How employment ends
Unjustified dismissal and voluntary resignation have different requirements and benefits.
Estimate severance or resignation benefit, vacation, year-end bonus and unpaid salary with auditable rules.
Private sector governed by the Labor Code
Article 58 grants 30 days per year and fractions, with a 15-day minimum and a cap of four daily minimum wages.
This is a gross estimate. Salary and vacation may have payroll deductions; statutory dismissal and resignation benefits are income-tax exempt. Agreements may improve these minimums.
These figures do not come from a text that says one thing: some come from a reading that is not the only defensible one, others from a value no document fixes. Each is explained.
LOANPILOT EMPLOYMENT 101
Unjustified dismissal and voluntary resignation have different requirements and benefits.
Years worked determine severance; voluntary resignation requires at least two continuous years.
The benefit uses ordinary daily pay, subject to the statutory cap tied to the sector's minimum wage.
Vacation plus 30%, year-end bonus and unpaid salary are calculated separately from severance.