So even if you are working fewer hours you are still eligible for any pensions or bonus schemes offered to full-time employees.
What types of cancellation a policy allows depends on the insurer and the specific policy.
There pro rata refers to distributing or allocating a quantity proportionately—for example, dividing up an annual interest rate pro rata into monthly rates; distributing pro rata a profit amongst shareholders; paying part-time employees pro rata according to full-time pay ; or allocating liability for a defective product pro rata.
Most of us have heard the term "pro rata", generally when applying for a new job.
But still offer the same level of pay compared to a full-time employee.
If that coverage was in a pro rata setup, the coverage would have the same proportion.
Another common example is the annual interest rate that can be broken into monthly or bi-monthly interest rate over the term of a loan.
They each will receive 50 percent of Mr.