IND BR IND LIC (Severance Allowance Entitlements)
This bracket retrieves values used in the severance allowance calculation.
Note:
This bracket works in combination with the brackets IND BR FIN CONT and IND BR DT SPEC to determine the severance allowance.
| Search Keys | Use/Description | Return Columns | Use/Description |
|---|---|---|---|
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GP TEMP001 CHAR |
If you want to define the bracket according to the labor agreement, populate this temporary variable with the labor agreement before the bracket is resolved. You must also specify the labor agreement value in the bracket definition and indicate the return values for the labor agreement. |
IND BR IND LIC |
The bracket element IND BR IND LIC returns values used to determine the salaries used in the severance allowance calculation. A return value of 1 indicates that the calculation should use the average salary of the last 12 months. A return value of 2 indicates that the calculation should use the average salary of the last three months. A return value of 3 indicates that the calculation should use the more favorable of the first two methods. |
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GP TEMP002 CHAR |
If you want to define the bracket according to payee categories defined in the labor agreement, populate this temporary variable with the appropriate category before the bracket is resolved. Also, specify the payee category value in the bracket definition and indicate the return values for the payee category. |
IND VR ANC 1 |
This variable is used to store the number of years of seniority linked to the entitlement variable IND VR DRT 1. |
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GEN VR INSTANCE |
The variable GEN VR INSTANCE must be equal to 1 to trigger the earning IND LICENC 1 and 2 to trigger the earning IND LICENC 2 |
IND VR DRT 1 |
This variable stores the ratio applied to the base salary for the severance calculation for each year of seniority up to the number of years of seniority entered in the variable IND VR ANC 1. |
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IND VR ANC 2 |
This variable stores the number of years of seniority linked to the entitlement variable IND VR DRT2. |
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IND VR DRT 2 |
This variable stores the ratio applied to the base salary for the allowance calculation for each year of seniority up to the number of years of seniority entered in the variable IND VR ANC 2. |
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IND VR ANC 3 |
This variable stores the number of years of seniority linked to the entitlement variable IND VR DRT3. |
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IND VR DRT 3 |
This variable stores the ratio applied to the base salary for the allowance calculation for each year of seniority up to the number of years of seniority entered in entered in the variable IND VR ANC 3. |
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IND VR PLAFOND |
This variable stores the ceiling, in years, over which entitlement to the severance allowance is no longer calculated. |
Sample Values
| GEN VR INSTANCE | IND BR IND LIC | IND VR ANC 1 | IND VR DRT 1 | IND VR ANC 2 | IND VR DRT 2 | IND VR ANC 3 | IND VR PLAFOND |
|---|---|---|---|---|---|---|---|
|
1 |
3 |
10 |
0.1 |
99 |
0.166667 |
99 |
|
|
2 |
3 |
99 |
|
99 |
|
99 |
99 |
Example
Suppose that there are two payees, one with ten years of seniority and another with 15 years of seniority. Both payees' average salary over the past three months is equal to 1677 euros, and the average over the last 12 months is 1524 euros. In order to calculate the severance allowance, you must apply to the base salary (equal to either the average salary for the last three months or the last 12—whichever is highest), a factor of 1/10 x years of seniority (up to a limit of ten years). After ten years, the factor applied to the base is (1/10 + 1/15) x years of seniority over ten years.
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Based on this rule, the payee with ten years of seniority (stored in the variable IND VR ANC 1) would have the following severance allowance:
Base salary of 1677 euros x 1/10 (stored in IND VR DRT 1) x 10 years of seniority.
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Based on this rule, the payee with 15 years of seniority (stored in the variable IND VR ANC 1) would have the following severance allowance:
Base salary of 1677 euros x 1/10 (stored in IND VR DRT 1) x 10 years of seniority, plus base salary of 1677 euros x (1/10 + 1/15) [stored in IND VR DRT 2] x 5 years of seniority.
Note:
The values currently specified in the bracket for GEN VR INSTANCE = 1 are the values defined by law. You are responsible for updating these values if they change. If you have a collective agreement with different rules, you can define the different slices (up to three) for the variables IND VR ANC 1, IND VR ANC 2, and IND VR ANC 3, and then define the entitlement for each slice in the variables IND VR DRT 1, 2, and 3.
The values currently specified for GEN VR INSTANCE = 2 are provided as sample data only. You must define and maintain these values yourself.