HR Services Newsletter, November 2002
Our Newsletter offers information on the latest developments in the area of Human Resources in Belgium. Each issue is filled with articles on news, changes and proposals in the HR environment. All articles are written by our in-house experts.

We look forward to receiving any reactions, suggestions or remarks from you regarding the Newsletter. We hope that you find it a valuable initiative.

A PDF version is available for download at the bottom of this page.

Content:

• Editorial – Eric Cauwels, Partner
  Executives’ remuneration packages: who cares?
• Mobility on the Move – Isabelle Burton, Pascal Borgoens and Vanessa Sibenaler, Personal Tax
  Mobility has become a crucial problem for every major city in Europe. According to the Ministry of Transportation and Infrastructure, traffic in Belgium has increased by 28% over the 10 last years. Employees are taking more and more time to get to and return from work.
• Relevant Legal Developments in HR Aspects of International Employment – Rudi Desmet, Stefan Nerinckx, Frank Ruelens, Jo Antoons, Yvette De Smedt and Steve Tronckoe, Landwell
  The last few months some important legal developments at Belgian and International level have occurred which will have an immediate impact on managing your international assignments into Belgium as well as abroad. In order for you to be acquainted with these legislative changes, we are pleased to provide you with a summary of the various topics.
• Early Retirement Seen in the Context of the Supplementary Pensions Bills – Veerle Geuens, Personal Tax
  When the early retirement scheme (‘brugpensioen/prépension’) came to be created in Belgium in the seventies it came especially as a reaction to the economic climate of the time. These days, conventional early retirement (under a collective bargaining agreement) is seen as an “employment benefit”, a way for the employee to take an early departure from the work scene. The current parties in government, however, want to keep employees aged over 55 in the working population. Therefore the new bill on supplementary pensions (submitted by Minister Vandenbroucke) introduces important changes that have an impact on the conventional early retirement scheme.
• Business Management from the Viewpoint of Personal Income Tax and Social Security following the Corporate Governance Acts – Luc Legon, Personal Tax and Frank Ruelens and Louis-François du castillon, Landwell
  The “Corporate Governance Act” introduces a number of obligatory or optional mechanisms, depending on the case, designed to stem the crisis of confidence among small savers and large investors. Some of these provisions may affect the tax and social security status of company managers, as is especially the case with those requiring the nomination of a permanent representative whenever a company exercises an office within another company or those under which statutory status is given to management
  committees…

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