Final Settlement
Category: Legal
final-settlement_kuwait

I am an Indian expatriate, working with a trading company. I joined this company on Sept 12, 2013. I want to know how much will be my final settlement and leave balance payment.

I have already resigned and my last day of working is Aug 17, 2016. My current salary is KD 300 and my company has informed me that final settlement amount is KD 337.600. This includes 17 days salary and leave salary. I have availed 2 years leave and rejoined the company on Feb 19, 2016.

Name withheld

Answer: First of all, as you have resigned without completion of three years service (including the 3-month notification period) you are not entitled to any indemnity.

You entitlement is only the salary for the 17 days of August and payment for whatever balance you have in your annual leave.

For the salary of August your payment works out to be KD 164.500 and for the balance of annual leave (if you have availed leave until Feb 19) KD 173.100. So the total will be KD 337.600. This means the calculation of the company is correct.

 

SOURCE : ARABTIMES

16 Sep, 2016 0 757
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