New CBA for the insurance sector signed by all parties on 29 May 2018 ACA

New CBA for the insurance sector signed by all parties on 29 May 2018 ACA

The new CBA will cover the years 2018-2020 and has been described as beneficial to the insurance sector, its companies and its employees.

The new convention was signed by ACA (the association of Luxembourg insurance companies) and unions Aleba, LCGB-SESF and OGBL. It contains the following elements:

  • The award of a June bonus in 2018, 2019 and 2020
  • The award of an exceptional bonus in 2018 and 2020
  • Increase in starting salaries for new entrants (in 2018, 2019 and 2020)
  • Increase in thresholds 1 and 2 for all employees
  • Increase of the guarantee of progress from threshold 1 to threshold 2 from €6 to €9 (index 100) over a period of three years
  • Right to training (40 hours per year including a minimum of 20 hours not related to regulatory obligations)
  • Right to establish an annual individual training plan
  • The application of the law on working time with the possibility of introducing a 6-month reference period for the mobile working.