New system for time-credits

The new Belgian national agreement 103 (replacing the existing collective agreement 77bis) on time-credits will come into force in September 2012.  Employees will be entitled to three calendar years time credit for the care of young children, assistance with sick relatives or for training. In the case of care for a sick or disabled child, the limit will be raised to four calendar years. Employees will also be entitled to a total period of 12 months time credit for other purposes. This may either be taken on a full time basis or two years part-time, or five years on a 1/5th time credit (or a combination of these periods). Employees who have reached the age of 55 with 25 years working experience will have the right to take partial early retirement – either on a four-day week or through an individually negotiated part-time arrangement.

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