Definicja long service payment
Payment to which an employee who has worked for the company for 5 or more years is legally entitled to if his or her employment is terminated (other than summary dismissal or redundancy), he or she dies or retires (age 65 or above). It is reduced by any gratuity or the employer's non-mandatory contribution to a retirement scheme.
An employee is eligible for either the severance payment or the long service payment but not both.
Słownik i definicje SAPa na L.