Question

Dear All,

Would like to check how your company practices bonus payment for the staff who enter into re-employment contract when staff turn 62 years old.

1. Do you pay variable bonus in the year when the staff enters into 1st year of re-employment contract?

2. If so, do you prorate variable bonus?

3. Or you do not pay variable bonus in the year when staff enters into re-employment?

Your input is much appreciated.

Mike

Reply 1

We still continue to pay variable bonus in the year when the staff enters into 1st year of re-employment contract and we do not pro-rate variable bonus.

We are in the finance industry.

NL