Seán Crowe (Dublin South West, Sinn Fein)
Link to this: Individually | In context

Question 189: To ask the Minister for Enterprise, Trade and Employment if, in order to ensure that workers who find themselves cast aside by their employer after years and in some cases a lifetime's service receive a decent level of redundancy compensation as a right, he will bring forward legislation to increase redundancy payments to four weeks of pay per year of service. [2613/07]

Tony Killeen (Clare, Fianna Fail)
Link to this: Individually | In context

In April 2001 the ceiling on weekly wages used in calculating statutory redundancy lump sums was €507.90. Payment was then calculated at a half week's pay per year of service under the age of 41 and a full week's pay per year of service over the age of 41 plus one extra week's pay.

Redundancy entitlements were discussed in the context of Sustaining Progress and agreed at two weeks pay per year of service plus a bonus week. This rate commenced in May 2003.

The ceiling on weekly wages used in calculating statutory redundancy was increased to €600 in January 2005. There are no plans at present to further increase statutory redundancy entitlements.