If the best remuneration of the half-year was $1,500,000, the aguinaldo instalment is $750,000, paid in June (with another in December).