Seanad debates

Wednesday, 14 May 2003

Redundancy Payments Bill 2003: Second Stage.

 

The group was of the view that the ceiling should be adjusted by statutory instrument at fixed intervals of three years for employers and two years for employees, in line with the transportable goods industries' index. Increases would be in discrete amounts, following consultations with the social partners, with the first revision to take place with effect from 1 April 2004. The group agreed that any extra resources should go to benefit people with two years' service, so that reducing the qualification period to one year would not be as high a priority.

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