Emirates: Downgrading Terms again???
Provident Fund / End of Service Gratuity
Upon leaving the company, employees are entitled to an End of Service Gratuity (for an employment period of less than 5 years) or Provident Fund payment.
End of Service Gratuity is calculated at 21 days basic salary per annum for the first 5 years of service, and 30 days basic salary per annum for each year of service thereafter.
The Provident Scheme is a long-term savings plan in which the employee contributes 5 percent of basic salary, and the company contributes 12 percent (starting after 5 years of service
Starting after 5 years???
Until now, I knew you couldnt have access to it before 5 years, but atleast it summed up from day 1 if im not mistaken..
So now, if ur in the company say 10years..you only get 5 years of Provident Fund or what??
Oh and another thing: The basic salary says: ie F.O 25320 based on average block hours flown. What is this meaning, what does the base on block hours flown have to do with basic salary? if im on leave and fly 10hours..I dont even get my full basic?
im sure they dont just write this for the fun..theres gotta be a meaning and its different from before..
One last thing, not to do with EK..this is seen on other threads that Dubai is now making u pay 5% of your rent as tax..