Common use of SICK PAY FUND Clause in Contracts

SICK PAY FUND. Employers shall pay 1% of employees’ wages to the sickness fund of the Trade Union concerned, unless higher payments have been negotiated in wages and terms agreements. - See Act No. 19/1979 on Workers’ Right to Advance Notice of Termination of Employment and to Wages on Account of Absence through Illness and Accidents. Moreover, Act No. 55/1980 on Working Terms and Obligatory Pension Rights Insurance.

SICK PAY FUND. Employers shall pay 1% of employees’ paid-out wages to their employees to the sickness fund of the Trade Union trade union concerned, unless higher payments have been negotiated in wages and terms collective agreements. - – See Act No. 19/1979 on Workers’ Right to Advance Notice of Termination of Employment and to Wages on Account of Absence through Illness and Accidents. Moreover, Accidents as well as Act No. 55/1980 on Working Terms and Obligatory Pension Rights Insurance.