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  • The deadline for paying the mid-year premium – Personal Finance – Economy
Investments and Business

The deadline for paying the mid-year premium – Personal Finance – Economy

Avatar photoMitchell G. Patton3 years ago
The deadline for paying the mid-year premium – Personal Finance – Economy

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Formal workers must receive their respective service premium on June 30.

Photo:

archive / WEATHER

Formal workers must receive their respective service premium on June 30.

Workers are entitled to two premiums each year, one in June and the next in December.

Find the validation of The Lie Buster at the end of the news.

Select the creator of the article in configuration of this module

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Article publication time

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WEATHER EDITORIAL

SF

May 24, 2023, 08:24 a.m.

THE

May 24, 2023, 08:24 a.m.

The premium corresponds to 30 days of salary per year and is divided into two for each term, so for the first installment of the year, the worker must receive the equivalent of 15 days of salary.

This cash recognition given to you to the employee for completing a semester and a year of work in a public or private entity.

The workers who are entitled to payment are those who have an indefinite, fixed contract and, in general, who meet the conditions of dependent employee.

Domestic service workers, drivers and day workers or farm workers also apply.

In the last quarter of last year, domestic service had an expansion of 2.4%,

Photo:

Archive / WEATHER

The companies or holders that do not deliver the premium on the established dates will receive a fine from the Ministry of Labor and in accordance with the Substantive Labor Code, the worker must be paid a daily wage for each day of delay up to 24 months of delay.

Since the premium is the payment of one salary per year, and is made in two transfers, half is paid in June and the other half in December. In other words, if you earn $1,500,000 monthly, you will receive that value in two payments: $750,000 in the middle of the year (June) and the other $750,000 at the end of the year (December).

When is it paid?

The first payment of the first premium cannot exceed the month of June. Most likely, the companies deliver this benefit in one of the two fortnights of that month, also in the cases in which it has a different stipulated payment date, it will be done in that having as limit the Friday June 30, 2023.

Thus, for this year the payment of the premium would be made on Thursday, June 15. The date before June 30 on which you normally receive your payment, or Friday June 30, which is the latest date.

More news

SF

May 24, 2023, 08:24 a.m.

THE

May 24, 2023, 08:24 a.m.

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Avatar photo
By Mitchell G. Patton

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