We have already talked about the changes in the area of Social Security contributions , which affect bonuses and remuneration in kind that were not previously included in the base and now are. In addition to this, Social Security has also determined that retirement bonuses must also be included in these changes. In short, it is the turn of seniority bonuses and awards, that is, the amounts as a bonus for permanence that companies usually pay their employees at the end of their working life.
How retirement benefits work
Some agreements establish the payment of a certain amount when a worker finishes his or her work activity, that is, retires. The amount of this remuneration is set according to the length of service of the worker in the company .
In the mid-nineties, the belgium whatsapp shopping data obligation to outsource the payment of these bonuses was established, in such a way that companies are obliged to take out insurance and make the necessary contributions to cover each payment when necessary.
However, after the changes made to the contribution obligations for certain concepts, Social Security has decided that the amount of these insurance premiums must also be included in contributions . Therefore, according to the Administration, companies must apply the corresponding contribution percentage to the annual premiums paid and pay it into Social Security.
Logically, if the worker were to leave the company before retirement, and thereby lose the right to receive this bonus, the company may deduct the contributions paid .
Retirement is also compatible with work
It is generally thought that receiving a retirement pension is incompatible with carrying out any economic activity from which income is obtained. However, legislation has been changing to make the collection of the benefit more flexible and make it possible to work and be retired at the same time, provided that certain circumstances are met.
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