Until when is there a deadline for the mid-year premium to be paid?

It should be noted that the salary that must be used to carry out this formula is the base one, so if extra bonuses are received monthly, this should not be included in the value of the premium.

What happens if the worker has not worked the entire semester?

If the worker has not worked the entire semester, the premium will be calculated proportionally to the time worked. For example, if a worker has worked for 150 days of the first semester, the premium will be calculated as follows:

Premium = $1,100,000 * 150 / 360. In this case, the premium is equal to $458,000.

Until when is there a deadline for workers to be paid their premiums?

In the middle of the year, companies that have workers on their payroll have a maximum period until June 30, 2024. In case of non-compliance, the worker can claim payment of the premium with default interest.

If the worker does not receive the premium, he or she can complain to the labor inspector of the jurisdiction where he or she is providing his or her services. The labor inspector may impose a fine on the employer for non-payment of the premium.

The service premium is a right dependent workers in Colombia. It is important to know how to calculate the premium to be able to claim if the employer does not pay it.