pension legislation on the shovel
By 1 January 2005 the early retirement - and early retirement regulation has been abolished by the cabinet. This regulation by some companies gratefully was used to be able dismiss older employees at a reorganisation in a neat manner. Gouden handdruk such as early retirement plan to create early retirement plan nevertheless a type, goes employers as follows work. Older employees get dismissal compensation (gouden handdruk) at a reorganisation, with which the employee buys tax-free a life interest or buy sum. The employee buys this way a number of periodically paid benefits which he receives until he goes with pension. This is a beautiful regulation, however State Secretary wine has here now put a rod for. If employers help this way their older employees to an alternative early retirement plan, they get imposed of the Tax and Customs Administration a sentence levy of 26%. When the Tax and Customs Administration notes afterwards that the dismissal compensation has been used as a type early retirement plan, the insurer must pay this sentence levy. You can for this reason just a life interest or buy sum buys if the Tax and Customs Administration gives for that authorisation you. Between two job in on 26 May last. published decision has no consequences on dismissal compensations which are used to bridge as the period between two job, generally the case is. If at a reorganisation all employees are dismissed, is no talk of a veiled early retirement plan - all employees get gouden a handdruk - and must there the employer no pay sentence levy. When only employees of 58 years and older their dismissal get, the aim of gouden the handdruk is, however, clear and to the Tax and Customs Administration the sentence levy will impose. cantonal judge formula the altitude of dismissal compensation is generally determined on the basis of the cantonal judge formula. This means that the employee one gets month salary per year of service paid. Nearly all dismissal compensations which have been determined on the basis of this formula, meet that State Secretary the criteria wine have established and therefore extra will not be charged. The decision of the State Secretary applies to dismissal compensations which have been granted after 26 May 2005. Arrangements which have come about by that date and where the dismissal in 2005, takes place, are not made by the extra levy.
Source "pension legislation on the shovel": General
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