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The scheme refers to a minimum redundancy payment. What is this?

April 26, 2017minimum payment redundancy Scheme

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The scheme refers to a minimum redundancy payment. What is this?

1 Answer

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Posted

Irrespective of age and provided an individual has at least 5 years continuous service, a minimum payment of 5000 will be payable. This will be adjusted to a pro rata figure for staff working part time. If you have less than 5 years service the redundancy payment will be calculated according to the formula in Q.11 above.