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Calculation of Redundancy Pay

  • Edward Benson
Part of the Industrial Relations in Practice book series (IRPS)

Abstract

The amount of a redundancy payment depends on the length of the– employee’s period of continuous employment, the amount of a– week’s pay at the calculation date and the employee’s age at the– relevant date. A week’s pay is calculated in the way shown below, but– subject to a maximum. This maximum is reviewed each year, but is– currently £145 (February 1984). Redundancy pay is calculated by– counting backwards from the relevant date the number of years of– continuous employment, subject to a maximum of 20. Then:–

Keywords

Calculation Date Mole Mining Pension Payment Continuous Employment Periodic Payment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Edward Benson 1985

Authors and Affiliations

  • Edward Benson

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