| Remuneration |
|
Salaries are usually paid monthly or weekly. The compulsory payments of the
employee, such as social insurance contributions, income tax and welfare fund
and health care contributions, are withheld from the salary.
The minimum gross monthly wage is fixed at €658, rising to €700 after six months’ in the employment. The pay slip must state the employee’s name, the basic salary, the deductions and the net salary. The usual method of payment is by a cheque accompanied by the pay slip. Alternatively, the salary may be paid into a bank account and the employee may be given just the pay slip. In most cases there are 12 monthly salaries plus a 13th salary at Christmas. Some companies pay a 14th salary, usually at Easter. If there is a collective agreement, payment is in accordance with those standards. The company (employer) is responsible for paying in the employee’s social insurance contributions and income tax. The employee is given information about the total deductions at the end of the year, and during the year the deductions are shown on the payslip.
Text last edited on: 12/2007
Source: European Union |
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