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Cessantia, or severance pay, is the compensation that an employer is obligated to pay to an employee upon dismissal or discharge from an employment not due to any fault of the employee.
The Cessantia must be paid by the employer! You can only claim Cessantia payment from SZV in case no severance can be paid by the employer due to:
You are eligible for Cessantia:
How is the Cessantia calculated?
The severance pay lumpsum is calculated as follows:
Note that a period of more than 6 months after the first year of service is considered a full year of service.
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