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FOGASA

Wages Payment to / the workers their wages with bonuses, including handling, outstanding for declaration of insolvency or bankruptcy of the company.
The maximum amount payable by the Wage Guarantee Fund, is the result of multiplying the minimum wage three times daily with proration of bonuses, the number of days outstanding, with more than hundred and fifty days .

Compensation Payment to

/ the workers of compensation fixed by a decision, order, conciliation court or administrative decision in favor of workers because of dismissal or termination of contracts in accordance with art. 50.51 and 52 of this Act, and termination of contracts under art. 64 of Act 22/2003 of 9 July, Bankruptcy Law, as well as compensation for termination of temporary or fixed-term cases that are legally due. In all cases the limit of an annuity, without the daily wage, base of calculation, exceed three times the minimum wage, including the share of bonuses.
The amount of compensation, for the sole purpose of payment by the Wage Guarantee Fund in cases of dismissal or termination of contracts will the worker's mediating cause, shall be calculated on the basis of thirty days per year service.
The maximum amount payable is an annuity, without the daily wage, the basis of computation may not exceed three times the minimum wage, with extra payments.
Exceptions:

In companies with less than twenty-five workers, the wage guarantee fund becomes effective 40 per 100 of the statutory compensation corresponding to each worker when the employment relationship is terminated pursuant to collective redundancies or where it is objectively acknowledged need to amortize jobs due to economic, technical, organizational or production without having to prove the insolvency or bankruptcy proceedings .
The calculation of this refund will be adjusted on the compensation ceiling of an annuity, without the daily wage basis of calculation may not exceed three times the minimum wage to pay extra.

SMI Triple daily with proration of extras: EUR 73.74

wage limit: 11,061 euros

compensation limit : 26915.10 euros

Limit 40%: 10,766.04 euros

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