December bonus. The December bonus for each calendar year, based on full-time employment, is to be as follows: In 2015: ISK 78,000 In 2016: ISK 82,000 In 2017: ISK 86,000 In 2018: ISK 89,000 A full year’s employment, for this purpose, is 45 worked weeks or more, excluding holiday time (annual vacation). The bonus is to be paid no later than 15 December of each year, based on the employee’s job proportion and length of employment, to all employees who have been employed by an employer for 12 weeks over the past 12 months or who are employed during the first week of December. An agreement may be reached with the employee to the effect that the settlement period runs from 1 December to 30 November of each year instead of the calendar year. The December bonus includes holiday (vacation) pay, and it is a fixed amount that is not subject to changes according to other provisions. Accrued December bonus shall be paid upon termination of employment in the event that such termination occurs prior to the due date for the bonus.
December bonus. The December bonus for each calendar year based on full-time employment is: ISK 92,000 in 2019, ISK 94,000 in 2020, ISK 96,000 in 2021, and ISK 98,000 in 2022. Full annual employment in this case is considered 45 weeks of work or more, not including holidays. The bonus is to be paid no later than 15th December every year according to the employment percentage and period of service to all employees who have been working for the employer for 12 consecutive weeks during the previous 12 months or who are working during the first week of December. Instead of a calendar year, the accounting period may be counted from 1st December to 30th November each year by agreement with the employee. The December bonus includes holiday pay, is a fixed amount and is not subject to changes according to other provisions. Accrued holiday bonus pay is to be settled upon termination of employment/retirement if termination/retirement occurs before the bonus is due for payment. An employee who is in an employment relationship with a company but is not on the payroll due to a shortage of raw materials or due to illness in December does not lose the right to a December bonus, and that time is taken into consideration when calculating the December bonus if the worker comes to work after an absence due to a shortage of raw materials.
December bonus. The December bonus for each calendar year, based on full-time employment, is to be as follows: In 2019 ISK 92,000 In 2020 ISK 94,000 In 2021 ISK 96,000 In 2022 ISK 98,000 The bonus is to be paid no later than 15 December of each year, based on the employee’s job proportion and length of employment, to all employees who have been employed by an employer for 12 weeks over the past 12 months or who are employed during the first week of December. A full year’s employment, for this purpose, is 45 worked weeks or more, excluding holiday time (annual vacation), or 1,631.25 hours. From 1 January 2020, the above figure will be based on a 45-minute shortening of the working week, or 1,597.5 hours. An agreement may be reached with the employee to the effect that the settlement period runs from 1 December to 30 November of each year instead of the calendar year. The December bonus includes holiday (vacation) pay, and it is a fixed amount that is not subject to changes according to other provisions. Accrued December bonus shall be paid upon termination of employment in the event that such termination occurs prior to the due date for the bonus.
December bonus. The December bonus for each calendar year based on full employment is: In 2023 ISK 103,000 A full year’s work in this case is considered to be 45 worked weeks or more, not including holiday. The bonus is paid no later than 15 December each year, according to percentage of full-time position and length of service, to all workers who have been in continuous employment with the employer for 12 weeks during the last 12 months, or that are in work in the first week of December. With agreement with a worker, it is authorised to have the settlement period from 1 December to 30 November each year instead of the calendar year. The December bonus includes holiday pay, is a fixed amount and does not change according to other provisions. Accrued December bonus shall be settled on termination of employment should this take place prior to the due day for the bonus. A worker with a contractual relationship with the company who is not on the payroll because of a lack of raw material or because of illness in December does not lose his/her right to the December bonus and if he comes to work at the end of an absence due to lack of raw material, then this period of time is included in the calculation of the December bonus.
December bonus. In the year 2019 In the year 2020 In the year 2021 In the year 2022 115,850 ISK 118,750 ISK 121,700 ISK 124,750 ISK Holiday pay • Starting from 1 May 2021, all members will have earned 30 paid vacation days irrespective of age, for full-time work over the holiday year 1 May 2020 – 31 April 2021. • Single holiday accrual will be active from 1 January 2020, and the holiday percentage will be 13.04% for all employees starting from that date. Holiday rights in 2020 will therefore be as follows: • Under 30 years of age = 26 days • 30 - 37 years = 28 days • 38 years and over = 30 days Change in the clause: • Vacation taken during wintertime by employer’s request goes down from 33% to 25%. Holiday bonus In the year 2020 In the year 2021 In the year 2022 50,450 ISK 51,700 ISK 53,000 ISK Clause on children's sick days The article providing 12 sick days for children of the age 0-12 is changed so that the right is extended to children of the age 13-16 in cases of serious illness requiring hospitalisation. Workweek shortened from 40h to 36h Daytime work: • A joint workgroup of union members and management shall be set up in each institution/department and should propose a possible implementation of the shortening. • An approved working time arrangement shall be implemented in each workplace as soon as possible and no later than 1 January 2021, see Example A on a later slide. • If no agreement is reached, a shortening of 13 min. per day or 65 min. per week applies, see Example B.
December bonus. The December bonus for each calendar year, based on full-time employment, is to be as follows: In 2023 ISK 103,000 A full year’s employment, for this purpose, is 45 worked weeks or more, excluding holiday time (annual vacation) or 1,653.75 hours for office workers and 1,743.75 hours for shop assistants. The bonus is to be paid no later than 15 December of each year, based on the employee’s job proportion and length of employment, to all employees who have been employed by an employer for 12 weeks over the past 12 months or who are employed during the first week of December. An agreement may be reached with the employee to the effect that the settlement period runs from 1 December to 30 November of each year instead of the calendar year. The December bonus includes holiday (vacation) pay, and it is a fixed amount that is not subject to changes according to other provisions. Accrued December bonus shall be paid upon termination of employment in the event that such termination occurs prior to the due date for the bonus. As an agreement has been reached that a December bonus is included in the monthly wages, the parties agree that a special increase in December bonus is not automatically included in the monthly wage. A special payment may therefore be paid separately in December according to the rules that the collective wage agreements contain, or they may be paid as a certain ISK increase of the monthly wage.
December bonus. Workers who have been in full-time employment all year long at the same company and are still employed at the company in the last week of November or the first week of December shall, not later than 15 December each year, receive a December bonus in the form of a special lump-sum payment, amounting to ISK 60,000 in 2004 and 2005 and ISK 65,000 in 2006 and 2007. Part-time workers meeting the same conditions shall receive proportional payments. Proportions of full-time employment shall be based on permanent regular work, amounting to a maximum of 36 hours and 15 minutes per week. The period on which the calculation is based shall be the calendar year, a full year’s employment being, for this purpose, 45 worked weeks, or more, excluding holiday (annual vacation). Workers with shorter working time behind them shall receive payments proportional to their working time. The December bonus is a fixed sum which does not undergo change according to other provisions. A worker who stops work due to age or following 12 weeks’ continuous employment for the same employer during the year shall receive the December bonus, taking into account his working time and proportion of full employment during the year. The same shall apply even if the employee is off work due to illness after the employer’s obligation to pay wages ceases to apply. After 1 year’s work for the same employer, absence due to legally-prescribed maternity/paternity leave shall be regarded as working time for the purposes of calculating December bonus payments. The same shall apply where women have to stop working during pregnancy as a safety precaution (cf. the Regulations on measures to increase safety and health at work for women who are pregnant, have recently given birth or are breastfeeding). The December bonus, including holiday pay, shall be paid separately and without any connection with wages. In accordance with a written agreement, the December bonus may be paid in 12 equal monthly payments, in which case these payments shall be shown separately on the pay slips. Such monthly payments of the December bonus would come to ISK 5,000 in 2004 and 2005 and ISK 5,417 in 2006 and 2007.
December bonus. The December bonus for each calendar year based on full employment is: In 2019 ISK 92,000 In 2020 ISK 94,000 In 2021 ISK 96,000 In 2022 ISK 98,000 A full year’s work in this case is considered to be 45 worked weeks or more, not including holiday. The bonus is paid no later than 15 December each year, according to percentage of full-time position and length of service, to all workers who have been in continuous employment with the employer for 12 weeks during the last 12 months, or that are in work in the first week of December. With agreement with a worker, it is authorised to have the settlement period from 1 December to 30 November each year instead of the calendar year. The December bonus includes holiday pay, is a fixed amount and does not change according to other provisions. Accrued December bonus shall be settled on termination of employment should this take place prior to the due day for the bonus. A worker with a contractual relationship with the company who is not on the payroll because of a lack of raw material or because of illness in December does not lose his/her right to the December bonus and if he comes to work at the end of an absence due to lack of raw material, then this period of time is included in the calculation of the December bonus.
December bonus. Workers who have been in full-time employment all year long at the same company and are still employed at the company in the last week of November or the first week of December shall, not later than 15 December each year, receive a December bonus in the form of a special lump-sum payment. Part-time workers meeting the same conditions shall receive proportional payments. Proportions of full-time employment shall be based on permanent regular work, amounting to a maximum of 39½ hours per week in the case of shop workers and 37½ hours per week in the case of office workers. The period on which the calculation is based shall be the calendar year, a full year’s employment being, for this purpose, 45 worked weeks, or more, excluding holiday (annual vacation). Workers with shorter working time behind them shall receive payments proportional to their working time. The December bonus is a fixed sum which does not undergo change according to other provisions. December bonus shall be paid as follows: • In 2004: ISK 43,700 • In 2005: ISK 45,000 • In 2006: ISK 46,200 • In 2007: ISK 47,400 A worker who stops work due to age or following 12 weeks’ continuous employment for the same employer during the year shall receive the December bonus, taking into account his working time and proportion of full employment during the year. The same shall apply even if the employee is off work due to illness after the employer’s obligation to pay wages ceases to apply or due to legally-prescribed maternity or paternity leave. The December bonus, including holiday pay, shall be paid separately and without any connection with wages.
December bonus. On the December 5th, 2014 pay date, the department will provide the employee with a one-time bonus of five hundred dollars ($500). This bonus is in lieu of retroactive pay and will only apply to the 2014 calendar year and then this article will be removed. APPENDIX APPENDIX A November 3, 2014 Pay scale: Effective November 3, 2014 Employee salaries shall reflect the adjusted pay scale as listed in appendix A “Wage Scale” November, 2014-June 30, 2015 Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7 FF 43275 45438 47710 50096 52601 55231 57992 FF/PM 49364 51832 54423 57145 60002 63002 66152 ENG 54423 57145 60002 63002 66152 Captain 61790 64879 68123 71529 75106 June 29,2015 Pay Scale: Effective June 29, 2015 Employee salaries shall reflect an increase of Three (3) percent. The adjusted pay scale is listed in appendix A “Wage Scale” July 1-June 30, 2016.
