What is the bonus?
The complementary annual salary is regulated in the Labor Contract Law 20,744 in arts. 121 and 122 (text modified by Law 27,073). They establish the method of calculation and the payment dates.
Regarding the first point, it is established that 50% of the highest monthly remuneration accrued for all concepts is calculated, in the semesters ending in June and December.
When is the bonus charged?
Regarding the payment terms, it establishes two dates: June 30 for the first installment and December 18 for the second.
Any payment that is not made in advance or on the established dates violates current legislation. In any case, there is in all cases a “grace” period of four days for accreditation.
How the bonus is calculated?
The Labor Contract Law establishes that the bonus must be equivalent to 50% of the highest monthly salary accrued in all concepts of each semester.
To calculate the first Christmas bonus wages from January to June are taken into account. The calculation must include the basic salary, overtime and other bonuses that have been received. Likewise, for the second installment of the Christmas bonus, salaries from July to December are taken into account.
In the event that a worker has not worked the entire semester, the formula to be used is: bonus multiplied by days worked, divided by 180 (the days of the semester).
What concepts are taken into account for its calculation?
Workers should take into account the following points:
- The extra hours and commissions must be added to the amount of the salary of the month in which they were paid, in order to calculate the highest remuneration earned.
- the category “On account of future increases” It should also be considered to calculate the SAC, since it integrates the monthly remuneration earned.
- In the case of women, maternity leave should not be included as part of the bonus since the worker does not receive her salary, but a family subsidy. Therefore, it is only necessary to consider only the months worked in the semester before or after the leave.
- Leave without pay and social benefits are concepts excluded from the calculationsince although they are paid together with the remuneration, they are non-remunerative.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
