Do you also receive financial statement information about your claims for severance pay and are you not quite sure what to do with it? We give you an overview of the “New Clearance” and explain what you should pay attention to. And we reveal who criticizes the current system and why.
After 20 years it is anything but new, as it is still called. The “new severance payment” applies to all employment contracts entered into from January 1, 2003. Companies regularly pay into a provision fund to save severance payments for employees. But do you know how high their claim is, what happens to the money in the meantime or when it makes sense to combine credits from several jobs?
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
