The GMP retirement is the minimum retirement contribution for executive officers (“cadres”). The GMP is based on the equivalent of a virtual minimum salary. This minimum salary is only used for
The new social security ceiling for 2016 has been published. It increases of 1,514 % to 3 218€ per month. Reminder: It was of 3 170 € in 2015. In 2016
The lump sums paid to the employee, by the employer, as reimbursement of professional expenses are exonerate from the social contributions. However, this exoneration is limited. On the 1st of January,
When a company doesn’t pay its retirement contributions in due time, the retirement company is untitled to demand payment of penalties for late payment. The calculation of the penalties is
As of the 1st of January 2016 the legal hourly minimum wage “SMIC” will increase to 9,67€. In 2015 the SMIC was of 9,61 € per hour. This increase is
On the 1st of January the retirement contribution will increase. Here is the new retirement contribution rate: This increase is not a surprise as it was planned on December 2014.
During the Christmas period, employers may give gifts and vouchers to their employees. These vouchers are exempted from social contributions. However, this exemption is limited to 5% of the social
An employee lied during his recruitment interview. He claimed he had an experience as regional director which wasn’t true. This previous experience was a requirement for the employer. Therefore, the
Companies can provide to their employees a supplementary retirement fund benefit. If this benefit is fix and applicable at the end of the employee’s career this plan is called a
On the 1st of January 2016, companies with more than 9 employees will have to pay the retirement contributions monthly. This change also applies to companies of less than 9
