Charlie O'Connor (Dublin South West, Fianna Fail)
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Question 236: To ask the Minister for Enterprise, Trade and Employment the cost of providing for the payment of three weeks' statutory redundancy payment for every year of service; and if he will make a statement on the matter. [43024/06]

Tony Killeen (Clare, Fianna Fail)
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The total cost to the Social Insurance Fund of providing for statutory redundancy payments for the first eleven months of 2006 was €150.8m.

From these figures, which were based on statutory redundancy payments of two weeks pay for every year of service (together with the usual bonus week), it can be estimated that the current total cost of redundancy payments for the full year will amount to €165m approximately.

The cost of statutory redundancy based on three weeks pay per year of service can be further extrapolated from these figures. Thus, the total cost for the year would amount to €248m approximately.

Redundancy entitlements were last discussed in the context of Sustaining Progress and agreed at two weeks pay per year of service plus a bonus week. There are no plans at present to increase statutory redundancy entitlements.