Social contributions. The premiums for the legally required social insurances (OASI/DI/compensation of income/UI/ pension fund) as well as any additional insurances are deducted from the salary payments. Remuneration is based on net hourly salareis. As an overview, the employee receives a salary statement showing what the gross salary would be.
Social contributions. The Employee and the Company shall each pay half of the contributions for AVH (Old Age and Survivors’ Insurance), IV (Invalidity Insurance), EO (Loss of Earnings) and ALV/AC (Unemployment Insurance). The Employee’s contributions are deducted by the Company from his gross salary and possible bonus payment.
Social contributions. The contributions to the statutory social insurances (OASI/IV /EO/UI/Pension) and any additional insurances are deducted from the salary payments. Compensation is based on net hourly wages. As an overview, the employee receives a salary statement showing what the gross salary would be.
Social contributions. Pension funds. Each company of Tinet Group is fully in compliance with all Applicable Laws, regulations, ordinances, rules, orders, judgments, writs and decrees of any court, commission or other Governmental or Public Authority or body, pertaining to social contributions, severance indemnities and complementary pension funds in connection with its directors and ,employees, agents and distributors for all periods through December 31, 2009 and up the Closing Date. Each company of Tinet Group made all payments and contributions and maintained all such reserves which are required to be made and maintained by any such Applicable Laws, regulations, ordinances, rules, orders, judgments, writs and decrees of any court, commission or other Governmental or Public Authority or body, or by any applicable collective labor agreement, for severance indemnities and/or complementary pension funds for all periods through the Closing Date.
