Reminder: the loyalty bonus provided for in the Banking Collective Agreement is also subject to indexation

As a reminder, the loyalty bonus provided for in the Banking Collective Agreement is calculated on the basis of the employee’s length of service and corresponds to a percentage of their basic pay.

The Collective Agreement also stipulates that this bonus is paid with the June salary. Consequently, the basic pay applicable at the time of payment serves as the basis for calculating the bonus.

As basic pay will be increased by 2.5% with effect from 1 June 2026, the loyalty bonus will also be subject to indexation.

The reference period running from 1 June 2025 to 31 May 2026 is not intended to determine the basic pay to be used for calculating the bonus. It serves solely to determine the pro rata amount applicable based on the employee’s working hours during that period. In other words, this reference period is used to calculate the attendance rate or employment rate to be taken into account for the payment of the bonus.

It appears, however, that the ABBL is advising its members to use the May 2026 pay as the reference pay for calculating the loyalty bonus! This interpretation, which is unfavorable to employees in the sector, is unacceptable!

As provided for in the banking sector’s collective agreement, ALEBA will refer the matter to the Joint Committee – a body established by the signatories to the collective agreement – to clarify the situation and ensure that the interests of employees in the sector are defended.

If you have any questions or require further information, the ALEBA team is here to help (info@aleba.lu)!