Q:
A:
Solidarity Fund begins its work
Belgrade,
16 September 2005
Serbian Minister of Labour, Employment and Social Policy Slobodan Lalovic said today that the Solidarity Fund has begun its work. This Fund was established by the Labour Law with the aim of paying out overdue payments to workers whose employers went bankrupt.
Slobodan Lalovic at today's press conference
Lalovic told a press conference that the Fund's budget for this year is 300 million dinars, and that financial means for 2006 have also been envisaged.
He explained that the funds from the Solidarity Fund will be paid out when it is established that a bankrupt company does not have enough funds to meet its liabilities towards employees. There are four grounds for the payment of funds.
The first obligation of the employer is the payment of salaries for the period of absence from work due to a temporary inability to work, in the case that salaries for the last nine months before the beginning of bankruptcy proceedings have not been paid out. He said that the amount in question is nine unpaid minimum wages.
The second obligation is the payment of compensation in the amount of a minimum wage to the employee if the employer did not allow him to use his annual leave for the calendar year in which the bankruptcy proceedings were launched.
The third obligation is the payment of severance pay in the calendar year in which the bankruptcy proceedings were launched, if the employee acquired the right to retirement before bankruptcy proceedings. The Fund will pay out three average monthly salaries.
The fourth obligation is the payment of compensation for accidents at work, on the basis of a court decision brought in the calendar year in which the bankruptcy proceedings were launched, in an amount set by the court.
Lalovic said that the introduction of the Solidarity Fund is the fulfilment of one of the conventions of the International Labour Organisation and a European Union directive, and that such an institution is common for countries with a market economy.
He explained that the funds from the Solidarity Fund will be paid out when it is established that a bankrupt company does not have enough funds to meet its liabilities towards employees. There are four grounds for the payment of funds.
The first obligation of the employer is the payment of salaries for the period of absence from work due to a temporary inability to work, in the case that salaries for the last nine months before the beginning of bankruptcy proceedings have not been paid out. He said that the amount in question is nine unpaid minimum wages.
The second obligation is the payment of compensation in the amount of a minimum wage to the employee if the employer did not allow him to use his annual leave for the calendar year in which the bankruptcy proceedings were launched.
The third obligation is the payment of severance pay in the calendar year in which the bankruptcy proceedings were launched, if the employee acquired the right to retirement before bankruptcy proceedings. The Fund will pay out three average monthly salaries.
The fourth obligation is the payment of compensation for accidents at work, on the basis of a court decision brought in the calendar year in which the bankruptcy proceedings were launched, in an amount set by the court.
Lalovic said that the introduction of the Solidarity Fund is the fulfilment of one of the conventions of the International Labour Organisation and a European Union directive, and that such an institution is common for countries with a market economy.
-
Belgrade, 22 January 2025Egypt one of Serbia’s closest partners on international stage
-
Belgrade, 9 July 2024Support for 104 associations in diaspora that preserve Serbian language, culture
-
Belgrade, 15 April 2024Competition for StarTech grants open until 31 May
-
Belgrade, 2 October 2023Serbia respects Resolution 1244 and will do everything to preserve peace
-
Belgrade, 13 September 2023Day of Serbian Unity to be celebrated outside borders of Serbia, Republika Srpska for the first time
-
Belgrade, 8 August 2023RSD 24.2m in state aid paid out to citizens affected by storm
-
Belgrade, 17 June 2023Belgrade is doing everything to preserve peace in Kosovo and Metohija
-
Belgrade, 15 June 2023Slovenia will continue to support Serbia on its way to EU
-
Belgrade, 5 May 2023Emergency measures, tightening of conditions for possessing weapons
-
Belgrade, 3 May 2023Three days of mourning in Serbia over tragedy at Vladislav Ribnikar primary school