Specialist allowances Sample Clauses

Specialist allowances. Specialist allowances may be given to employees working in trading areas, understood as foreign exchange trading, securities trading, money market and derivative products. The maximum allowances are: 50% of function- based salary 394,681 – 456,334 399,851 – 462,312 405,649 – 469,016 411,734 – 476,051 75 % of function- based salary 456,335 – 505,717 462,313 – 512,342 469,017 – 519,771 476,052 – 527,568 100 % of function- based salary 505,718 – contract 512,343 – contract 519,772 – contract 527,569 – contract Specialist allowances are given as an annual or monthly supplement to salary. Employees having received a specialist allowance for more than The scaled down specialist allowance may be set off against extraordinary salary increases, salary increases due to increase in function-based salary and new allowances. Specialist allowances are pensionable, but not governed by collective agreement.

Specialist allowances. Area (1) Specialist allowances may be given to financial employees receiving a monthly salary of: DKK 40,614.08 as of 1 April 2020 DKK 41,426.33 as of 1 July 2020 DKK 41,923.42 as of 1 July 2021 DKK 42,342.67 as of 1 July 2022 who work as specialists in special areas. The allowance cannot exceed 50% of salary. (2) Financial employees having received a specialist allowance for more than: o two years and who, by order of the company, are transferred to another job, will maintain their allowance for a period of six months from the date of transfer, o five years and who, by order of the company, are transferred to another job, will receive 3/4 in year 1 1/2 in year 2 1/4 in year 3 of the allowance received during the last 12 months prior to the transfer. The ‘scaled down’ specialist allowance may be set off against extraordinary salary increases given in addition to general salary increases and salary increases financed by the salary pool, see article 26, and new allowances. (3) Specialist allowances are given as an annual or monthly supplement to salary. Specialist allowances are pensionable payments. (4) Employees who due to function-based allowances and/or specialist allowances, see article 37(1) and article 38(1), receive a total remuneration as set out in article 25(6) may be employed on an individual contract, see the rules in the Protocol on contract employees in Section 2. Employees covered by collective agreements concluded between the Danish Employers’ Association for the Financial Sector (FA) and the Financial Services Union or a company collective agreement according to the general agreement between the FA and the Financial Services Union are entitled to a pension scheme on the first day of the month after the employee turned 18. The pension contribution is increased to at least 16.90%, 11.65% of which from the company. The pension contribution is increased as follows: o July 2020 at least 16.50%, at least 11.25% of which from the company o July 2021 at least 16.75%, at least 11.50% of which from the company o July 2022 at least 16.90%, at least 11.65% of which from the company Employees who were offered a pension scheme before 1 April 1992 but who chose to receive a higher gross salary instead are not covered by the provisions of the collective agreement on pension schemes. The establishment of a new pension scheme cannot impair an already existing pension scheme. The provision also covers employees covered by an interim arrangement from the savin...

Specialist allowances. Specialist allowances may be given to employees working in trading areas, understood as foreign exchange trading, securities trading, the money market and derivative products.