Severance pay
This article is written according to the legal status current as of: 2024-01-11
Severance pay is a basic financial aid granted to employees whose contracts of employment were terminated on the basis of an outplacement programme. The amount of the severance pay depends on the length of the service for a given employer. However, it cannot exceed the amount of 1500% of the minimum remuneration for work. The amount of severance pay is equal to the remuneration the worker (had he stayed employed) would receive for: The employee will not be eligible for severance pay, if the employment contract is terminated: The longer the period of work for a given employer, the higher the amount of severance pay! Severance pay
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