The benefit includes the following three components:
The wages to which the employee is entitled that has not been paid by the employee;
The severance pay to which the employee is entitled that is not covered by the provident fund;
Provident fund payments for the employee that were supposed to be transferred by the employee but were not.
Indexation differentials from the day the debt was made to the day of the actual payment are be added to the wage and the severance pay paid by the National Insurance Institute. The payment for wages is made first, and only afterword is, severance pay paid, up to the maximum amount set by the law.
Deductions from the Benefit
The fees required by law are deducted from the approved benefit: income tax, and national and health insurance contributions.
Useful Advice regarding Employee Rights in case of Bankruptcy and Corporate Liquidation
To avoid delays in the treatment of your claim for benefit under the Law of Employee Rights in case of Bankruptcy and Corporate Liquidation, you are requested to carefully fill out all the information on the claim form attach the required documents, and file the claim to the trustee or liquidator as soon as possible.