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Pablo
Joined: 15 Dec 2011
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 Posted: Sat Oct 06, 2012 9:16 am Post subject: Mid-contract salary change / Severence calculation |
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| Hello. If a salary is amount X for 8 months and then it is re-negotiated mid-contract to amount Y for the remaining months, how should the severence be calculated? Is there a legal formula? The paper contract has not been changed and won't be changed. It's a verbal agreement. Thanks for any information. |
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YTMND
Joined: 16 Jan 2012
Location: You're the man now dog!!
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| Posted: Sat Oct 06, 2012 10:49 am Post subject: |
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| Quote: |
| The paper contract has not been changed and won't be changed. |
Then, aren't you kind of illegally taking more money for 4 months without reporting it? |
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Otherside
Joined: 06 Sep 2007
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| Posted: Sat Oct 06, 2012 11:12 am Post subject: |
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Severance is based on the average of your pay for the final 3 months of the contract.
In many cases overtime can bump up the severance.
EG. 2.1 mill a month/salary In final month I earn 600k overtime, that means my total for the final 3months is 6.9mill / 3 = 2.3m severance. |
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Pablo
Joined: 15 Dec 2011
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| Posted: Sat Oct 06, 2012 7:13 pm Post subject: |
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| YTMND wrote: |
| Then, aren't you kind of illegally taking more money for 4 months without reporting it? |
Gives you a bit of a thrill, does it, YT? |
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YTMND
Joined: 16 Jan 2012
Location: You're the man now dog!!
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| Posted: Sat Oct 06, 2012 7:42 pm Post subject: |
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| This type of thrill might get the thread locked. I don't see how it's any different than an E2 taking a private, and that is something moderators on here don't like. |
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NYC_Gal 2.0
Joined: 10 Dec 2010
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| Posted: Sat Oct 06, 2012 10:47 pm Post subject: |
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| If taxes and pension are being paid, it isn't illegal. The contract is protection, but getting paid more, if all of the proper fees are paid, isn't illegal at all. |
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Troglodyte
Joined: 06 Dec 2009
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| Posted: Sun Oct 07, 2012 4:26 am Post subject: |
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The severance has nothing to do with how much you made when you started. It is calculated solely based on how much you made in the last 3 months.
The extra money that you're being paid can be overtime payment or a travel allowance or anything else. If it's a regular payment that you get, it's used for calculating severance. Now if your boss is paying you in cash each month (as opposed to direct deposit into your bank account) then you might have a hard time proving how much you actually got paid. If it's going directly into your bank account, then you should have no problems on that account.
Do you get a pay slip each month that shows what deductions are made to your salary? tax, pension, NHI, etc.? |
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Pablo
Joined: 15 Dec 2011
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| Posted: Sun Oct 07, 2012 4:55 am Post subject: |
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| Troglodyte wrote: |
| Do you get a pay slip each month that shows what deductions are made to your salary? tax, pension, NHI, etc.? |
Yes, I do. I've kept them.
Thanks all for explaining. I think I get it now.
Last edited by Pablo on Sun Oct 07, 2012 5:04 pm; edited 2 times in total |
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ontheway
Joined: 24 Aug 2005
Location: Somewhere under the rainbow...
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| Posted: Sun Oct 07, 2012 1:25 pm Post subject: |
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| YTMND wrote: |
| Quote: |
| The paper contract has not been changed and won't be changed. |
Then, aren't you kind of illegally taking more money for 4 months without reporting it? |
It is perfectly legal for your employer to give you a raise.
Of course, this is a contract "change" and you might want to get a revised contract, but would you really want to bug your employer for one for this? In any case, no revision is necessary nor is it required for the raise to be legal. Without a contract revision it may not be enforceable, but it's legal.
You do have to pay the increased income taxes on the based on the new amount. The Pension Office and National Health insurance office will not change their billed amounts for a small raise. They will refuse. However, the National Health office will do a revision during their annual review time when the adjust rates individually, if you stay at your school more than a year so as to qualify for an adjustment - other factors are taken into account in the adjustment as well. |
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YTMND
Joined: 16 Jan 2012
Location: You're the man now dog!!
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| Posted: Sun Oct 07, 2012 3:46 pm Post subject: |
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| Quote: |
| It is perfectly legal for your employer to give you a raise. |
I didn't say it was illegal.
| Quote: |
| If taxes and pension are being paid, it isn't illegal. The contract is protection, but getting paid more, if all of the proper fees are paid, isn't illegal at all. |
| Quote: |
| You do have to pay the increased income taxes on the based on the new amount. |
And this was a given in the premise before I replied? |
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NYC_Gal 2.0
Joined: 10 Dec 2010
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| Posted: Sun Oct 07, 2012 4:00 pm Post subject: |
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| YTMND wrote: |
| Then, aren't you kind of illegally taking more money for 4 months without reporting it? |
| YTMND wrote: |
| I didn't say it was illegal. |
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