Thirteenth salary
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(Redirected from Christmas bonus)
The thirteenth salary is paid to employees according to different terms of law or contract of employment. Mostly, it is equivalent to one full monthly salary and paid in December (the 12th month) around Christmas and is traditionally called a Christmas bonus. The following examples show some differences:
- In Brazil, the law mandates the thirteenth salary.[1][2]
- Germany and Austria have no unitary regulation, and the thirteenth salary is mostly regulated in the collective agreement.[citation needed]
- In Italy, the thirteenth salary was regulated by law after its introduction during the 1930s.[citation needed]
- In the Philippines, a thirteenth salary, known as thirteenth month pay, is mandated by the Labor Code of the Philippines to be given in December to permanent employees. Some institutions practice adding a "fourteenth", "fifteenth", and successive bonuses for higher pay grades.[citation needed]
- In Singapore, it is called Annual Wage Supplement (AWS) and is not mandated by the law.[3]
See also
- Performance-related pay, also known as "bonuses"
- Christmas bonus (United Kingdom)
References
Further reading
- A State Mandated Christmas Bonus from In Custodia Legis the Law Library of Congress's blog.
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