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This legislation update offers a brief summary of the key components of Royal Decree 1484/2012, of October 29, 2012, on the financial contributions to be made by companies in profit performing collective layoffs affecting workers aged fifty or over, published in the Official State Gazette on October 30, 2012.

The royal decree sets out the procedure for making contributions to the Public Treasury by enterprises carrying out collective layoffs affecting workers aged fifty or over, subject to certain requirements (which are described below) in implementation of additional provision no. 16 of Law 27/2011, of August 1, 2011, on the updating, adapting and modernization of the social security system.

1. SCOPE OF APPLICATION
2. CONTRIBUTION AMOUNT
2.1 Items for determining the contribution amount
2.2 Calculating the contribution amount
3. ASSESSMENT AND PAYMENT OF THE CONTRIBUTIONS 
3.1 The information to be sent by the labor authority to the Central Government Public Employment Service 
3.2 Assessment procedure
4. OTHER PROVISIONS OF INTEREST
5. ENTRY INTO FORCE AND TRANSITIONAL RULES