prima legal

English translation: statutory bonus

03:32 Oct 18, 2020
Spanish to English translations [PRO]
Law/Patents - Law (general) / Colombia
Spanish term or phrase: prima legal
This is one additional monthly salary that is paid in a two parts over the year to workers in Colombia. What is the accepted term in English? Mandatory extra monthly salary?
Heather Hayes
Ecuador
Local time: 08:49
English translation:statutory bonus
Explanation:
This is from Colombia:

Semestralmente, los trabajadores asalariados reciben como pago el equivalente a 15 días de trabajo. Este pago, conocido como la “Prima Legal de Servicios” debe ser liquidado, pagado y tributariamente tratado de acuerdo a las normas vigentes...

La prima de servicios se constituye como una prestación social, que debe reconocer el empleador y a la cual tienen derecho los trabajadores, independientemente de las utilidades de la empresa.

Actualmente, la obligatoriedad de este pago está reglamentada por el Código Sustantivo del Trabajo, en el Título IX, artículos 306, 307 y 308, donde se determina no solo el derecho de los empleados a percibir esta remuneración, sino también la cantidad, forma y fechas de pago, entre otras características.

http://actualicese.com/prima-legal-de-servicios-2/
Selected response from:

philgoddard
United States
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3statutory bonus
philgoddard
413th-month bonus
David Hollywood


  

Answers


8 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
13th-month bonus


Explanation:
13th-month pay—also sometimes referred to as the 13th-month bonus, 13th-month salary, or thirteenth salary—is a monetary benefit that is either mandatory by law or customary for the countries that participate.

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Note added at 9 mins (2020-10-18 03:41:45 GMT)
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tipo "aguinaldo"

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Note added at 9 mins (2020-10-18 03:42:31 GMT)
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en Argentina se paga 2 veces por año

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Note added at 11 mins (2020-10-18 03:44:36 GMT)
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implemented in many countries worldwide

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Note added at 14 mins (2020-10-18 03:46:58 GMT)
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e.g. dreizehntes Monatsgehalt in Germany

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Note added at 16 mins (2020-10-18 03:48:56 GMT)
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el sueldo anual complementario (SAC), más conocido como "aguinaldo", es un sueldo extra que en la Argentina se cobra en dos cuotas semestrales. Se calcula como el cálculo del 50% de la mayor remuneración mensual devengada por todo concepto dentro de cada mitad del año. Para conocer su composición y cálculo es útil conocer la historia del 13º salario.

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Note added at 18 mins (2020-10-18 03:51:09 GMT)
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we always look forward to it in Argentina

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Note added at 19 mins (2020-10-18 03:51:45 GMT)
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helps to pay the bills lol

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Note added at 25 mins (2020-10-18 03:58:01 GMT)
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13th month pay (also known as 13th-month bonus, 13th-month salary, thirteenth salary, or aguinaldo or prima in Spanish) is a monetary benefit ...


David Hollywood
Local time: 10:49
Works in field
Native speaker of: English
PRO pts in category: 1245

Peer comments on this answer (and responses from the answerer)
neutral  philgoddard: I don't think you can ignore "legal". And your last few notes are about a different benefit from another country.
2 hrs
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
statutory bonus


Explanation:
This is from Colombia:

Semestralmente, los trabajadores asalariados reciben como pago el equivalente a 15 días de trabajo. Este pago, conocido como la “Prima Legal de Servicios” debe ser liquidado, pagado y tributariamente tratado de acuerdo a las normas vigentes...

La prima de servicios se constituye como una prestación social, que debe reconocer el empleador y a la cual tienen derecho los trabajadores, independientemente de las utilidades de la empresa.

Actualmente, la obligatoriedad de este pago está reglamentada por el Código Sustantivo del Trabajo, en el Título IX, artículos 306, 307 y 308, donde se determina no solo el derecho de los empleados a percibir esta remuneración, sino también la cantidad, forma y fechas de pago, entre otras características.

http://actualicese.com/prima-legal-de-servicios-2/

philgoddard
United States
Specializes in field
Native speaker of: English
PRO pts in category: 860

Peer comments on this answer (and responses from the answerer)
agree  Diana Maudslay: Before reading that it was about salary, I would have translated it as Statutory Premium, after some FairTrade translations I did used prima as premium paid for the FT product. Thank you, Phil, for the web resource too.
1 hr

agree  Adrian MM.: https://www.proz.com/kudoz/spanish-to-english/law-contracts/...
1 hr

agree  patinba
5 hrs
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