Severance requirement in Switzerland
Severance requirement in Switzerland
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An
employee is only entitled to severance if they have at least 20 years of
service with the employer and are, at the same time, at least 50 years of
age. (339 (b) of the Code).
The
severance is then between 2 and 8 months' compensation (339 (c)).
However,
the employer can deduct statutory pension contributions paid during the
employment from this amount, and thus, in practice, the statutory severance
is typically zero (339 (d)).
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Comments
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N/A
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