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Post by account_disabled on Jan 3, 2024 3:48:50 GMT -5
Funds Compensation funds were created through Law No. and are autonomous funds that is they have legal personality and are managed by the Social Security Capitalization Management Institute . The main objective of these funds is to ensure that workers receive at least of the compensation to which they are entitled in the event of termination of employment due to dismissal . They allow the company to set aside a value to be used in this eventuality so that the financial impact on the company is smaller. Before the creation of compensation funds workers were left unprotected if the employer did not have the means to pay the compensation to which they Phone Number List were entitled. There are two compensation funds the Work Compensation Fund FCT and the Work Compensation Guarantee Fund FGCT . Both funds serve the same objective and the only differences between them are the fact that FGCT is a mutual fund and is operated differently. How do I join the Compensation Funds Membership of the compensation funds is done by the employer on the compensation funds' official website . You will need to present the following information Name Social Security Identification Number NISS Legal Person Identification Number NIPC Headquarters address Location Postal Code Telephone Email IBAN.
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