publish time

13/01/2017

author name Arab Times

publish time

13/01/2017

author name Arab Times
I have completed 18 years with my current employer and am signing a new contract. I want to know what will be my total indemnity based on my KD 500 basic salary.Name withheld Answer: The following is the calculation of your indemnity:Salary: KD 500Service: 18 years For the first five years 15 days for each year = 75 days but these days must first be divided by 26 (working days in a month) = 75 / 26 = 2.88 months salary For the rest of the service, one month’s pay for each year = 13 months payTotal indemnity = 2.88 + 13 = 15.88 months pay = 15.88 x KD 500 = KD 7,940So, KD 7,940 is the amount you are entitled to after 18 years of service.