Glossary entry

Spanish term or phrase:

Ley de Aguinaldo

English translation:

Year-end bonus law

Added to glossary by Claudia Aguero
Nov 6, 2006 15:18
17 yrs ago
11 viewers *
Spanish term

Ley de Aguinaldo

Spanish to English Law/Patents Law (general) Labor Proceeding
Fundamento esta acción en los artículos... siguientes y concordantes de la Constitución Política, artículos...... del Código de Trabajo de la Ley de Protección al Trabajador, Ley de Aguinaldo No. 2412.....

El texto corresponde a procedimiento laboral en Costa Rica.

Gracias por su ayuda

Proposed translations

+5
36 mins
Selected

Year-end bonus law

Es lo que usamos en mi país. Obligatoriamente debe pagarse a todos los empleados, sin importar el desempeño y el tiempo de laborar para la empresa. Además, si el empleado renuncia o es despedido, tiene derecho a la parte proporcional por el tiempo laborado.
Peer comment(s):

agree BelkisDV : Since the question is aimed at the Costa Rican market, your answer should be selected, as you have first-hand experience on the subject.
27 mins
thanks a lot! Unfortunately as freelancer I do not have this bonus.
agree Marina Soldati : The same applies to Argentina, but split in two, June and December.
34 mins
In my country, state employees receive another one in February (school bonus).
agree Marcelo González
2 hrs
gracias :) :)
agree AZjuancarlos
3 hrs
gracias :) :)
agree Miguel Fuentes : ok
7 hrs
gracias :) :)
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks Claudia"
5 mins

Law of Christmas or holiday bonus

I think it is relevant to Latin America
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+1
3 mins

Bonus Law

Aguinaldo es un bono que se otorga en Navidad a los empleados de una empresa.

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Note added at 7 mins (2006-11-06 15:26:13 GMT)
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#
The Seattle Times: Nation & World: Want a Christmas bonus? Find a job in Latin America
Daily local news, sports, arts and entertainment, and classified ads. ... This so-called aguinaldo — which means Christmas or New Year's gift — is the ...
seattletimes.nwsource.com/html/nationworld/2002698105_bonus22.html - 31k - Cached - More from this site
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Around The House In Guatemala
International Real Estate, Expatriate resources, Resources for Americans fleeing ... month's salary as Christmas bonus "Aguinaldo" or the equivalent proportion for ...
www.escapeartist.com/Guatemala_Lifestyles/Around_The_House.... - 21k - Cached - More from this site

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Note added at 11 mins (2006-11-06 15:29:44 GMT)
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#
Holiday pay a prized tradition
... labor without benefits or a formal contract are entitled to aguinaldo. ... several employers, all of whom are supposed to pay a prorated bonus set by law. ...
statesman.com/news/content/news/stories/world/12/25mexicobonus.html - 38k - Cached - More from this site
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newsobserver.com | Christmas bonus still revered
... labor without benefits or a formal contract are entitled to aguinaldo. ... employers, all of whom are supposed to pay a pro-rated bonus prescribed by law. ...
www.newsobserver.com/104/story/381792.html - 45k - Cached - More from this site
Peer comment(s):

agree Fabio Descalzi
8 mins
Thank you Fabio.
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+1
12 mins

law of compulsory annual bonus

También puede ser "semi-annual" (en Argentina se paga en julio y diciembre).

Global Legal Information Network, Legislative Yuan - [ Traduzca esta página ]Law. 23/10/1959, Law 2412 of 23 October 1959 provides for compulsory annual bonus to be paid to all private employees... Law ...
glin.ly.gov.tw/web/globalLegal.do?newQuery=true&continentId=4&method=data&countryId=11&is... - 55k - En caché - Páginas similares [PDF] REVIEW OF LAWSFormato de archivo: PDF/Adobe Acrobat - Versión en HTML
a compulsory annual bonus at 8. 1. /. 3. %. of the wages (a month’s wage) are. also features of the law that we have. proposed. These provisions will ensure ...
labour.nic.in/lcomm2/2nlc-pdfs/Chap-6A.pdf - Páginas similares


[PDF] CONCLUSIONS AND RECOMMENDATIONSFormato de archivo: PDF/Adobe Acrobat - Versión en HTML
employer and from the worker as also a compulsory annual bonus at 8. 1. /. 3. % of the wages. (a month’s wage) are also features of the law that we have ...
labour.nic.in/lcomm2/2nlc-pdfs/chap1-tosum.pdf - Páginas similares






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Note added at 35 mins (2006-11-06 15:54:40 GMT)
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Also, as suggested by Dr. Andrew: "Compulsory Annual Bonus Law"
Peer comment(s):

agree Dr. Andrew Frankland : Might be better as "compulsory annual bonus law"
6 mins
yep, I think you're right. Thanks.
disagree BelkisDV : Christmas bonuses are not compulsory, it is up to the company whether to award them or not. I never said "Christmas", bonuses can be awarded for other reasons.
10 mins
Aguinaldos are compulsory, "christmas bonuses" are not.-
agree Patricia Rosas : in Mexico and Costa Rica, it is complusory, and it is my understanding that it isn't related Xmas, so much as to the end of the year
16 mins
Gracias, Patricia
Something went wrong...
1 hr

Thirteenth Salary Law

Just an alternative.
In Argentina the amount of the "aguinaldo" is the same as your monthly salary. It is compulsory under our labor law and is paid 50% in June and 50% in December. So, if you think about it, it is an extra salary in the year. That is why some people/organisations (Deloitte) refer to it as "thirteenth salary."

Legal News - Deloitte & Touche Cía. Ltda - [ Traduzca esta página ]112 of the Labor Code , the Thirteenth Salary should not be included when calculating employee income tax . Therefore , employers should not perform the ...
www.deloitte.com/dtt/article/0,1002,sid%3D48497%26cid%3D104... - 40k - Resultado Suplementario - En caché - Páginas similares


IX. Labor Law Minimum Salary Working Hours Vacations Thirteenth ... - [ Traduzca esta página ]Thirteenth Salary Termination of Employment Minimum Salary ... All workers are entitled to so-called "Thirteenth Salary" (sueldo anual complementario or ...
www.bergsteinlaw.com/newdbuss9.htm - 12k - Resultado Suplementario - En caché - Páginas similares


Most employers expected to be generous with Xmas bonuses - 06-12 ... - [ Traduzca esta página ]The advantage of a thirteenth salary as opposed to a Christmas bonus is that the given sum of money is guaranteed regardless of how the firm is doing. ...
www.radio.cz/en/article/11444 - 37k - En caché - Páginas similares
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