The thirteenth salary in Colombia, or "prima de servicios," is a legally mandated benefit paid in two installments annually. It provides additional financial support to employees and is calculated based on the total salary earned.
Key Points
Legal Requirement: The thirteenth salary, known as "prima de servicios," is mandated by Colombian labor laws.
Payment Schedule: The payment is typically made in two installments:
First Installment: Paid by June 30.
Second Installment: Paid by December 20.
Calculation: The thirteenth salary is equivalent to one-twelfth of the total salary earned by the employee during the respective half-year period. It includes base salary and any other regular compensation.
Eligibility: All employees are eligible for this benefit, regardless of the type of employment contract. Part-time employees receive a prorated amount based on their earnings.
Employer Responsibilities
Timely Payment: Employers must ensure that the prima de servicios is paid on time as stipulated by law.
Record Keeping: Employers should maintain accurate records of payments made to each employee to ensure compliance.
Employee Rights
Entitlement: Employees are entitled to receive the prima de servicios regardless of their job position or contract type.