Complete guide: Termination settlement · Venezuela
Updated:
Benefits: higher of historical guarantee or 30 days per year/remainder over 6 months; under 3 months: 5 days per month/remainder. Enter guarantee from statements, including additions; it is not reconstructed from final salary. Unjustified dismissal adds equal article 92 compensation. Employment protection and reinstatement require separate review.
Private-sector employees under LOTTT. Normal salary does not automatically include non-salary bonuses.
Estimates in local currency, without conversion. Document review: 2026-10-23; laws, tables and monetary units are not automatically synchronized. Default salaries are examples, not legal minimum wages. Check your contract, collective agreement and payslip before making decisions.
Sources and legal scope
Document review: 2026-10-23
How it works
- 1Settlement = applicable indemnity + notice + service benefits + accruals − received payments.
- 2Separate salary bases, accrued entitlements and payments already received.
- 3Compare the result with the sources and the stated employment scenario.
Frequently asked questions
Which Venezuela rules apply?
Benefits: higher of historical guarantee or 30 days per year/remainder over 6 months; under 3 months: 5 days per month/remainder. Enter guarantee from statements, including additions; it is not reconstructed from final salary. Unjustified dismissal adds equal article 92 compensation. Employment protection and reinstatement require separate review.
Is this a final tax filing or employment claim calculation?
Private-sector employees under LOTTT. Normal salary does not automatically include non-salary bonuses.
Are inputs preserved when sharing?
Yes. The link retains entered amounts and options. Laws may change; check the date and sources.