Licença-prêmio (Brazilian Long-Service Leave)
Paid leave granted to a public employee in recognition of periods of service without absences or disciplinary penalties, provided for in the statutes of many public entities. Many careers have replaced this benefit with training leave or allow unused time to be converted into credit toward retirement or into cash compensation. The rules vary depending on the law of the public entity to which the employee belongs.
Legal reference: Law 8.112/1990, arts. 87.