Severance pay calculation

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Severance pay calculation

Serbian Labour Law (Zakon o radu), Articles 119, 158 and 159

The employee

Name [FULL NAME]

Job title [JOB TITLE]

Employer [EMPLOYER]

Town [TOWN]

Reason [REDUNDANCY / RETIREMENT]

Completed years with the employer [YEARS]

Average monthly pay (last 3 months) RSD [AMOUNT]

The calculation

Item Amount

One third of pay RSD [AMOUNT]

Redundancy: one third × completed years RSD [AMOUNT]

Retirement: 2 × average salary in Serbia (RZS) RSD [AMOUNT]

Severance — minimum RSD [AMOUNT]

Redundancy: at least one third of pay for each completed year of employment with the employer, paid before dismissal (Art. 158).

Pay is the average paid for the last three months before the month of payment (Art. 159).

Retirement: at least two average salaries in Serbia according to the latest Statistical Office figure (Art. 119).

Request for payment of severance

[FULL NAME]

[ADDRESS] · JMBG [PERSONAL ID NUMBER] · [PHONE]

[TOWN], [DATE]

[EMPLOYER]

For the attention of the director and HR

By registered post with advice of delivery, or by hand against a receipt

Subject: request for payment of severance and final settlement

Dear Sir or Madam,

My employment as [JOB TITLE] ends on [END DATE OF EMPLOYMENT] because of [REASON], after [YEARS] of work with your company.

Under [ARTICLE] of the Labour Law, I ask you to pay me severance of at least RSD [AMOUNT], as shown in the attached calculation, together with my pay for the last month and pay in lieu of unused annual leave (Article 76).

I also ask for a certificate stating the start and end dates of my employment and the work I did (Article 189a).

If the amounts are not paid, I reserve the right to protect my rights before the competent court.

Yours faithfully,

[FULL NAME] Signature: ________________

Attachment: severance calculation.

After your job ends: check

What When Done

Redundancy severance paid before dismissal (Art. 158) before dismissal ☐

Pay for unused annual leave (Art. 76) with the final pay ☐

Certificate of employment (Art. 189a) on request ☐

Register with the National Employment Service (unemployment benefit) as soon as possible ☐

Arithmetic under the Serbian Labour Law, not legal advice.