Maximus
Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Change of Monetary Compensation payment for Unused Annual Leave

Dec 20, 2012
By Ecovis.Lt

On December 1, 2012 amendments to the Labor law came into force. With amended Labor Law Article 177, it is stated that if an employee was not granted annual leave for a period longer than one year, an allowance shall be paid for all unused annual leave, but for not more than three years’ of unused annual leave if the employee actually had a chance to use it and a collective agreement does not state differently. However, employees that have unused annual leave of more than three years till December 1, 2012, have the right to use it until December 1, 2015.

Moreover, in a case of termination of an employment contract until December 1, 2015, the monetary compensation payment for unused annual leave shall be paid for all unused annual leave (even if it is more than three years).

 MORE NEWS
  • EU citizens can stand for elec...
    VILNIUS - Under the proposal drafted by the Ministry of Justice, EU citizens, who ...
  • Lithuanian school affected by ...
    MOSCOW - Education reform implemented in Russia will affect Jurgis Baltrusaitis Se...
  • All parties in support of powe...
    VILNIUS - Leaders of Lithuania’s political parties represented at the parlia...
  • Russian TV banned...
    VILNIUS - Vilnius Regional Administrative Court on Friday satisfied the Radio a...
  • Defense spending to increase...
    VILNIUS - Lithuanian President Dalia Grybauskaite, during her annual State of t...
  • Lietuva in brief...
    The Bank of Lithuania has released a coin worth ten litas, dedicated to the cin...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.