If your workplace goes bankrupt, your employment can end with a two-week notice period. You might not get your salary or other payments. The pay security system ensures that workers get their salaries and other employment-related payments if the employer cannot pay because of insolvency.
You must apply for pay security within three months after your payment is due. This means you need to submit your application no later than three months after the payday when you first did not get paid because of the employer’s financial issues. Pay security covers different types of payments, like salaries and holiday bonuses, up to a maximum of 19,000 euros. Taxes and some limits apply to pay security.
When applying for pay security, you need proof…
