What is the height of the “Cessantia” (severance) benefit?

31-05-2016 14:27 , Charonne Holder

The Severance lump sum consists of:

  1. 1 week of wages per year of service, for the first until the tenth full year of service;
  2. 1 ¼ weeks of wages per year of service, from the eleventh until the twentieth full year of service;
  3. 2 weeks of wages per year of service, for the subsequent full years of

A period of more than six months after the first year of service is considered a full year of service.

It is possible to deviate from this in a positive way by a collective labor agreement. However, if it results that SZV will pay out the severance lump sum amounts, SZV does not have to take any collective labor agreement calculations into consideration.


Comments ( 0 )

There are no comments yet

Reply

Log in to reply

Social & Health Insurances SZV © 2024