Transitievergoeding
Transition payment (transitievergoeding)
A transition payment (transitievergoeding) upon dismissal, calculated on the basis of years of service and salary.
The transition payment (transitievergoeding) is a financial compensation to which an employee is entitled upon dismissal by the employer or upon non-extension of a temporary contract. The amount is 1/3 gross monthly salary per year of service. Since 2020, every employee has been entitled to a transition payment (transitievergoeding) upon dismissal from the first day of work. The maximum transition payment (transitievergoeding) is adjusted annually.
“The transition payment (transitievergoeding) amounts to 1/3 monthly salary per year of service.”
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