The rules concerning senior bonuses are designed to support a good working life for senior employees. These rules are regulated by the circular of December 16, 2024.
Who is entitled to a senior bonus?
Monthly-salaried employees are entitled to a senior bonus from January 1 of the calendar year in which they turn 62. If employment begins during the calendar year, the senior bonus is paid from the start date of employment.
The senior bonus amounts to 0.8% of the employee's fixed monthly salary and is paid monthly along with the regular salary. Hourly-paid employees are not covered by these rules.
The right to a senior bonus exists in addition to the senior schemes mentioned in the senior agreements.
Pension contributions are made from the senior bonus.
Upon the employee's request, the employer can pay an extraordinary pension contribution to the pension scheme that the employee is a part of.
Opportunity for self-funded senior bonus days
There is an option to take 2 self-funded senior bonus days. These days must be taken as full days. Previously, it was possible to convert the 0.8% bonus into senior bonus days; this is no longer possible.
Employees who turn 62 between January 1 and June 30 are entitled to take 2 senior days with salary deduction in the calendar year in which they turn 62.
Employees who turn 62 between July 1 and December 31 are entitled to take 1 senior day with salary deduction in the calendar year in which they turn 62.
Taking self-funded senior bonus days
The employee should contact their manager as early as possible if they wish to take self-funded senior bonus days. The employee registers the agreed senior bonus days in HCM. Unused senior bonus days will lapse at the end of the calendar year unless otherwise agreed with the immediate supervisor.
Questions regarding the rules can be directed to the SDU HR Staff