15 Dec Maximum transition payment increased
Maximum transition payment increased
The transition payment is subject to a maximum (Article 7:673 of the Dutch Civil Code). This maximum can be increased every year. As of Jan. 1, 2023, the maximum severance pay is EUR 89,000 gross or one gross annual salary, whichever is higher. In 2022, the maximum severance pay was EUR 86,000 gross.
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