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Updated : 09-Jul-2020

Retirement Gift

Eligible employees receive a Retirement Gift from Saint Louis University - Madrid Campus. Eligible employees are defined as those who at the legal retirement age:

- Have completed at least 5 full years of service.
- Qualify for retirement according to Spanish Social Security Law and are filing for retirement.

Full-time employees will receive a gift of 1,000 € before taxes for every five completed years of service. For part-time and per course employees, this amount will be prorated in the following manner:

Part-time employees - (hours worked per day / 8 hours) x 1,000 €

Per-course employees - (number of average credits for FL/SP terms during the last 5 years of service/ 12 credits) x 1,000 €