Complete guide to calculate your settlement for dismissal or end of contract.
Frequently Asked Questions (FAQ)
Since the 2012 reform, it is 33 days per year worked, with a maximum of 24 monthly payments.
Updated to 2026 Regulations
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Complete guide to calculate your settlement for dismissal or end of contract.
Dismissal Glossary
- Settlement
- Document detailing the amounts the company owes the worker at the end of the contract (vacations, accrued extra payments).
- Severance
- Mandatory economic compensation for unfair dismissal (33 days/year) or objective dismissal (20 days/year). Does not apply in voluntary resignation.
- Daily Salary
- Result of dividing the gross annual salary by 365. It is the basis for calculating both severance and vacations.
- Seniority
- Time worked in the company from the date of start to the date of termination. Calculated in years, months, and days accurately.
- Extra Payments
- By law, workers are entitled to two extra payments per year (Christmas and Summer). In the settlement, the accrued and unpaid proportional part is received.
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