How much do you get paid if you get redundancy?

Employees in continuous service with the same employer for at least 13 weeks are entitled to a minimum period of notice before an employer can dismiss them. The rate of statutory redundancy is two weeks’ pay for every year of service (over the age of 16) plus one additional week’s pay. Payment is subject to a limit of €600 per week.

How long does an employer have to give an employee statutory redundancy?

Generally this means an employee who pays class “A” PRSI Employees in continuous service with the same employer for at least 13 weeks are entitled to a minimum period of notice before an employer can dismiss them. The rate of statutory redundancy is two weeks’ pay for every year of service (over the age of 16) plus one additional week’s pay.

Who is covered by the Redundancy Payments Act?

The employer should pay statutory redundancy payments to all eligible employees. This entitlement is in accordance with the Redundancy Payments Act. The scheme covers employees who are insured for all benefits under social welfare legislation. Generally this means an employee who pays class “A” PRSI

How to find out if casual service counts for redundancy pay?

Read about whether casual service counts for redundancy pay in our Library. If you’re covered by a registered agreement, check the terms of your agreement for information about how much redundancy needs to be paid out and other entitlements. To find a registered agreement, go to the Fair Work Commission website .

How much redundancy pay do I get if I was made redundant?

Based on your age when you were employed, you’ll either be given half a week’s pay for every year worked, one week’s pay for every full year, or one and a half weeks’ pay. If you were made redundant on or after 6 April 2017, your weekly pay is capped at £489 and the maximum statutory redundancy pay you can get is £14,670.

What’s the minimum notice period for redundancy pay?

The minimum notice period in the NES is based on how many years your permanent employee has worked in the business continuously (continuous service), though an agreement or employment contract pay stipulate a longer notice period which will need to be applied over the period in the NES.

Do you have to notify the government if you are making 20 employees redundant?

If you’re making 20 or more employees redundant, there are other legal requirements. You have to let the government know of your plans. Because at that point you’ll have to go ahead with a collective consultation. To do this, you’ll need to notify the Redundancy Payments Service about what’s happening in your business. So, you should:

What do I need to do about compulsory redundancy?

To do this, you’ll need to notify the Redundancy Payments Service about what’s happening in your business. So, you should: Fill in the HR1 form before starting any consultations. After that, start the consulting process. Trade union representative. Someone your employee’s elect. But it’s a formal process and you should hold at least two meetings.