The December bonus is a fixed sum and vacation pay is not calculated as an addition to the December bonus.
SA – Confederation of Icelandic Enterprise – The private sector (private companies) 98.000 kr.
Those who are employed during the first week of December or have been employed by an employer for 12 consecutive weeks during the last 12 months have a right to a bonus no later than on December 15th. A full year’s job is seen as 45 weeks or 1800 hours during the period of January 1st to December 31st.
The City of Reykjavík 109.100 kr. – The State / nursing homes 98.000 kr.
Those who are employed during the first week of November or have worked for 13 consecutive weeks during the year are to be paid a December bonus on December 1st of each year. A full bonus is paid out to those fully employed during the period of January 1st to October 31st.
Municipalities 124.750 kr.
An employee in a 100% employment ratio receives a personal supplement on 1 December each year. Payment shall be made proportionally to the employment rate and working hours of the last 12 months before the payment date.
The December bonus is paid out in proportion to the employment ratio and the period of employment.
The December bonus is to be paid out at the end of employment.