The deadline to pay the Christmas premium is December 20. Here’s how to find out how much you’ll receive.
The month of December arrives, one of the most anticipated dates for Colombians to enjoy with family and friends, in addition to being the time when thousands of workers receive the famous christmas bonus. This is why many people wonder how much they must earn to receive $2,000,000.
According to the Ministry of Justice, “the service premium It is the remuneration that the employer makes for the economic and social benefits obtained from the worker. This benefit consists of a mIt is a salary for each year of work or proportional if you have worked less, which is paid in two installments during the year.. The first in the month of June and the second during the first twenty (20) days of the month of December.”
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During these days, Colombians will begin to receive payment of the Christmas cousin, with a limit until December 20, which is why many people wonder how much they will receive and what they need to get it to them $2,000,000.
How much must you earn to receive $2,000,000 in bonuses for Christmas?
To calculate the christmas bonus and determine if you can receive $2,000,000, It is necessary to apply a simple formula that corresponds to the calculation per semester worked. This payment is calculated taking into account the time worked during the semester, as well as the worker’s monthly base salary.
The formula is as follows: (Base salary x 180 days) / 360 days. This means that you must take your monthly base salary, multiply it by 180 days (which correspond to a semester), and then divide the result by 360 days, which is the total length of the year.
For example, if your base monthly salary is $4,000,000, the calculation would be like this:
Premium = ($4,000,000 x 180) / 360 = $2,000,000. This means you need a base salary of $4,000,000 to receive $2,000,000 as a bonus.
Also read: Who will receive $731,000 Christmas bonus in December?
It is essential to mention that those who have a salary of $4,000,000 will receive $2,000,000 as bonus in decemberas long as they have worked throughout the second semester. Otherwise, the amount of the premium will be lower, since it will be adjusted to the time worked.
