Wednesday 04 November 2009 
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COSTA RICA
 

˘462 Billion Colones In Aguinaldo To Boost Economy in December

Next month it is expected that some ˘462 billion colones will float the economy with the payment of the "aguinaldo" to some 421.000 salaries employees, according to a projection by the Encuesta de Hogares.

The aguinaldo, for simplicity, is equal to the average of one month's salary earned between December 1, 2008 and November 30, 2009 and payable between December 1 and 20th.

All public and private sector salaried employees are eligible to receive the aguinaldo and it is the responsibility of all employers to pay and on time the aguinaldo to every salaried employee that has been working for a month or more. Employers who fail to pay or do not pay on time, face a fine.

Public sector employees will be getting the highest average payment, calculated at ˘526.000 colones per person.

The Ministro de Trabajo, Álvaro González, said that it won't be until November 17th when his ministry will offer an exact calculation of the aguinaldo that will be paid by the government to each salaried employee.

A salaried employee also includes those employees who are working under contract, for a specific work to be performed or on an hourly basis.
 



 
 

 

 


 
 
 
 

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