Glossary entry (derived from question below)
Spanish term or phrase:
con un máximo de veinticuatro mensualidades
English translation:
up to a maximum of 24 months\' pay
Added to glossary by
Wendy Cummings
Nov 18, 2010 13:00
14 yrs ago
1 viewer *
Spanish term
United Kingdom
The highest professional standards
Native in: English
Works in: Spanish to English, French to English
con un máximo de veinticuatro mensualidades
Spanish to English
Bus/Financial
Human Resources
incapacity payment
If an employee is declared as having a total permanent incapacity, the company will pay him a certain sum. As far as I can tell this is a one-off payment. It is referred to as a complemento de incapacidad and is equivalent to 15 months' pay plus a bit more.
El complemento se verá incrementado en un 4% por cada año de edad del empleado por debajo de 55, prorrateándose la cantidad de acuerdo con la edad exacta en la fecha efectiva de la baja, con un máximo de veinticuatro mensualidades.
Therefore, if its a lump sum payment, the idea of "24 monthly installments" doesn't seem to make sense here (at least, it could be calculated as a lump sum then paid over 24 months, but it seems a little odd to tack it onto the end of this particular sentence). Another option that occurs to me is that the age ajustment will be prorated but rather than for the employee's age in days, then for his age in half-months (=24).
Then again, it could be something completely different!
TIA.
El complemento se verá incrementado en un 4% por cada año de edad del empleado por debajo de 55, prorrateándose la cantidad de acuerdo con la edad exacta en la fecha efectiva de la baja, con un máximo de veinticuatro mensualidades.
Therefore, if its a lump sum payment, the idea of "24 monthly installments" doesn't seem to make sense here (at least, it could be calculated as a lump sum then paid over 24 months, but it seems a little odd to tack it onto the end of this particular sentence). Another option that occurs to me is that the age ajustment will be prorated but rather than for the employee's age in days, then for his age in half-months (=24).
Then again, it could be something completely different!
TIA.
Proposed translations
(English)
| 3 +2 | up to a maximum of 24 months' pay |
Lanna Rustage
|
| 4 | up to 2 years |
Vladimir Martinez
|
Proposed translations
+2
17 mins
Selected
up to a maximum of 24 months' pay
Since you say "equivalent to 15 months' pay plus a bit more" - and they are talking about increasing it for every year by which the employee is under 55 (incrementado en un 4% por cada año de edad del empleado por debajo de 55, prorrateándose la cantidad de acuerdo con la edad exacta en la fecha efectiva de la baja), I understand it to mean that the maximum amount payable is 24 months pay
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Note added at 2 hrs (2010-11-18 15:58:06 GMT)
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To make this clearer, the "24 mensualidades" can I believe be understood to mean 24 months' pay. Collins (http://dictionary.reverso.net/spanish-english/mensualidad) has mensualidad = monthly salary as the first meaning, before monthly installment/payment. So, people under 55 will receive more than the 21 months' pay, but never more than 24months' pay
--------------------------------------------------
Note added at 2 hrs (2010-11-18 15:58:06 GMT)
--------------------------------------------------
To make this clearer, the "24 mensualidades" can I believe be understood to mean 24 months' pay. Collins (http://dictionary.reverso.net/spanish-english/mensualidad) has mensualidad = monthly salary as the first meaning, before monthly installment/payment. So, people under 55 will receive more than the 21 months' pay, but never more than 24months' pay
Note from asker:
| Yes, that might be it. |
Peer comment(s):
| agree |
Fernando Moldes
3 hrs
|
|
Thanks, Fernando!
|
|
| agree |
Ruth Ramsey
7 hrs
|
|
Thanks, Ruth!
|
4 KudoZ points awarded for this answer.
Comment: "Thanks for the explanation, it helped a lot."
28 mins
Vladimir Martinez
Spain
Spain
Native in Spanish
Works in field
Spain
Even Sport items
Native in: Spanish (Variant: Cuban) 
Works in: Spanish to English, Italian to English, English to Spanish, and 2 more.
up to 2 years
maximun 2 years
Discussion
You receive one month's salary for every year's service with the company - in this case the maximum is 24. Even if the employee has spent 30 years working for it he/she only receives 24 months (plus whatever other arrangements are in place)