The Payroll Guarantee Fund covers outstanding wage claims in the event of bankruptcy of the enterprise. In the previous sections, we informed about who can benefit from this type of support and what are the financial limits. Today - in the last part, we move on to the practical part: filling out the application. How to complete the application? When will we receive the decision?
Wage Guarantee Fund - submitting the application
Each claim must be documented at the beginning. Collect all receipts of transactions, work performance: employment contract, wage receipts, payroll and tax statements, etc. The employee must prove the validity of the claim. The court of first instance can provide information on who has been appointed as receiver in bankruptcy. The receiver is obliged to assist in completing the form. The application is also sent to him. Then you just have to wait for the decision and believe that it will be positive.
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Wage Guarantee Fund - decision
The official receiver assesses credibility and legitimacy. The opinions are sent to the NAV Wage Guarantee Fund, which decides whether the claims can be covered. The Wage Guarantee Fund may ask the trustee for a package of additional information - after reviewing the case, it decides whether to accept or reject the application. The NAV Wage Guarantee Fund sends an official letter to the trustee with a record of its decision. If your request for support is denied, you can appeal - there are three weeks for this.
Payment of the benefit
The funds granted from the Wage Guarantee Fund will be transferred to the trustee in bankruptcy. The official receiver pays the claimant money after the obligatory deductions have been made, such as, for example, tax and unemployment benefits paid in advance. It is worth fighting for support from the Wage Guarantee Fund - in the event of financial problems or problems with work, such financial support may turn out to be invaluable.
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In a word of summary
It is worth noting and paying special attention to the fact that, according to the latest statistics, every year more and more people use the Wage Guarantee and Support Fund. Many people confirm that it is very necessary and important support.
This is the last part of our cycle. Be sure to read our previous publications on the Wage Guarantee Fund:
Wage Guarantee Fund - for whom? NS. 1
Wage Guarantee Fund - limits, benefit period - part 2
information source: Nav.no
