2024-03-07 19:53:06
The fines for companies for not paying the fourteenth salary on the Coast and Galapagos range up to USD 9,200.
Employees under a dependency relationship who work on the Coast and in the Galapagos Islands must receive the fourteenth salary or school bonus until Friday, March 15, 2024. The fourteenth salary for 2024 consists of a complete unified basic salary; that is, USD 460.
This bonus, on the Coast, takes into account the period from March 1 of the previous year to February 28 of the current year. But if the employee worked less than that time, he must receive a proportional value for the time he has worked.
Accumulate or monthly?
Something you should know is that this tenth, as well as the thirteenth salary (which is collected in the Sierra in August), can also be monthly or accumulated. To make it monthly, it is necessary to submit a written request to the employer within the first 15 days of January, so that the request is processed successfully. If, on the other hand, you were monthly and want to accumulate, you must also follow the same process.
Other beneficiaries:
Retirees from the Ecuadorian Social Security Institute (IESS).
Pensioners of Military Insurance and the National Police.
Domestic workers.
If your employer did not pay the fourteenth by the maximum date, you will have to pay a fine ranging from three to 20 unified basic salaries (USD 9,200). #ben
By: PRMICIAS