How is cessantia (severance pay) lump sum calculated?

12-07-2016 15:27 , Charonne Holder

The Severance pay lump sum is calculated as follows:

  1. 1 week wage per year of service, for the first until the tenth full year of service.
  2. 1 ¼ weeks wage per year of service, for the eleventh until the twentieth full year of service.
  3. 2 weeks wages per year of service, for the subsequent full years of service.

Note:  A period of more than six months after the first year of service is considered a full year of service.


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