Africa-Press – Cape verde. The new Compulsory Insurance for Accidents at Work (SOAT), which came into force on January 1st of this year, presents an updated legal framework and increased values with regard to compensation and pensions.
The document refers to the obligation of employers to repair the consequences of accidents at work and occupational diseases suffered by their workers.
With the legislative reform, the change considered “most significant” and with the greatest impact on policyholders and their beneficiaries is related to the change in determining the value of the maximum limit of the monthly insurance salary.
Increase in percentages
This, “taking into account that the previous legislation did not cover the actual salary of the worker, as it had as reference a daily capital of 300 ECV, that is, 9,000 ECV for 30 days of work”, as recalled by the Government, in a statement.
On the other hand, he adds, there is an increase in the benefits of cash compensation, through the increase in the percentages that affect the basic remuneration.
For example, the percentage of compensation in cases of absolute temporary incapacity, up to 14 days, goes from 40 to 60%. When there are more than 14 days, this value goes from 70% to 80%.
Other scopes
The increase also covers temporary partial disability (from 25 to 30%), absolute and partial permanent disability (from 70 to 80%), widowhood and alimony pensions (from 30 to 60%), children’s pensions (from 15 to 30%) and ascendant pensions (from 10 to 20%).
Despite not being new in Cape Verde, updating the legal framework still allows diplomas to be concentrated on a single subject, facilitating consultation, management and decision-making.
On the other hand, unlike the previous tariff, which was based on professional classes, the current one is based on the wage bill and the activity of each company, with the possibility of adjustment depending on certain risk factors.
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