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Calculating compensation and account closure

Calculating compensation and account closure

Compensation and retirement grants can be calculated for any employee terminating employment through the compensation or pension retirement tracks, including adaptation grant, advance notification, vacation redemption, sick leave redemption, and more.

The system allows handling all existing pension and provident funds; ongoing calculations for deductions and differentials; pension fund deductions for self-employed; automatic transfer of taxable deductions and differentials from the fund to the non-taxable fund.

The system also allows dynamically dividing the pension gross into funds and fully implementing all requirements of the law.

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