Do people who are working after retirement age can they get redundancy?
The following information is published by Age Concern. The new law abolishes the upper age limit for statutory redundancy payments, so employees aged 65 and over are now entitled to redundancy pay calculated in the same way as younger people. Age and length of service will still be used as a factor in calculating statutory redundancy pay (and compensation for unfair dismissal). You will be entitled to: 1.5 weeks’ pay (currently capped at £290 per week) for each year of service in which you were aged 41 or over 1 week’s pay for each year you were under 41 half a week’s pay for each year you were under 22 covers up to a maximum 20 years service. This means that older people will continue to be paid at a higher rate than younger people, even though this appears to be discrimination on the grounds of age. The government has said it believes this difference in treatment is justified. You may be entitled to more than the statutory minimum redundancy payment under your contract of employment.
*Sadly, we had to bring back ads too. Hopefully more targeted.