I work for a private company in Dubai on an unlimited contract and draw a monthly salary of Dh10,000. My basic salary is Dh5,000, and other allowances Dh5,000. After completion of two years, the company restructured this as basic salary Dh3,000 (30 per cent) and other allowances Dh7,000 (70 per cent).I understand the end of service benefits (EOSB) are computed on the last drawn basic salary which, in my case, has diminished to Dh3,000.t is further noted that upon completion of two years of employment your employer renewed your labour contract and at the time of its renewal reduced your basic salary to Dh3,000 (30 per cent) and other allowances were fixed to Dh7,000 (70 per cent).
That being said, many businesses look at the cost of the individual health insurance policies the employees will be purchasing to help set the contribution amounts. In 2016, the cost of individual health insurance for a 40 year old on a Silver plan averaged $351.02 per month or $4,212.24 a year.
You get paid twice per month, so your portion of the monthly premiums is $250. Your employer contributes $400 per month toward your health insurance premiums, so the total cost of your job-based health plan is $650 per month. To figure the 2 percent service charge, multiply that $650 monthly premium by 0.02. Youâll get $13. Add this $13 service charge the $650 premium cost and your COBRA health insurance cost will be $663 per month. Where to Get the Information You Need Your employee benefits or human resources office can tell you how much your COBRA premiums would be, but there may be circumstances under which you want to figure it out without alerting your employer to the fact that you're considering leaving your job.