December Bonus Calculator

December supplement according to VR's agreements are ISK 106,000 for the year 2024.

A full year’s employment, for this purpose, is 45 worked weeks or more, excluding holiday time or 1.653,75 hours for office workers or 1.743,75 for shop workers. 

The December supplement includes holidays, is a fixed number and does not change according to other provisions. The bonus shall be paid no later than on 15 December based on the employee’s job proportion and length of employment, to all employees who have been in continuous employment for the same employer for 12 weeks over the past 12 months OR who are employed during the first week of December. Accrued December bonus shall be settled upon termination of employment in the event that such termination occurs prior to the due date for the bonus.

Below you can calculate your December bonus. When entering the number of weeks per year, days without pay or used vacation days are not included.

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