Rescission Calculation CLT
Rescission Calculation CLT is a utility tool designed to assist individuals in calculating their employment contract termination payments accurately. When ending a career cycle at a company, various calculations are necessary to determine what the employer owes and to prevent any negative surprises. By utilizing this app, users can simulate their termination and understand all the severance benefits they are entitled to.
Understanding employment contract termination is crucial, as it is formalized through the TRCT (Term of Employment Contract Termination). This document contains vital information such as the employer and employee details, termination date, contract type, severance benefits, and more. Different types of employment termination, including dismissal for just cause, dismissal without just cause, mutual fault, consensual dismissal, resignation with just cause, and resignation without just cause, each have specific rules and guidelines regarding labor rights and severance payments.
The recent unification of the termination payment deadline means that regardless of the contract termination reason, companies have 10 days to settle the severance payment after the contract ends. Ensuring the payment of each severance benefit, including salary balance (overtime and other additional payments), worked or indemnified notice period, proportional 13th salary, FGTS – Fine of 20 to 40%, and accrued or proportional vacation pay, is crucial to avoid labor disputes. Deductions from the termination payment may include advances (overtime, salary, and others), meal allowances, social security contributions, unexcused absences, and transportation allowances if the employee resigns or is exempt from serving the notice period.
