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How are severance pay and notice pay calculated?

Severance pay is calculated on the basis of 30 days' fully-loaded gross wage for each full year of service (subject to the statutory ceiling); notice pay is determined according to the notice periods tied to length of service. We assess the eligibility conditions and the calculation according to the specific situation.

Updated · July 20261 min readCategory · Practice & Disputes
Short answer

Severance pay is calculated on the basis of 30 days' fully-loaded gross wage for each full year of service (subject to the statutory ceiling); notice pay is determined according to the notice periods tied to length of service. We assess the eligibility conditions and the calculation according to the specific situation.

Severance pay is calculated on the basis of 30 days’ fully-loaded gross wage for each full year of service (subject to the statutory ceiling); notice pay is determined according to the notice periods tied to length of service. We assess the eligibility conditions and the calculation according to the specific situation.

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