Severance interest 2023: how to calculate it? – Personal Finance – Economics
Employers in Colombia have a deadline to consign their workers no later than January 31 the interest of the layoffs corresponding to the year 2022. This is provided by numeral 2 of article 1 of law 52 of 1975, which establishes that this interest will be 12 percent per year of the total value of layoffs or proportional to the time worked for those who do not complete a full year of work.Note that Layoffs are a social benefit to which every worker with a labor relationship is entitled, and corresponds to one month's salary for each year of service…
