Decree setting the amount of the Socialist Food Coupon

LEGAL INSTRUMENT

                   Instrument                Official Gazette Date
Decree No. 4,094 setting the amount for payment of the Socialist Food Coupon (Cestaticket) for Workers   6,502 Special Issue January 9, 2020

2.    AMOUNT OF THE SOCIALIST FOOD COUPON

The monthly amount to be paid as the Socialist Food Coupon to workers employed in the public and private sectors is now Bs. 200,000.00

3.    OBLIGATION

Employers in the public and private sectors must make the necessary adjustment to this benefit and pay their workers the amount to which they are entitled for the Socialist Food Coupon.  

Article 3 of the Decree expressly states that the Socialist Food Coupon has no wage-related effects; therefore, no deductions may be made from this amount except for those expressly authorized by the workers for the purchase of goods and services under the framework of the social programs and missions for the satisfaction of their needs.

Moreover, Article 4 of the Decree provides that the adjustment of the amount is mandatory regardless of the number of workers employed by each employer.

4.    COMPLIANCE METHODS

Employers in the public and private sectors who pay this benefit using one of the systems provided for in Article 4, sections 1 through 4, of the Executive Decree Enacting the Socialist Food Coupon Act, must do so by providing an electronic food-coupon card or, preferably, coupons issued by a financial institution or establishment that specializes in the administration and management of social benefits.

5.    EFFECTIVE DATE

       The effective date of this Decree is January 1, 2020.

Yours truly,

Benson, Pérez Matos, Antakly & Watts

Carlos A. Godoy L.

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