The Selection Model allows you to use part of your employment benefits flexibly. This gives you a tax advantage in some cases. For example, you may exchange your taxable end-of-year bonus (or part thereof) for a tax-free travel allowance. You may also choose to sell your holiday hours for extra income. The Selection Model is a supplement to your terms of employment.
It is important that you communicate your choices on time. If you are late, you cannot receive your allowance (earlier) or use your resources, such as your holiday allowance or end-of-year bonus.
You must make your choices before the first day of the month in which you would like to receive the 'source'. Example: if you want to use your holiday allowance to receive an allowance for a training course, you must make this choice in April, because the holiday allowance is paid in May. So if you want to use your holiday allowance as a source for exchange, deploy it before 30 April 2024.
Due to the collective labor agreement (CAO) provision regarding the timing of the end-of-year bonus payout, the regulation has been adjusted so that exchange choices involving the end-of-year bonus as the source must be made by November 1 instead of December 1.
If you have any questions about this, contact your HR officer.