Seanad debates

Wednesday, 14 May 2003

Redundancy Payments Bill 2003: Second Stage.

 

Section 4 of the Bill provides that the administrative costs of redundancy and insolvency will be met from the social insurance fund by means of an appropriation in aid to the Department of Enterprise, Trade and Employment. This will provide greater accounting transparency, in that all costs – payments as well as administration – will be funded by the SIF. Detailed arrangements to implement these changes have been agreed between the Departments of Enterprise, Trade and Employment, Finance and Social and Family Affairs.

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