Easter Gift 2024: Who are the beneficiaries, how is it calculated and when is paid

Countdown about a month and a half runs from today (13.3.2024) to pay to all private sector. The payment of Easter Gift to employees, by law, is made until Great Wednesday, which this year falls 1 May. According to the GSEE Workers and Unemployment Information Centre, all employees employed in the private sector with an employment relationship of indefinite or fixed duration are entitled to receive a Easter gift from their employer. In calculating the amount of Easter Gift, account shall be taken of the manner in which employees are paid, i.e. whether they are paid on a salary or salary. The period of time the Gift is calculated shall begin from 1 January to 30 April each year. Therefore, if one works the entire period above, he is entitled to receive half a monthly salary if he is paid a salary and 15 wages if he is paid a salary. However, where the employment relationship between an employee and his employer did not last the entire period referred to above, either because he voluntarily left work, or because he was dismissed, he is entitled to receive a Gift Ratio calculated as follows: For wage-paid persons, an amount equal to 1/15 of half a month’s salary or a day’s salary according to the agreed way of remuneration, for every eight calendar days. If one works less than eight days one is entitled to a similar fraction for Easter Gift. When Easter Gift is paid Easter Gift is paid on Great Wednesday, of course it is understood that the employer may pay the gift earlier than the above date. For Easter Gift contributions are withheld in favour of IKA and Tax for Employee Services. Easter gift is under no circumstances allowed to be paid in kind, but only in money. Time taken into account in Easter Gift Not removed but taken into account for the calculation of Easter Gift: The time of compulsory abstinence from women’s work before and after childbirth. The period during which a student took a student’s leave to take an exam. The time of authorisation for bath therapy, if there is an opinion from an insurance body. If the employed person has been ill during the above period, only the days he received sickness benefit from the insurance institution will be deducted. Example: If an employee was absent from work due to illness 60 days and received sickness benefit from his insurance fund only for 40 days, only the 40 days for which he was subsidised and not the 60 will be deducted from the working relationship period. Time not included in Easter Gift The days on which the employee was absent from work are not calculated unduly or due to unpaid leave. The absence of workers due to trade union activity (i.e. the time of trade union leave) is not taken into account. With regard to the strike, the court case-law accepts that the days of the strike are not calculated at the time of the employment relationship because the absence of the employee is due to his own will and cannot therefore be described as a justified absence. By analogy, the same applies to workstations, since they are actually a strike. Calculation of the Gift The basis for calculating the gift is the earnings actually paid to employees on the 15th day before Easter. If the working relationship has been resolved before the above date Easter Gift is calculated on the basis of the earnings paid the day the working relationship was resolved. As a salary paid or a salary, it is the total of regular salaries. The concept of regular remuneration includes salary or salary, as well as any other provision (whether in cash or in kind, such as overtime, legal overtime, leave allowance, balance-sheet allowance, food allowance, residence allowance, etc.) as long as paid by the employer in exchange for the work provided by the employee, regularly each month, or repeatedly at certain times of the year. Regular remuneration also includes leave allowance. Therefore, the employee will receive the Easter Gift plus the leave rate of 0.04166 e.g. an Easter gift worker of EUR 900, with an increase in the leave rate of EUR 938